Openshore Property Sees 31% Increase in Low Cost Dubai Apartment Sales due to Dubai Property Purchase by Middle East Investors

In the 6 months from January to June 2014, Openshore Property has seen a 31% increase in sales of low cost investment apartments under AED 600,000 (£100,000) to Dubai Property buyers from all over the world, compared with the same period last year. The increase has been driven by buyers from the Middle East.

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Financial Centre

The second Dubai Property Boom is Forcing Buyers to Switch Once More to Non-Prime Areas in Search for Low Cost Investment Property in Dubai.

The latest Dubai Property survey by Openshore Property shows that rising prices in Dubai with lower rental yields in the prime sea-side areas are forcing investors to look inland where property prices are lower and rental yields higher. The same trend was observed when property prices rose in a similar manner in 2006 to 2008.

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Burj Dubai Area 1

Got £65K? – Then Invest In Dubai Property

What’s the Best Way to Invest & Grow £65K?

Here are the top 3 options:

1.     Do Nothing with it – Keep the money in a Savings Account

2.       Traditional Investments – Put into Shares, Pension, ISA, various Funds, or even Gold.

3.       Property – Buy an investment Property in Dubai.

Here we look at these 3 options in detail

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Wide view Dubai Creek

Dubai Property Versus UK Property – Which is Better?

 

Two of the most popular countries considered by International Investors for property investment are the UK and Dubai. Our group companies (Find UK Property and Openshore Dubai Property) sell and manage property in both of these locations, and so we thought we would give you a summary comparing these two options – UK Property or Dubai Property.

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Dubai Financial Centre

Dubai Property News – Dubai Wins Expo 2020 Bid

Today, Wednesday 27th November, 2013  Dubai, UAE was awarded the bid to host the International Expo 2020 Exhibition.

Dubai’s win to host the Expo 2020 is likely to boost Dubai Property prices in the next few years. The “Expo” exhibition is a 6 month long world exhibition that is hosted every 4 years in one world city. In the final round today Dubai competed with Russia, Brazil and Turkey and won the bid. Expo 2020 Dubai  is likely to be the best ever visited Expo due to the location within Dubai which is on target to become the world number one airport hub.

This win will provide a further boost to Dubai economy, tourism and the property market. Property prices are already rising and are expected to continue to grow well for the next few years at least.

Our view is that Dubai property prices that have been steadily growing for the past 2 years will jump up quite sharply over the following weeks due to this news.

 

Meydan Race Course

Why is Dubai Booming Again – 3 Reasons

3 Reasons Why Dubai is BOOMING

The property market in Dubai has now entered an aggressive growth phase with prices rising every month. The underlying causes for this can be summarized as being due to 3 main reasons:-

-Dubai Population Growth

-Big Increase in Tourism

-Return in Confidence

These 3 reasons are explored further:-

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Dubai Airport

Dubai Population to Increase 50% within 4 Years

Out of the current 7.1 million population of the UAE,  Dubai account for about 30% (2.1 million) and is the largest Emirate by population. Although Abu Dhabi is physically much larger, it accounts for only about 25% of the UAE population. The remaining 5 Emirates account for the rest of the population.

Over 80% of the population of the UAE is non-Emirati – ie. From overseas and this figure is set to become almost 85% as most of the growth is due to immigration from other countries. Thus less than 15% of the people in the UAE will be the local Arabs (Emiratis).

The biggest future forecast growth is within Dubai where the population will increase by 50% within 4 years and will DOUBLE within 7 years.

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Dubai Silicon Oasis

Keeping Your Savings In Banks – Is It Wise?

When trying to assess different investments, you have to try to get the best return with the least risks. In this newsletter we make the case that, in the current climate, for many people, ‘ready’ low-cost investment property in Dubai provides the best such balance if you have savings of around £40,000 or more.

In the past, people who did not want to take ANY risks, thought that keeping money in a bank was 100% risk free. Recent bank problems and the current banking crisis in Cyprus,  is a reminder that keeping money in banks is NOT 100% safe.

Nevertheless, overall, keeping savings in most world banks is relatively safe – but it is not wise. However, due to the ‘fear’ factor of doing anything else with their money (as there have been problems with all forms of other investments – shares, pensions, even commodities), most people still keep their savings in a bank.

It’s not wise to  keep your money in the bank because:-

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Sheikh Zayed Road

Dubai Metro Expansion to raise property values

Dubai Metro Expansion Plans

The Dubai Government is pushing ahead with its plans to expand the Dubai Metro Network with the additions of 3 more lines. The current Red Line of the metro has already increased property prices along Sheikh Zayed Road and the Marina areas.

With the extension of existing lines to inland areas and 3 new lines in these inland areas, the net effect will mean that the value of “inland property” away from the prime seaside areas will increase significantly over the coming years – at a faster rate than the prime seaside areas

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Dubai Creek inland

Dubai Property Prices set to Boom

Last year, about 8 months ago, we told you that the 2nd  Dubai Property Boom had started and we were the first company to tell you this.

At the time we expected property prices to rise fairly quickly over the next few years back to peak 2008 levels and then go beyond these before slowing down. This indeed is happening!  Prices are now rising every month.

But Will it be another Boom and then Bust? Continue reading

The Openshore Property Blog