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.
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:-
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
Why Some Customers want ‘Off-Plan’ Property
We are frequently asked about ‘off-plan’ or ‘under-construction’ property with good payment plans. Developers promote such properties at high prices but with the attraction of payment plans spread over 2 to 3 years. Currently such properties are typically premium 1-bed units costing over AED 1 million (£180K); or larger even more expensive properties for future own use. Due to the payment plans over 2 to 3 years, the properties seem affordable and good value to investors.
Whilst there are some good off-plan projects being launched, buyers still need to be careful.
You will remember in our “Dubai Property News” bulletin in April 2012 that we predicted significant price increases due to supply/demand we were seeing first hand in the property market (despite the corporate ‘analysts’ at the time still predicting further price reductions – their information is always out of date)
Our belief now is that the 2nd Dubai Property Boom HAS Started. And please remember – We told you this first!
Top 10 Questions About Dubai property
Here is a list of the most popular questions asked by customers looking to buy a low cost investment property
1.Why are prices rising in Dubai?
After massive drop in 2008/2009 and relatively stability for 3 years prices are now starting to rise. The 3 main reasons are:-
-Dubai Population Growth (50% increase in next 4 years)
-Massive increase in Tourism
-Return in confidence to Dubai
Click the link below to view the Panorama Map in your browser. Take a look at this AMAZING view
Dubai Panorama Map –The Burj Khalifa Pinnacle Panorama – Click Here
This shows you a 360 degrees view of Dubai from the very top of the Burj Khalifa. You can Pan and Zoom (High res) and see virtually any landmark in Dubai. In conjunction with the Property map you can relate different property areas to key visible landmarks. Although some areas are in the distance you can zoom in.
Click on the above link to view the Map. You can use the mouse or arrow key to pan and zoom
Openshore Dubai Property Map
Please email us to request the new Openshore Dubai Property Map. This is a pdf files that gets updated regularly and is not on this site.
If you are looking to buy a property in Dubai, you should spend some time looking at the Property Map and reading the information below.
The Map is on two A3 sheets and is divided into 4 pages. “Old Dubai” is at the top of pages 1 & 2. The rest is sometimes referred to as “New Dubai” and is shown in pages 3 & 4 and bottom of pages 1 & 2. Overseas buyers can only purchase freehold properties in the “New Dubai” areas. See below the following sections:-
1. Dubai Property Map Summary
2. All Property Areas by Type of Property
3. Property Price Trends & Actual Prices
Following the price crash which happened over one year ago at the end of 2008, many are wondering if Dubai will ever recover.
Now at the beginning of 2010, Dubai prices are rock-bottom and there many different views as to what is likely to happen. One view envisages Dubai prices remaining low for 2 to 3 years before a recovery that would see prices gradually returning to the peak 2008 levels by 2015. This is summarized in the chart below and is the most likely outcome in our view.
However, others think that recovery may actually start at the end of this year with prices growing again in 2011. Generally most forecasters do not envisage prices going down even further from the current very low levels.
The past 12 months have been worrying for many Dubai property investors. Property prices have fallen by over 50% and many off-plan projects (for which customers have typically paid 10% to 40% on a payment plan) are severely delayed and on hold.
Here is the Timeline