Comments on: Real estate in Dubai

By: Susan Lassiter-Lyons

Susan Lassiter-Lyons — Sun, 13 Apr 2008 14:52:54 +0000

Wow. Sounds like trying to buy an apartment in New York City or San Francisco - on steroids! Important to note that all real estate is cyclical. It is booming now but will be followed by a correction. The trick is to buy close to the bottom of that cycle not at the top.

By: Own A Home Abroad

Own A Home Abroad — Wed, 09 Apr 2008 09:53:00 +0000

We are a highly experienced UK based global property-finding company, and can confirm that there’s still a high level of interest in the UAE, with Ras Al Khaimah being the latest area to attract attention.

By: person

person — Fri, 29 Feb 2008 02:57:54 +0000

I thinking that as long as there is construction of the major projects one can be certain there will be curiosity and interest amongst other countries. The interest consists of tourism and investments and considering the current projects (Burj, Palms, beaches, etc…) I think it should be enough to keep tourists coming back and businesses doing well. Dubai is very simply constructed around tourism. The amount of land available is quite extensive, the sky is the limit (as demonstrated) and if and when the interest dies down it will be due to the fact that the amount of tourists visiting in such a short period of time will be exhausted. Once that happens there will be another project to spark interest…and another and another, even when the oil is depleted, the prices will stabilize (hotel rooms) similar to Vegas… until then everything will be booming.

By: mike

mike — Wed, 28 Nov 2007 14:17:25 +0000

ive been following the development of Dubai since 2002 im only 17. but from what i can see is that i think we can expect great things from this beautiful city. they really seem to know their architecture i dont know if i spelled that right. oh and i love that for such a nice place there iis a relatively low cost of living.

By: Zia Qureshi

Zia Qureshi — Tue, 18 Sep 2007 01:52:22 +0000

The bubble theory normally applies in cases where the capital value of your investments stop appreciating, or in some unfortunae cases, decline. The Dubai property market has thousands of options available, however due to the strong demand, the supply still sits in the signigicant shortage range. Of course we all know that tens of thousands of residential and commercial units will be available within years, but even this amount will not be enough to accomodate the approx 5000 new families relocating to the city every month. The population is expected to double within five years. People need places to stay, and some banks do offer mortgage rates lower than the average rental return, that of course is their most compelling point. Rental rates, along with interest rates are bound to stabilize, however the capital appreciation is set to increase due to the imminent demand of end users, who would rather buy and live in their own properties, than to rent. The bubble burst can prove to be a threat once foreigners lose interest in moving to Dubai. Thus far, we can all agree that is not the case. If anyone is interested in owning a property for only 20% of its market price, and selling it within a year AND keeping 100% of the profit, please do not hesitate to contact me @ zqdubai@hotmail.com. Believe in Dubai… it has given you no reason to do otherwise.

By: joseph

joseph — Fri, 20 Jul 2007 10:27:59 +0000

I agree completely. Here in Ireland it happened. For 10 years we had the boom of the “celtic tirger” where people investing in property made alot of money. But things could not have kept going at the pace it was going at and now no one wants to buy in fear the the market will drop and they will lose thousands. How can Dubai do it. It happens everywhere that a market will drop. I would not invest in there unless i actually wanted to live there for the rest of my life

By: G

Tue, 10 Jul 2007 01:50:33 +0000

Dubai is a city with one of the highest population growth in the world. It has no taxis, very little crime, sun, beach, best service you will every get, and a night life that beats most of europe, and very few that come to visit this city every want to leave it. when you put this along side with zero taxes and a vision by its rulers to attract 15 million visitors a year and an aimed pupulation of 11million from the current 2.5 million. i would say Dubai is a great place to invest in property and people who have invested in the last few years saw great returns. i think in any new market and a market with high returns you will get investers start to expect a down slide, but i think that is still far away for Dubai. i am sure in 5 years dubai will be one of the most expensive cities in the world for property. so expect good returns to continue for next few years.

By: George

George — Wed, 27 Jun 2007 01:36:12 +0000

Well, looks to me like everyone here’s got the right idea. No need for me to parrot off what they’ve already said, I suppose.

By: Mary Beth Hurtado & Elliott Lewis

Mary Beth Hurtado & Elliott Lewis — Tue, 26 Jun 2007 21:31:56 +0000

Would be nice to live in a place with no taxes, but I’m sure it has its disadvantages also

By: ujmi

ujmi — Tue, 19 Jun 2007 11:30:22 +0000

I would second both the fellows, the Dubai’s rental business and property boom is just another bubble.

We have seen what happened to the Dot-Com bubble and then to the Japanese Economy!

But on other hand, having bubbles is also good (for those who didn’t invested!). Like in case of Dot-Com bubble we are still surviving on the extra-capacity links which were laid by telecos and in case of Japanese bubble we have people having fun importing raw-materials in the country.

So as the third person commenting, I would suggest against such an investment.