| Re: Jumeirah Village the best place for investment -
18-10-2008, 10:42 AM
As a personal investor, I have bought many units in Jumeirah Village South in residential sector. I would say, it is a best place in invest, as my property prices been appreciated upto 45%. Still not looking to sell, as I know like others that economy is not treating us well, but still if we would notice one thing, that investing in properties is much safer than investing in any other fields. E.g. Gold, oil or something similar where investors can easily make huge profits, but IT IS RISKY. Even investing in UK or US is a big mistake, but in DUBAI, if we look at the past till upto now, property is prices never went down. Still on these crisis prices are stable, not aprreciating and not depreciating but in the future maybe in couple months of so, the prices will shoot again. My point of view is to invest at this period of time where market is not growing at the moment but it will provide up to 20% of return within your second installment. The propery I have bought from is Memon Investment LLC. One of the big developer in Jumeirah Village South with five projects, the fifth project is Gardenia V, which I m interested in buying now. As I have bought already many units from this developer in Dubai Sports City and Jumeirah Village South very good resell in the market but still I m holding few units for more premium looking in January.
Everyone says that economy is falling sharply but if you have been reading the gulf newspaper, than it was a big article few days back that all banking sectors are 100% backed up by government, so in my view their is no possbility that the global crunch would effect UAE. UK and US banking sectors are normally backed up by 60% but UAE banking sector 100%. Very positive side of DUBAI.
In short, best place to invest at this moment is DUBAI and personally recommend Jumeirah Village South. |