Originally Posted by pedro_9k6k

Hi people,

This is just some basic info if anyone is thinking of investing into the Dubai property market.

You should always get information about various projects. Many people had made lots of money from communities such as The Greens, Springs, Emirate Hills, Jumeirah Lake Towers, Dubai Marina etc.

2 big places to invest in at the moment are Jumeirah Village (South), and Business Bay. Jumeirah Village is hailed to be the next Springs and Greens, and all of the Villas and Townhouses are completely sold out. The apartments are still on sale and are considered a good investment for rental and resale. Obviously you have to invest wisely. The cost of construction is always going up.

Business Bay is still open to lots of investment options. A lot of people are asking questions about infesting into Business Bay and their have been a lot of confusion in the market. Basically only smart people are investing into Business Bay. It is going to be the future business hub of the Middle East, and is right next to the tallest tower in the world - The Burj Dubai.

When choosing a property, do not make the mistake of thinking that you can make some quick cash. That boat sailed a few years ago. You can still make some fantastic money but you need to be ready to give the go ahead straight away when an excellent opportunity arises.

I would advise newcomers to invest with a few to keep their money in the chosen project for at least 1 to 1.5 years. If an opportunity comes to make a sale within that time and make some quick money, then consider it as a bonus. Do not assume that you can liquidize and make a profit after 3 months (although it can be possible).

When choosing a project to invest into, always look at all the aspects and find the weakest link. The main factors are:

Developer - are they strong? Will they complete it? Does a bank back them?
Location - Is it in a good area? Easy accessibility?
Finance - Backed by a major bank? Easy repayment terms?

There are other factors, but the ones above are quite important.

You need to decide if you want to invest in commercial or residential property. It is good to inset in both but I think that you will find the smart people investing into commercial projects. This is because a lot of foreign companies are setting up HQ's in Dubai. Try and find a vacant office on Sheikh Zayed Road, and it will be near impossible. And the prices are quite high. You can invest in residential but that would be wise if you are getting a good deal or if you are actually looking for a place to live in after the place is completed (personal choice).

If you want more info then post a reply on this thread.