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
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