Hi John

According to me, that has always been the case with the local investors / buyers in Dubai. I feel that almost the entire property market in Dubai is being driven by foreign investors. But hardly any of the expats living out there have bought anything for their own use.

My uncle lives in Dubai, and he's been living there for the last 30 years. Even he's not bought anything there. When I ask him why, he says that he does not really trust the government enough to pump in so much money and ensure that it stays secure. One of the biggest fears that expats have in Dubai is the visa.

Since visa's are renewable every 3 years, there is no guarantee that you get a visa! Of course, it's unlikely that they will turn around that just kick you out, but it can happen! A lot has to do with the confidence in the laws and regulations more than anything else.

Lastly, future values are something else to go by. Ok, so far, everything has been hunky in Dubai, but that may not be the case in the future. As far as I'm aware, there are no proper surveying procedures or valuation methods that ensure what a property is worth, unlike the UK where you have RICS certified bodies.

All said, if you're gonna be there for 5-10 years and can afford to buy, I think you should take the plunge!!

Just my 2p!!

Good luck!!

Hi John

I have been involved in selling property in the UAE from inception and also the perception is real that most expats have not invested and that foreigners are driving the market to a large degree, expats who can afford to invest are now taking the plunge, and that too mostly in the Northern Emirates due to a sizeable ROI on their investment. We have found that many are speculating and have yielded beyond their expectations. The attraction for local Expats is definately not the residence visa but the returns.

So if you need any assistance please and reccommendations, contact me as all of my stock is directly from developers, means no commission payable by the Investor.

Thanks & Regards
Alexie

My rent runs out on Nov 11th. At this point (ideally) I want to move into a purchased apartment.

Budget around 800000, which will be 90% financed by dubai islamic bank.

I'm interested in Jumeirah Lake Towers or similar.

Anything there Alexei??

Hi guys,

I wanna buy some properties in commercial area of UAE. Somebody please suggest good located land in UAE!

I have full floors in JLT commercial some retail outlets
Please call
0507535636

HI,Im Rania. What do you think about Ajman? Not far from Dubai, comfortable, you can buy the whole floor for your commercial use

Hi there! Im Rania. Can suggest you some ideas from jumeira village.

Hi, there, would you like to take smth in Jumeira village?

You can choose between Down Town Burj Dubai, Bissness Bay, or Ajman