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Old April 18th, 2017, 10:20 AM   #36721
shotcaller
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Quote:
Originally Posted by cguria View Post
Anybody looking to buy in this market should be looking at not 6% but 8-10% yields on properties (apartments) that checks all the boxes of location, build, layouts and views. This may seem very difficult with premium properties but from my experience if you look hard enough and wait this is attainable.

Good to be back after a very long break from SSC - looking forward to discussions, giving updates on projects around Dubai and to answer your questions!

I've just started listening to some podcasts that discuss the global economy, www.theinvestorspodcast.com is one of them and very good information!
Are you referring to gross yields or net yields. I think its important to make that distinction as service charges usually account for 1-2% of the rental yield
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Old April 19th, 2017, 07:54 PM   #36722
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Guys, i am getting my unit handed over, i still need to pay 50%, i am a US citizen, what are good banks to get mortgage

Rama
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Old April 24th, 2017, 08:55 PM   #36723
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Quote:
Originally Posted by shotcaller View Post
Are you referring to gross yields or net yields. I think its important to make that distinction as service charges usually account for 1-2% of the rental yield
8% net or 10% gross is good IMO
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Old April 24th, 2017, 08:57 PM   #36724
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Originally Posted by ramki007 View Post
Guys, i am getting my unit handed over, i still need to pay 50%, i am a US citizen, what are good banks to get mortgage

Rama
Are you a UAE resident with a local bank account?
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Old April 25th, 2017, 09:49 PM   #36725
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i am not UAE resident and i dont have any bank account
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Old April 30th, 2017, 11:21 PM   #36726
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Personally I see Dubai as being dead where real estate prices are concerned.Alot of people made alot of money 10 years ago and alot of people also lost alot.

Prices are up,down,up,down with not much sign of the kind of stability you find in the west but then again Dubai is so different.Thousands of units are getting delivered plus the population is very transient so how can the market ever mature and become stable.

Personally I bought a couple of units in DSO 10 years ago and have watched that area grow and grow with now a newly announced Mall which will have 300 outlets plus entertainment.It's a city within a city and seemingly a great place to live however this doesn't seem to have a positive effect on prices.Lucky for me the £ has crashed so selling now in Dubai for me makes big sense because I live in the UK although I'll be sad not to have that link to Dubai anymore.

Instead I'll sit back and fingers cross will hope that Dubai becomes the amazing city it threatens to become and look forward to all the amazing projects getting finalised.Then again Dubai will never become 'finalised' becomes my guess is they will always build until they run out of land.
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Old May 1st, 2017, 12:16 PM   #36727
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What amazing projects.....?

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Old May 3rd, 2017, 12:22 PM   #36728
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What amazing projects.....?

I've seen plans for a new Costa Coffee in the marina.
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Old May 6th, 2017, 10:15 PM   #36729
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When I first starting posting here something like 10 years ago with another profile this thread was going all day long every day.Now it's like a ghost town.
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Old May 15th, 2017, 07:25 AM   #36730
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Anyone recommend me where i can sell some sea view land in bulgaria
its a place called biala near varna
thxs
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Old May 16th, 2017, 10:15 AM   #36731
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Quote:
Originally Posted by Green Hornet View Post
When I first starting posting here something like 10 years ago with another profile this thread was going all day long every day.Now it's like a ghost town.


I check in very rarely now - seems that all the excitement has gone.
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I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg The phaonmneal pweor of the hmuan mnid! Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer inwaht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Amzanig huh? Yaeh, and I awlyas thought slpeling was ipmorantt.
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Old June 6th, 2017, 09:36 AM   #36732
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Qatar impact

I feel the Qatar issue will have huge impact in Dubai Real estate. I feel the whole middle east becoming unstable now.

Any Views ?
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Old June 8th, 2017, 02:57 PM   #36733
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Quote:
Originally Posted by avion1 View Post
I feel the Qatar issue will have huge impact in Dubai Real estate. I feel the whole middle east becoming unstable now.

Any Views ?
I am beginning to think so too, people won;t want to invest if the Qatar situation does not resolve soon, people will not want to live in fear of a potential conflict
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Old June 15th, 2017, 09:48 AM   #36734
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If the huge tower fire in London was indeed down to the cladding then whoever decided to install it obviously wasn't watching live Sky coverage on Dec 31st 2015 of the fire at The Address.They were also unaware of the other fires.
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Old June 15th, 2017, 05:55 PM   #36735
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Quote:
Originally Posted by Green Hornet View Post
If the huge tower fire in London was indeed down to the cladding then whoever decided to install it obviously wasn't watching live Sky coverage on Dec 31st 2015 of the fire at The Address.They were also unaware of the other fires.
Maybe they did ,....but did the give a toss?

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Old June 20th, 2017, 11:32 AM   #36736
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Grenfell tower in London was owned by the local council and managed by a committee consisting mainly of public servants. A classic case of a local government agency being so unaccountable and useless that they become criminally negligent.

No sprinklers, no fire hoses, no fire action plan, no emergency action plan for alternative accommodation, probably no insurance, no control or monitoring of the occupancy of the building (reports suggest all apartments were over occupied and even were sublet illegally to unregistered immigrants)

The reaction after the fire was also quite bizarre to watch and clearly media fueled. Can you imagine such criticism of Dubai being tolerated in the UAE media following all the cladding fires which have occurred. Don't recall anyone calling on the Sheikh to come down to the scene of the fire, hand over loads of cash and hug everyone. Disgusting media behavior in the UK! So disrespectful of the Prime Minister, who has to run a country, not micro manage a tragedy.
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There are none so blind as those who won't see.

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Old June 20th, 2017, 11:50 AM   #36737
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Seems Qatar's woes are not about to end anytime soon. I wonder how many Qataris own property in the UAE and are now banned from residing there.

http://www.bbc.com/news/business-40338220
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Old June 20th, 2017, 05:21 PM   #36738
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Quote:
Originally Posted by True Blue View Post
Grenfell tower in London was owned by the local council and managed by a committee consisting mainly of public servants. A classic case of a local government agency being so unaccountable and useless that they become criminally negligent.

No sprinklers, no fire hoses, no fire action plan, no emergency action plan for alternative accommodation, probably no insurance, no control or monitoring of the occupancy of the building (reports suggest all apartments were over occupied and even were sublet illegally to unregistered immigrants)

The reaction after the fire was also quite bizarre to watch and clearly media fueled. Can you imagine such criticism of Dubai being tolerated in the UAE media following all the cladding fires which have occurred. Don't recall anyone calling on the Sheikh to come down to the scene of the fire, hand over loads of cash and hug everyone. Disgusting media behavior in the UK! So disrespectful of the Prime Minister, who has to run a country, not micro manage a tragedy.
Theresa May visited the scene but forgot to talk to affected people. Next day she sends her junior to talk to locals, however too late. Day after May visits again and get boo'd into her car.

Which bit was disrespectful for you?

Shes an incompetent introvert. I dread to think her negotiating the future of UK.
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Old June 21st, 2017, 12:08 AM   #36739
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I agree with True Blue. It's predictable that people will look at all angles to vent their anger and the PM is always a good target.This fire had nothing to do with Teresa May yet she seems to be the one getting all the flack.So many ignorant people shouting at her who should look for the real culprits.
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