just quick vote on whether to buy the property in Dubai/Sharjah/Ajman or not to buy?
you are also welcomed to give the explanation and arguments in support of your vote.
thanks a lot...
People and consultants (real estate and investments) keep talking and they are actually BSing about the market and its trends.
Did not see in any analysis or forecast done the foundation of that analysis. Least to be said: population, anticipated growth, units available (occupied and under construction), future economic developments. Such figures we do not know about and personally I do not but what the so-called consultants are selling. Can you imagine the number of projects in the whole GCC and the quantity of new units that will be available. What is the global GCC demand capacity (including foreign investors)?
IF I have money and want to invest in real estate, I won't do it now. The rates are very high. IF I have too much money I would buy in Oman or Bahrain (prices there are still reasonable). Alternatively, would consider Egypt.
Yes Ajman is booming. But they are building there without electricty and water... In some developments yet no infratructure exists. I know complete buildings but people cannot move in because of lack of infrast.
If u happen to buy a Dubai newspaper nowadays the majority of the adds are for Ajman as the prices are yet cheaper. I belive that Dubai is coming to a saturation point, this is as high as it gets.
Dubai residential prices could ease in 2010 on demand-supply balance
By Suzanne Fenton, Staff Reporter
Published: July 17, 2008, 00:05
Gulf News
Dubai: House prices in Dubai are set to moderate in 2010, as supply and demand begin to strike a balance, according to industry analysts.
Robert McKinnon, managing director of Al Mal Capital Research, said: "Into next year we expect prices to begin to moderate, though not substantially."
There has been a flurry of predictions in recent days over Dubai's supply and demand situation in 2010, especially with the massive bulk of units set to hit the market coupled with the Dh6 billion in escrow accounts.
"As delays continue to plague the industry, we do not expect supply and demand to come into balance until 2010," Robert McKinnon, managing director at Al Mal Capital Research, told Gulf News.
The report says, according to the Dubai real estate price index there has been a year-on-year price appreciation of 40.8 per cent in the residential segment.
Prices in the commercial segment have increased around 42.7 per cent within the same period.
Average rates
Figures from Al Mal show the average rent in Dubai in June 2007 was Dh1,291 per square foot. Average rent in June 2008 was Dh1,818, representing a year-on-year increase of 40.8 per cent.
Blair Hagkull, managing director of Jones Lang LaSalle, Middle East and North Africa region, said better quality housing in central locations that are well maintained and have good infrastructure will always demand higher rents in the future.
"Clearly, the rate of increase in the last five years, in terms of residential prices, is not sustainable. Rates have increased to a point where the price is a concern," Hagkull said.
Locations such as Barsha and Jumeirah Lake Towers, good quality accommodation with good links to public transport, will see the greatest rises in prices.
"At some stage, the Dubai Metro will play an important role in what people will pay. If you live close to a station, then that accommodation will be more expensive," Hagkull said.
For commercial properties, Al Mal said the average rent in June 2007 was Dh1,444 per square foot while the average rent in June 2008 was Dh2,060. This represents an increase of around 42.7 per cent. However, Matthew Hammond, managing director of Jones Lang LaSalle, said: "We anticipate rents [in commercial properties] will continue to increase over the next 12 months, if not 24 months, until more stock comes on to the market."
Hammond said with the rising costs of materials, many developers have been forced to slow down development plans, thereby causing delays in the market.
"Properties that were due to come on in 2009-2010, have now been pushed back to 2011-2012," he said.
Hammond said the average rent for office space in DIFC is around Dh500 per square foot but new buildings will be around Dh600 per square foot, plus management fee.
as i said, i will go to Dubai this weekend and will try to get some sense of what's going on in there.. I have set up few meetings with different agents.. let's see..
heero.. i didn't think whether i am "comfortable living a life in UAE", as i am NOT planning living life in UEA.. why would I?? ...for the same reason I don't care about the residence in UAE...
when it comes to buying propert in Dubai...I wud say I'm very sceptic abt teh whole thing.
1. Heard lots of stories abt undelivered promises. Abt time delays, abt builders/owners not sticking to teh contract clauses. Even about ppl being returned the same amount of money on unstarted jobs after 2 yrs without any interst n so on...
2. Quality of construction: Quite a lot of these properties have time n again come in the papers for their drainage and leakage problems.
3. If you are planning to sell soon , guess its ok.
4. DO NOT fall for the freehold visa thing...too many grey areas there.
5. Only thing Dubai has been really gud is with creating a huge hype on their properties. They dont have any resources to back up their boom (unlike AbuDhabi which has got oil)
I would suggest you to dig out some info on developments being planned in AbuDhabi...donno much abt tehm, but atleast tehy hav the back ups!!
I have heard alot about Ajman being the next boom town in the emirates. Evidently, they are building a metro and airport there that are driving property prices upward and attracting the top real estate developers. I heard that Solidaire (Hariri's real estate development company) is building a massive development along the coast. Anyone that has been to downtown beirut can tell you that they are one of the best developers. Time will tell...
there is absolutely a bubble and it will burst.. this is for sure...
they are building the waterfront for 1.5m people, dubai's population is now 1.4m! who is going to live in the waterfront??? and there are other many developments in the range of 100thousands!..
everybody in this region is buying for investment, but who is going to live in your investments?
now in dubai, abu dhabi, qatar a decent 1br is around 1.5-2m, with %10 down and 20yr mortgage, your payments will be around 15,000 excluding insurance and maintanence... well it is really not easy to find people to pay that much rent to u for a 1br, especailly in this region where people come to save money and get out asap.
Most of the property in the GCC...the Islands and the Floats...etc are all like the game .."Passing the parcel". Everybody knows they dont want to be stuck with the investment and then suddenly the prices crash.
Everybody wants to make a fast buck and move on. Thus the property has no real value.
I have heard people in UAE & Dubai could book a property for 10% of its price. So each person who could afford one property buys 10 property. But this person would be in a crises if he is asked to pay up for all the property.
So he sells of each property at 10% profit and gets 100% profit.
This is similar to the make a chain ....buy a product & get more buyers for it. But there will come a moment when the Chain will break for sure.
Would you want to be in the Chain if it does?
It is also advisable to take the risk if you are able to pay off the loan/price of property within 5yrs. without selling it.
If you wanted to buy a property to stay there then by all means go through.
Note:
Making investments for profits is not advisable in a market you are unaware of and if the future of the market itself is unpredictable.
Risks:
How much would the risk mean to your?
Would it be ok if the value of the property fell below the purchase price. (As DohaSteve very nicely put it the current price is artificial). And since its artificial there is no gurantee it would stay that way. This is how share markets operates....the brokers never loose...only the genuine investors loose.
This also means you are buying into already inflated product with the hope of it increasing more.
All Risks in Investments should be calculated...ie you should be able to bear the loss as well as the windfall.
I have already posted a thread regarding property prices going to fall in Qatar....2009 all through till 2012.
I bought a couple of properties here after a lot of soul searching (took me 4 months to make the decision).
The main reason for buying here instead of in Dubai was that I heard, like so many others, that there was more supply than demand.
HOWEVER ..... I have also recently been speaking to a freind there who is heavily into the property market and he claims that those with the influence (big developers) only release enough apartments to satisfy a percentage of the demand at any given time, so the price is being artificially kept high.
I suppose that as long as you are keeping up with the market trend, there should be no fear. Perhaps capping the profit that you want to make per unit would be helpful, so that you sell even though the market is booming, having made what you wanted to make.
Regarding Qatar, my main driver for deciding to buy here (apart from the fact that I live here) was that there are still only 2 developments taking place, and I believe that demand will still exceed supply for a long time to come. I have gone down the route of capping what I want to make from a unit, so that I don't get caught up in any market fever.
Incidentally, the same friend is now advising to buy in Abu Dhabi or RAK, and not in Dubai, as both those places are booming, with RAk probably being the best value for money. I have also seen a lot of ads for Ajman, but haven't researched.
I'll let you know how I get on with selling the two units I have here. There's plenty on interest but so far no committment - quite a lot of the people who have shown an initial interest have decided to wait until they are actually finished, meaning that they are looking to move in to an apartment, and not necessarily looking at the purchase as a pure investment.
Good luck with your investigation!
.
"I told the doctor I broke my leg in two places. He told me to quit going to those places". - Henny Youngman
ok... so.. summarizing all above.. we got 3 main problems:
1. all units are sold out 9or at least that's what sales Reps say)
2. doubtful residency in UAE
3. worries, that the bubble will burst and I will be left with a worthless piece of property in the desert.
now….
1. if all units are sold, I am not going to buy anyway, so it's not discussable
2. Thanks, Mr.P. for your really valuable info.. but I am not going to live in Dubai. I want to buy it only like an investment and to sell it in 2-3-4 years..
About not visiting any sales office was directed to Formatted soul and not you ...
me and a friend of mine are interested and done a lot of running around and work on the pros and cons ..but the sales ppl really try to EASE us into buying not WHAT we WANT BUT WHAT THEY WANT TO SELL..!!
when you have been thru their offices i wouldnt mind exchanging notes with you ..
kp me posted on your visit and the experience and watch them quote a price at the begining and ooh and aahs ..so sad all are SOLD lines they come up with ..and YET THERE WILL BE A PARTICULAR UNIT WHICH THEY CAN OFFER FOR 40% HIGHER PRICE THEN WHAT YOU MAY HAVE ASKED FOR ..
take an appoinment to save you trouble of an endless wait ..waiting to hear from you !!
CAN someone in authority tell me when the regulations for obtaining residency will match the current propaganda? They say residence visas for all expatriates who buy property. Well, let me enlighten those thinking of making that investment. There is no procedure for a person to obtain resident visa based on his purchase of property.
All visas are currently sponsor-based and related to holding employment. Or the retirement residency, which still holds that your previous sponsor states that you were employed for 15 years and you, of course, have the ability to pay your way.
Nothing, however, for the expat who has just purchased the freehold. Currently, my wife is staying on three-month period visa, which is renewed by leaving the country. That's the price we pay for investing BD150,000. Please, is anyone brave enough to answer the question?
John
* THE General Directorate of Nationality, Passports and Residence director human resource and finance Nayef Al Sherooqi said: "It appears that the reader is pregnant with some insight and a lot of misinformation about the self-sponsorship scheme.
"The ministerial decree No 74 of 2007 allows the grant of three types of self sponsorships: Property owners, foreign investors and retired foreigners (after completing a 15 years employment in the public or private sector). The purchase of real estate does not automatically guarantee a residence permit. The property owner must apply at the GDNPR for self-sponsorship, fulfiling the following stipulations:
* Property purchased in the foreigner's name should not be less than BD50,000.
* The property owner must also show a credit of BD15,000 at an accredited bank in the kingdom.
* He should show an adequate monthly source of income, not less than BD500, to support him and his dependants.
" The following documents are also mandatory:
* Health Insurance for him and his dependants.
* A good conduct certificate.
* A CPR card (or a temporary CPR certificate).
"It should also be noted that the holder of this type of residence permit or his dependants are not allowed to work in the public or private sectors.
"Lastly, it has nothing to do with being brave for answering a simple question. All that is required is to approach the GDNPR administration, take the necessary information and follow the rules and regulations to obtain a residence permit."
you have not been to even one sales office i bet !!
coz i went to the three major ones.
well at the end of the sales pitch all i was told was everthing is sold , indeed all they have is ONE PARTICULAR ONE BEDROOM ONLY AND THAT TOO I NEED TO DECIDE WITHIN A WEEK OR THE PRICE GOES UP BY 10%..
Imagine the sameline of pitching from all the three companies ..
they were fooling no one ..coz i went to them every one year and heard the same sentences again..
boy if everything is sold why do they put full page adverts in the paper ???
another thing is the single flats available are the ones NOT facing the MARINAS !!!
thanks... i am thinking of it for the last week.. cannot sleep.. cannot decide either..LOL... well i think i will go there and try to get some sense of what's going on there, right on the sites...
Khanan , i think i'll go this coming weekend.. pls, keep my buddy busy while i am away...LOL...
Why don’t you considering buying in Qatar instead...
heard that there are many finished apartments still vacant...because more flats in supply than in demand. Only the premium high-end luxury flats are getting tenants.
Gypsy, THIS IS my exact concern!! there are soooo many units are going to be built.. who is gonna live there? why? will you be able to re-sell it in 2-3-4 years? this is what i am thinking about...
Be careful about buying in the U.A.E, I remember reading something about a month back about it, that until a certain document is signed the owner of the property can increase the purchase price even after you've handed over the deposit..
well... I have got the property in my own country. I don't want to buy more there, as the more you buy, the higher taxes you pay, and i definitely do not want it. The question is whether the market in UAE will still go up? or it reached a certain limit yet, and may collapse or so... any thoughts regarding this issue?
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People and consultants (real estate and investments) keep talking and they are actually BSing about the market and its trends.
Did not see in any analysis or forecast done the foundation of that analysis. Least to be said: population, anticipated growth, units available (occupied and under construction), future economic developments. Such figures we do not know about and personally I do not but what the so-called consultants are selling. Can you imagine the number of projects in the whole GCC and the quantity of new units that will be available. What is the global GCC demand capacity (including foreign investors)?
IF I have money and want to invest in real estate, I won't do it now. The rates are very high. IF I have too much money I would buy in Oman or Bahrain (prices there are still reasonable). Alternatively, would consider Egypt.
===================================== http://www.qatarliving.com/node/58409
Yes Ajman is booming. But they are building there without electricty and water... In some developments yet no infratructure exists. I know complete buildings but people cannot move in because of lack of infrast.
If u happen to buy a Dubai newspaper nowadays the majority of the adds are for Ajman as the prices are yet cheaper. I belive that Dubai is coming to a saturation point, this is as high as it gets.
Dubai residential prices could ease in 2010 on demand-supply balance
By Suzanne Fenton, Staff Reporter
Published: July 17, 2008, 00:05
Gulf News
Dubai: House prices in Dubai are set to moderate in 2010, as supply and demand begin to strike a balance, according to industry analysts.
Robert McKinnon, managing director of Al Mal Capital Research, said: "Into next year we expect prices to begin to moderate, though not substantially."
There has been a flurry of predictions in recent days over Dubai's supply and demand situation in 2010, especially with the massive bulk of units set to hit the market coupled with the Dh6 billion in escrow accounts.
"As delays continue to plague the industry, we do not expect supply and demand to come into balance until 2010," Robert McKinnon, managing director at Al Mal Capital Research, told Gulf News.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
The report says, according to the Dubai real estate price index there has been a year-on-year price appreciation of 40.8 per cent in the residential segment.
Prices in the commercial segment have increased around 42.7 per cent within the same period.
Average rates
Figures from Al Mal show the average rent in Dubai in June 2007 was Dh1,291 per square foot. Average rent in June 2008 was Dh1,818, representing a year-on-year increase of 40.8 per cent.
Blair Hagkull, managing director of Jones Lang LaSalle, Middle East and North Africa region, said better quality housing in central locations that are well maintained and have good infrastructure will always demand higher rents in the future.
"Clearly, the rate of increase in the last five years, in terms of residential prices, is not sustainable. Rates have increased to a point where the price is a concern," Hagkull said.
Locations such as Barsha and Jumeirah Lake Towers, good quality accommodation with good links to public transport, will see the greatest rises in prices.
"At some stage, the Dubai Metro will play an important role in what people will pay. If you live close to a station, then that accommodation will be more expensive," Hagkull said.
For commercial properties, Al Mal said the average rent in June 2007 was Dh1,444 per square foot while the average rent in June 2008 was Dh2,060. This represents an increase of around 42.7 per cent. However, Matthew Hammond, managing director of Jones Lang LaSalle, said: "We anticipate rents [in commercial properties] will continue to increase over the next 12 months, if not 24 months, until more stock comes on to the market."
Hammond said with the rising costs of materials, many developers have been forced to slow down development plans, thereby causing delays in the market.
"Properties that were due to come on in 2009-2010, have now been pushed back to 2011-2012," he said.
Hammond said the average rent for office space in DIFC is around Dh500 per square foot but new buildings will be around Dh600 per square foot, plus management fee.
thanks guys.. well...
as i said, i will go to Dubai this weekend and will try to get some sense of what's going on in there.. I have set up few meetings with different agents.. let's see..
heero.. i didn't think whether i am "comfortable living a life in UAE", as i am NOT planning living life in UEA.. why would I?? ...for the same reason I don't care about the residence in UAE...
when it comes to buying propert in Dubai...I wud say I'm very sceptic abt teh whole thing.
1. Heard lots of stories abt undelivered promises. Abt time delays, abt builders/owners not sticking to teh contract clauses. Even about ppl being returned the same amount of money on unstarted jobs after 2 yrs without any interst n so on...
2. Quality of construction: Quite a lot of these properties have time n again come in the papers for their drainage and leakage problems.
3. If you are planning to sell soon , guess its ok.
4. DO NOT fall for the freehold visa thing...too many grey areas there.
5. Only thing Dubai has been really gud is with creating a huge hype on their properties. They dont have any resources to back up their boom (unlike AbuDhabi which has got oil)
I would suggest you to dig out some info on developments being planned in AbuDhabi...donno much abt tehm, but atleast tehy hav the back ups!!
...are you comfortable living a life in UAE to make you buy one?
"Everything in this book may be wrong." Illusions: The Adventures of The Reluctant Messiah by Richard Bach
I have heard alot about Ajman being the next boom town in the emirates. Evidently, they are building a metro and airport there that are driving property prices upward and attracting the top real estate developers. I heard that Solidaire (Hariri's real estate development company) is building a massive development along the coast. Anyone that has been to downtown beirut can tell you that they are one of the best developers. Time will tell...
rbakali ...why sell if its booming?
hold on to it for 10 yrs.... you will get more profit.
You see QS .........Buyers looking for Buyers.
I believe GCC will loose a lot of its wealth if the Housing market colapse. Many nationals/locals will have to comit sucide to escape the loans.
QatariSun...Plus there is war on the Horizon...with Iran.
So what are the plus points? Residency? For what if you wont stay there?
I have posted it here some 2 weeks ago:
http://www.qatarliving.com/node/135150
===================================== http://www.qatarliving.com/node/58409
there is absolutely a bubble and it will burst.. this is for sure...
they are building the waterfront for 1.5m people, dubai's population is now 1.4m! who is going to live in the waterfront??? and there are other many developments in the range of 100thousands!..
everybody in this region is buying for investment, but who is going to live in your investments?
now in dubai, abu dhabi, qatar a decent 1br is around 1.5-2m, with %10 down and 20yr mortgage, your payments will be around 15,000 excluding insurance and maintanence... well it is really not easy to find people to pay that much rent to u for a 1br, especailly in this region where people come to save money and get out asap.
Property..
Most of the property in the GCC...the Islands and the Floats...etc are all like the game .."Passing the parcel". Everybody knows they dont want to be stuck with the investment and then suddenly the prices crash.
Everybody wants to make a fast buck and move on. Thus the property has no real value.
I have heard people in UAE & Dubai could book a property for 10% of its price. So each person who could afford one property buys 10 property. But this person would be in a crises if he is asked to pay up for all the property.
So he sells of each property at 10% profit and gets 100% profit.
This is similar to the make a chain ....buy a product & get more buyers for it. But there will come a moment when the Chain will break for sure.
Would you want to be in the Chain if it does?
It is also advisable to take the risk if you are able to pay off the loan/price of property within 5yrs. without selling it.
Sure go ahead and buy.
I bought two flats in Paradise Lakes Ajman http://www.paradiselakesajman.com
Saleing one of it.
If you are intrested give me call
Riyaz Ahmed Bakali
5504310
qatarisun....Investment
If you wanted to buy a property to stay there then by all means go through.
Note:
Making investments for profits is not advisable in a market you are unaware of and if the future of the market itself is unpredictable.
Risks:
How much would the risk mean to your?
Would it be ok if the value of the property fell below the purchase price. (As DohaSteve very nicely put it the current price is artificial). And since its artificial there is no gurantee it would stay that way. This is how share markets operates....the brokers never loose...only the genuine investors loose.
This also means you are buying into already inflated product with the hope of it increasing more.
All Risks in Investments should be calculated...ie you should be able to bear the loss as well as the windfall.
I have already posted a thread regarding property prices going to fall in Qatar....2009 all through till 2012.
Thats the info I was trying to find earlier for QS. I knew I read it somewhere :)
and thank you for the trust
===================================== http://www.qatarliving.com/node/58409
i just was going to send you PM to get your personal opinion, which i trust to!
thanks for your post..
I bought a couple of properties here after a lot of soul searching (took me 4 months to make the decision).
The main reason for buying here instead of in Dubai was that I heard, like so many others, that there was more supply than demand.
HOWEVER ..... I have also recently been speaking to a freind there who is heavily into the property market and he claims that those with the influence (big developers) only release enough apartments to satisfy a percentage of the demand at any given time, so the price is being artificially kept high.
I suppose that as long as you are keeping up with the market trend, there should be no fear. Perhaps capping the profit that you want to make per unit would be helpful, so that you sell even though the market is booming, having made what you wanted to make.
Regarding Qatar, my main driver for deciding to buy here (apart from the fact that I live here) was that there are still only 2 developments taking place, and I believe that demand will still exceed supply for a long time to come. I have gone down the route of capping what I want to make from a unit, so that I don't get caught up in any market fever.
Incidentally, the same friend is now advising to buy in Abu Dhabi or RAK, and not in Dubai, as both those places are booming, with RAk probably being the best value for money. I have also seen a lot of ads for Ajman, but haven't researched.
I'll let you know how I get on with selling the two units I have here. There's plenty on interest but so far no committment - quite a lot of the people who have shown an initial interest have decided to wait until they are actually finished, meaning that they are looking to move in to an apartment, and not necessarily looking at the purchase as a pure investment.
Good luck with your investigation!
.
"I told the doctor I broke my leg in two places. He told me to quit going to those places". - Henny Youngman
Check the following link:
http://www.kippreport.com/article.php?articleid=1366
===================================== http://www.qatarliving.com/node/58409
sure do ..have a nice trip !!
when i come back from Dubai, i will tell you what are my feelings and sense and conclusion....
ok... so.. summarizing all above.. we got 3 main problems:
1. all units are sold out 9or at least that's what sales Reps say)
2. doubtful residency in UAE
3. worries, that the bubble will burst and I will be left with a worthless piece of property in the desert.
now….
1. if all units are sold, I am not going to buy anyway, so it's not discussable
2. Thanks, Mr.P. for your really valuable info.. but I am not going to live in Dubai. I want to buy it only like an investment and to sell it in 2-3-4 years..
therefore, my MAIN concern is #3:
3. ***WILL the bubble BURST????***
About not visiting any sales office was directed to Formatted soul and not you ...
me and a friend of mine are interested and done a lot of running around and work on the pros and cons ..but the sales ppl really try to EASE us into buying not WHAT we WANT BUT WHAT THEY WANT TO SELL..!!
when you have been thru their offices i wouldnt mind exchanging notes with you ..
kp me posted on your visit and the experience and watch them quote a price at the begining and ooh and aahs ..so sad all are SOLD lines they come up with ..and YET THERE WILL BE A PARTICULAR UNIT WHICH THEY CAN OFFER FOR 40% HIGHER PRICE THEN WHAT YOU MAY HAVE ASKED FOR ..
take an appoinment to save you trouble of an endless wait ..waiting to hear from you !!
Why no visa?
CAN someone in authority tell me when the regulations for obtaining residency will match the current propaganda? They say residence visas for all expatriates who buy property. Well, let me enlighten those thinking of making that investment. There is no procedure for a person to obtain resident visa based on his purchase of property.
All visas are currently sponsor-based and related to holding employment. Or the retirement residency, which still holds that your previous sponsor states that you were employed for 15 years and you, of course, have the ability to pay your way.
Nothing, however, for the expat who has just purchased the freehold. Currently, my wife is staying on three-month period visa, which is renewed by leaving the country. That's the price we pay for investing BD150,000. Please, is anyone brave enough to answer the question?
John
* THE General Directorate of Nationality, Passports and Residence director human resource and finance Nayef Al Sherooqi said: "It appears that the reader is pregnant with some insight and a lot of misinformation about the self-sponsorship scheme.
"The ministerial decree No 74 of 2007 allows the grant of three types of self sponsorships: Property owners, foreign investors and retired foreigners (after completing a 15 years employment in the public or private sector). The purchase of real estate does not automatically guarantee a residence permit. The property owner must apply at the GDNPR for self-sponsorship, fulfiling the following stipulations:
* Property purchased in the foreigner's name should not be less than BD50,000.
* The property owner must also show a credit of BD15,000 at an accredited bank in the kingdom.
* He should show an adequate monthly source of income, not less than BD500, to support him and his dependants.
" The following documents are also mandatory:
* Health Insurance for him and his dependants.
* A good conduct certificate.
* A CPR card (or a temporary CPR certificate).
"It should also be noted that the holder of this type of residence permit or his dependants are not allowed to work in the public or private sectors.
"Lastly, it has nothing to do with being brave for answering a simple question. All that is required is to approach the GDNPR administration, take the necessary information and follow the rules and regulations to obtain a residence permit."
[img_assist|nid=103941|title=.|desc=|link=none|align=left|width=|height=0]
NIL ILLEGITIMI CARBORUNDUM
yeah i miss cookie.........
that was right on target...
____________________________________________________
Have Courage To Live.
Anyone Can Die.
yes, lazydude, i have not been to even one sales office.. but that's what i am going to do this weekend.. so you think lazydude, it's not worth it?
ha ha ha Khanan, Keep him busy, or look after him...whatever... But remembering my cat’s case, don’t let the same happen with my buddy…LOOOOOOOOOOL...
you have not been to even one sales office i bet !!
coz i went to the three major ones.
well at the end of the sales pitch all i was told was everthing is sold , indeed all they have is ONE PARTICULAR ONE BEDROOM ONLY AND THAT TOO I NEED TO DECIDE WITHIN A WEEK OR THE PRICE GOES UP BY 10%..
Imagine the sameline of pitching from all the three companies ..
they were fooling no one ..coz i went to them every one year and heard the same sentences again..
boy if everything is sold why do they put full page adverts in the paper ???
another thing is the single flats available are the ones NOT facing the MARINAS !!!
UAE....to finalize the deal..:)
well the buddy has "many" more ways to keep him buzy..you dont worry about him..
if you want me to look after him so tell me...?
____________________________________________________
Have Courage To Live.
Anyone Can Die.
thanks... i am thinking of it for the last week.. cannot sleep.. cannot decide either..LOL... well i think i will go there and try to get some sense of what's going on there, right on the sites...
Khanan , i think i'll go this coming weekend.. pls, keep my buddy busy while i am away...LOL...
Why don’t you considering buying in Qatar instead...
heard that there are many finished apartments still vacant...because more flats in supply than in demand. Only the premium high-end luxury flats are getting tenants.
Its a perfectly good idea
1) the place is booming
2) the gulf states are attracting MNCs
3) the rent itself will redeem the value at purchase
4) seeing the future plans they have ..WOW..
YET its a thought to ponder
1) on Bank loan it will end up very expensive
2) the Laws of the Land can CHANGE anytime
3) some companies keep the Maintenance charge incremental
which can be un-nerving
4) other various disputes
as in any other investment its risk ,You have to DECIDE
on your appetite for it !!!
may be it fetches you a fortune ..All the best !!
buy in rak al khama, as its a generation area that is now starting too boom and value of property is on the rise :D
thanks guys...
Gypsy, THIS IS my exact concern!! there are soooo many units are going to be built.. who is gonna live there? why? will you be able to re-sell it in 2-3-4 years? this is what i am thinking about...
is earning and saving great..
my opnion: ivestment in real estate with reputed companies in UAE is very wise..go ahead...
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Have Courage To Live.
Anyone Can Die.
I don't think I'd do it. I'd be too worried the bubble will burst and your left with a worthless piece of property in the desert.
Visit www.qatarhappening.com
used to say yer got a free permenant residence visa for life.
HOWEVER, it turns out yer have to pass certain criteria first.
So my thinking is, what happens if yer buy a property, and then cant get a visa...
Maybe something to watch out for !
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NIL ILLEGITIMI CARBORUNDUM
Here is a link for you to check out with some important info, I am trying to locate the one with the incident I have mentioned but no luck yet...
http://www.propertyworldme.com/content/html/748.asp
DaRu, Mr.P, Tiggy.. other 'sharks'.. what is your guys opinion? help poor little girl, who is getting lost in doubts, to decide either YES or NO??
thanks for the valuable input Mis Cat, i will check this point!
Be careful about buying in the U.A.E, I remember reading something about a month back about it, that until a certain document is signed the owner of the property can increase the purchase price even after you've handed over the deposit..
well... I have got the property in my own country. I don't want to buy more there, as the more you buy, the higher taxes you pay, and i definitely do not want it. The question is whether the market in UAE will still go up? or it reached a certain limit yet, and may collapse or so... any thoughts regarding this issue?
better buy only in your home country