Dear Sir / Madam,
I am an agent who is dealing in Dubai Real Estate. I have details of good investment opportunities in Dubai and in Northern Emirates such as Ajman.
If you are still interested and want to know about the ongoing projects in UAE please let me know.
I have an Ongoing Projects in which if you invest USD 600,000 you will have guaranteed return of USD 200,000 in 6 months.
This project is direct from the developer and they will give you in written (Legal)to return your money as said above.
Hope to hear from you soon.
Have a good day.
Hemant
Quote:
Originally Posted by John Smith  Ok,
I intend to stay in Dubai for at least 3 more years, maybe more.
If I renew my rental it effectively costs me 7500 per month.
I figure that I can buy something for about 700000 (1 bed in discovery gardens or similar) and finance it over 5 years (in UAE) for about 12000 per month.
Obviously over 5 years this means I spend about 300000 extra on accomodation. But at this point I will have a property to sell and as long as it's worth more than 300000 then I am in profit. If it's maintained it's value (700000) then I am 400000 in profit (not to be sniffed at).
Basically my question is - why are so few people doing this? I have been here 1 year and know very few people who have bought. I am certainly not a finance expert but this seems a no-brainer to me.
What are the potential pit-falls etc.
Has anyone else done this recently and if so how is it working out?
THanks in advance. |