| Re: Lake Shore Tower - To sell or hold? -
29-08-2008, 05:22 PM
Hi all, there is no question in my mind but to HOLD ON to the property!! You see Dubai is a virgin market, new territory, new business capital, residential haven for retirees and young people alike. Duabi has one thing that many countries dont have. Best of both worlds...with style!!
There is only one way this market is going....UP! Nevertheless, every market, whether it be housing, commodities, shares and securities etc, they all have one thing in common....they go up as well as down. But these market go up or down in a cyclical fashion i.e over a certain period of time. For e.g. the property market historically has a crash every 20 years. Dubai is far younger than this. So there is room for much growth. Also, if you look at the rental income on for Dubai they far exceed expectation. For this property you would expect to receive around £30k-£35k per annum. If you have financed this property then you will still be making around £1500 per month....that's excellent positive cashflow. It is extremely rare (almost impossible) that rental rates reduce during a property slump period. As housing growth slows, credit tightens, people rent more and rents increase.
Which ever you are looking for, Capital growth or Rental income you have best of both world here. You can only win!! |