Your Personal Property Investments & The UAE Real Estate Market
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actually there have been so many threads about specific questions on specific properties like towers.
in my opinion it has become too much and a lot of double threads have been created.
this is why i go for a new sticky thread in which everybody is welcomed to ask our members about their views on specific property, private investment ambitions and the property market in general.
in my opinion it has become too much and a lot of double threads have been created.
this is why i go for a new sticky thread in which everybody is welcomed to ask our members about their views on specific property, private investment ambitions and the property market in general.
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I initially invested in off-plan property with Azizi, 3 years ago, surprise surprise the project was cancelled.... I had to transfer my investment to another project with said same developer at a loss, and even that's been delayed by over a year.
To top that off the value of real estate has decreased significantly (albeit a global issue), as supply continues to increase in UAE... With demand failing to match up.
We'll see if the sector ever recovers, because fundamental changes in policy (immigration + off-plan developments) need to be implemented in order to stimulate growth within real estate.
To top that off the value of real estate has decreased significantly (albeit a global issue), as supply continues to increase in UAE... With demand failing to match up.
We'll see if the sector ever recovers, because fundamental changes in policy (immigration + off-plan developments) need to be implemented in order to stimulate growth within real estate.
I second this, if I had the chance to start over I would not have invested in Azizi, across multiple different projects... Their project in Victoria has been unofficially cancelled, and they constantly fail to deliver on deadlines...
They are going to need to produce something pretty special in Riviera for me to change my mind.
They are going to need to produce something pretty special in Riviera for me to change my mind.
Bottom of the market? you do realise there are still tens of thousands of units expected to come into market supply within the next year... with COVID being the catalyst for the decreased demand.
Very optimistic of you, however.
Very optimistic of you, however.
Alot of off-plan projects have structured payments plans, whereby the money is directly paid into an escrow account... so yes, the investor is protected unless they have paid the developer directly.
Permanent residency, public relations, press release, papa roach.... Nobody knows, its provocative, it gets the people going.
Apparently there is an influx of Israeli investors appearing on the market... A market in which they've been excluded from up until now.
Perhaps they've been waiting a long time for the opportunity to do so.
thefrontierpost.com
azizidevelopments.com
Israeli investors eyeing real estate business in Dubai - The Frontier Post
Individuals and Israeli institutions are willing to invest in Dubai real estate once the two countries will finalise details to establish diplomatic relations in coming weeks. As the UAE and Israel are holding talks this week to finalise details to set up diplomatic ties following the...
thefrontierpost.com
Azizi Developments’ Creek Views II is selling out rapidly to
Israeli nationals make up 30% of Creek Views’ proud new homeowners, while another 30% are UAE nationals, followed by 20% Saudis. The rest of the unit
azizidevelopments.com
Dubai offplan property buyers find missing installments come at a steep price
Even paying Dh1m or more is no guarantee for buyers with missed payments
gulfnews.com
Funny that developers can demand installments, but when handovers are delayed by a number of years, they face no repercussions...
Welcome to investing in UAE off-plan property.
How do you mean its overpriced? If the demand is outweighing the supply, then that should reflect in the price... surely.
Another issue is that developers are using the COVID pandemic as a "force majeure" as per SPA... to justify construction delays and avoid paying any penalties/compensation to customers.
That's an indication of the high-end luxury market.... not the overall market being 'nuts'.
There is still oversupply, with thousands of unsold off-plan units soon to come on the market.
There is still oversupply, with thousands of unsold off-plan units soon to come on the market.
Found this quite informative, its the legal steps required in order to obtain a refund for any delayed/incomplete projects.
fb.watch
How to terminate a SPA and claim refund? | How to terminate a SPA and claim refund? #SalesAndPurchaseAgreement #SPA #SPATerminate #RealEstate #Developer #Dubai #UAE | By Suits Legal | Facebook
406 views, 9 likes, 0 loves, 2 comments, 3 shares, Facebook Watch Videos from Suits Legal: How to terminate a SPA and claim refund? #SalesAndPurchaseAgreement #SPA #SPATerminate #RealEstate...
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