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The worst is almost over

Discussion in 'Dubai property' started by Wannaberich, Aug 26, 2010.

  1. Wannaberich

    Wannaberich New Member

    Now that we are almost into september 2010,and it has been some time since the global financial crisis hit Dubai,I believe the worst may be over.
    After Ramadam I think there will be a small improvement in the situation in Dubai and that property prices will stabilise.
    I also believe there will be a steady increase in the population and businesses coming to Dubai.
    If you have some spare cash then now is the time to buy.
  2. hujaili

    hujaili New Member

    I observed that from May 2010 visit, some of realstates projects was started back
  3. Aclark

    Aclark New Member


    Does anyone have any idea what the situation is with the Creek Towers project on Al Reem Island. We have purchased an apartment there and despite our contacting the developer on numerous occassions for updates we still have no idea how far on they are with the development which was due to be completed in January 2010!
  4. Roshan

    Roshan New Member

    The recession will probably do Dubai good. Rents have come down. Dubai has now become a viable destination for business. More people coming in would give a sense of stability. Adding to this the exodus of people from Sharjah and Abudhabi and people upgrading to bigger homes will do Dubai good.

    There is that excessive supply coming in which would still be something to deal with.
    Lets wait and see how things move.

  5. Mussa1

    Mussa1 New Member

    As a lot of apartments are complted, wouldn’t you not take the risk and buy in a completed apartment? Which apartment is value for money and quality of build is good

  6. Egor

    Egor New Member

    The whole point in the price! So to say you can buy ready apartments in Dubai Marina 300.000 AED. A scheme which I suggest you buy a very similar appartamnty over 230 000 AED. Prices are suspended, but discount this risk is minimal, because construction is actually.
  7. Mussa1

    Mussa1 New Member

    300.00AED in dubai marina? where can i get one from?

    Do you roughly know the ging rates for a 1 bedroom in dubai marina - lake views though

  8. Egor

    Egor New Member

    I wrote that the prices are given in the abstract. It is raised only in order to show the difference between the retail scheme purchase scheme proposed by me. One option to purchase at a price that is available to everyone, just another option to buy the same product but with a significant discount. Or 25-30% cost of real estate for you?:dontknow:
  9. Mussa1

    Mussa1 New Member

    Yes I thought so. I am considering of buying in Dubai Marina & JLT but I would need to rent the apartment out, not sure if I would get tenants as there are so many unoccupied apartments available and so many apartments coming available soon.

    Also a quick question, I believe tenants will be liable for all bills gas/elec/water etc
    What about the annual maintenance fee, who pays that? Landlord or tenant?


  10. Egor

    Egor New Member

    Unfortunately I have not dealt with the rent, but know exactly what the maximum yield when renting can be obtained as follows. You can rent your apartment from week to week, authorizing the management of the real estate company that specializes in this.:wow:
  11. Mark2011

    Mark2011 New Member

    I live in Kuwait and I didn't know how bad things can be until I saw the prices of everything went up. But here in the Gulf countries the global financial crisis didn't hit as bad as what happened almost all over the globe. At this point i hope everything go back as it used to be.

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