Dear reader,
The crisis around the world hasn't stop the exodus of workers from South Africa. Power cuts, murky political situation, violence, robbery, brutality, corruption are the many reasons executive, skilled workers in finance / IT, bankers, advertising etc...are fleeing the beautiful african country South Africa. This phenomenon has lead to see the property barometer by first national bank to jump to 18% of people selling their houses in October. Hence, a great opportunity to buy property in south Africa at a bargain. The question remain: will the financial crisis around the world reverse the trend - OUT OF AFRICA?
property consultant
dubai property crisis
11/29/08
Opportunity or Disaster - Dubai Real estate Market
Dear Readers,
Opportunity or disaster? Today it seems quite a challenge to foresee the future of Dubai real estate market. Dubai real estate market is an extraordinary market and you need extraordinary measures and solutions.
I look at the market as a great opportunity market with excellent deals soon to come. People are still holding on to their properties even though you can clearly see that lost of them will not make it for the next payment even with a better payment schedule. (for the first time, i received an email from a brokerage house that wants to sell their license, furniture and all...that is quite alarming). Again a good opportunity for the long term real estate brokers.
What do you think? opportunity or disaster?
good day,
propertyconsultant
dubai property crisis
Opportunity or disaster? Today it seems quite a challenge to foresee the future of Dubai real estate market. Dubai real estate market is an extraordinary market and you need extraordinary measures and solutions.
I look at the market as a great opportunity market with excellent deals soon to come. People are still holding on to their properties even though you can clearly see that lost of them will not make it for the next payment even with a better payment schedule. (for the first time, i received an email from a brokerage house that wants to sell their license, furniture and all...that is quite alarming). Again a good opportunity for the long term real estate brokers.
What do you think? opportunity or disaster?
good day,
propertyconsultant
dubai property crisis
11/27/08
New Laws in Dubai - RERA
Dear reader,
Laws are created to protect our rights and assets. The dubai real estate market has boomed since 1999 and lots lots lots of people made lots of money. They took the risk at that time while no rules/regulation was in place and guest what...they are happy investors. But boom, the time has come for a correction and everyone is running again our business (they want their money back or this and that about the law about the country etc...). People/real investors should NOT Panic, they know that market correction was coming and they are still out there hunting for good deal and they are making good deals. The losers are the gamblers, the ones that wanted to flip their properties in no time...guess what it did not happen this time because the market is going through a correction like any other business therefore take it easy on yourself and gather the facts, keep your emotions low and take action accordingly. Don't loose faith in yourself...
propertyconsultant
dubai property crisis
Laws are created to protect our rights and assets. The dubai real estate market has boomed since 1999 and lots lots lots of people made lots of money. They took the risk at that time while no rules/regulation was in place and guest what...they are happy investors. But boom, the time has come for a correction and everyone is running again our business (they want their money back or this and that about the law about the country etc...). People/real investors should NOT Panic, they know that market correction was coming and they are still out there hunting for good deal and they are making good deals. The losers are the gamblers, the ones that wanted to flip their properties in no time...guess what it did not happen this time because the market is going through a correction like any other business therefore take it easy on yourself and gather the facts, keep your emotions low and take action accordingly. Don't loose faith in yourself...
propertyconsultant
dubai property crisis
11/25/08
Real estate recruitment
Dear Readers!
i am amazed to find out that some real estate companies in Dubai are still recruiting real estate agents. I really wonder why? in time of crisis that everyone talks about in dubai, why would a real estate company in dubai hire more agents? i heard that emaar, damac, tameer, nakheel have fired each about 100 to 200 people.
Do you know why? anyone has heard about real estate companies closing business? is there enough round for real estate business expansion?
Would love to hear from you.
propertyconsultant
dubai property crisis
propertyconsultant
i am amazed to find out that some real estate companies in Dubai are still recruiting real estate agents. I really wonder why? in time of crisis that everyone talks about in dubai, why would a real estate company in dubai hire more agents? i heard that emaar, damac, tameer, nakheel have fired each about 100 to 200 people.
Do you know why? anyone has heard about real estate companies closing business? is there enough round for real estate business expansion?
Would love to hear from you.
propertyconsultant
dubai property crisis
propertyconsultant
Jumeirah Village South - Watch out
Dear readers,
As promise, here are the things your should be careful about when buying in JVS - jumeirah village south:
- Select a reputable developer with a solid background;
- Make sure the construction is in progess;
- Visit the site even if it means to ask them to take you there;
- Ensure the price per sqft is around 1000 DHS (too low and you may loose);
- Make sure the bulk of the payment is push at delivery;
- Ask if they have delivered projects earlier;
Keep in mind those points when buying in JVS. I still believe it is a great community, don't loose sight.
Talk to you soon...property consutlant
propertyconsultant
dubai property crisis
As promise, here are the things your should be careful about when buying in JVS - jumeirah village south:
- Select a reputable developer with a solid background;
- Make sure the construction is in progess;
- Visit the site even if it means to ask them to take you there;
- Ensure the price per sqft is around 1000 DHS (too low and you may loose);
- Make sure the bulk of the payment is push at delivery;
- Ask if they have delivered projects earlier;
Keep in mind those points when buying in JVS. I still believe it is a great community, don't loose sight.
Talk to you soon...property consutlant
propertyconsultant
dubai property crisis
11/23/08
Great opportunity in Jumeirah Village South!!!!
Dear readers,
Time in the real estate market in dubai are not easy. However, you the real investors out there know very well that it is time of opportunity. Sellers are willing to negotiate seriously...the time of ego is gone. They are badly in need for cash to pay their other commitments. Therefore, if you are a cash buyer or long term investor, i highly recommend Jumeirah Village South (JVS) because it offers many advantages over other areas:
- location is great: circled by 3 major roads - al khail road, barsha road and emirates road. Access to this major district is very easy specially people commuting from jebel ali to dubai or dubai to jebel ali or even abu dhabi.
- dubai metro available at JVS: if you had a closer look at the master plan, you will notice that the metro (purple line) is crossing the center of jumeirah village south or also called jumeirah village circle. So easy access to other area like jumeirah, mall of emirates, dubai international aiport, dubai jebel ali airport, abu dhabi, deira city center etc...
- Price per square foot: it is a bargain...you can get unit, apartment, town house in jumeirah village south below a 1000Dhs per square foot. You know what, even at 1100-1200 Dhs you are still buying at a good price. Hence, do not over look at this great opportunity in a great project.
- Diversity in a real community: Either commercial, residential or stand alone units...jumeirah village south has it all...you can live, work and enjoy your time in the same community. Remember! easy access to whatever you need is key in a growing city like Dubai.
- Proximity to other great projects: Jumeirah Village SOuth is close the very well know porjects: greens, springs, meadows, dubai sport city, IMPZ, jumeirah lake, arabian ranches etc..and just behind al barsha and mall of emirates. Get you car and drive around, you will be surprise.
In my next post i will take about the watch outs in jumeirah village south...you should make sure you pick up the best in there....Be well and enjoy your day!!
propertyconsultant
dubai property crisis
Time in the real estate market in dubai are not easy. However, you the real investors out there know very well that it is time of opportunity. Sellers are willing to negotiate seriously...the time of ego is gone. They are badly in need for cash to pay their other commitments. Therefore, if you are a cash buyer or long term investor, i highly recommend Jumeirah Village South (JVS) because it offers many advantages over other areas:
- location is great: circled by 3 major roads - al khail road, barsha road and emirates road. Access to this major district is very easy specially people commuting from jebel ali to dubai or dubai to jebel ali or even abu dhabi.
- dubai metro available at JVS: if you had a closer look at the master plan, you will notice that the metro (purple line) is crossing the center of jumeirah village south or also called jumeirah village circle. So easy access to other area like jumeirah, mall of emirates, dubai international aiport, dubai jebel ali airport, abu dhabi, deira city center etc...
- Price per square foot: it is a bargain...you can get unit, apartment, town house in jumeirah village south below a 1000Dhs per square foot. You know what, even at 1100-1200 Dhs you are still buying at a good price. Hence, do not over look at this great opportunity in a great project.
- Diversity in a real community: Either commercial, residential or stand alone units...jumeirah village south has it all...you can live, work and enjoy your time in the same community. Remember! easy access to whatever you need is key in a growing city like Dubai.
- Proximity to other great projects: Jumeirah Village SOuth is close the very well know porjects: greens, springs, meadows, dubai sport city, IMPZ, jumeirah lake, arabian ranches etc..and just behind al barsha and mall of emirates. Get you car and drive around, you will be surprise.
In my next post i will take about the watch outs in jumeirah village south...you should make sure you pick up the best in there....Be well and enjoy your day!!
propertyconsultant
dubai property crisis
11/20/08
YES it is official, Dubai Property Market in CRISIS!!!!
hello,
YES the Dubai property market is in crisis. I have two reasons to say so:
1 - Banks are not lending any money to real estate company, brokers, agents etc...
2 - Dubai property market is standing still.
There are many factors that you may have read in the papers that indicate the above:
- Land owners have been given a new payment schedule;
- Developers are reviewing their client payment schedule;
- Developer are canceling or holding on new projects;
- Banks are not loaning anyone int he business;
- International investors are holding their investments in the country;
These are only few of the points that i have picked up...many are still hiding. My insights are saying that more issues will show up in the near future. Price will drop even lower!!!!
However, i highly recommend to investors NOT TO PANIC...more about it later.
Be well, property consultant
propertyconsultant
dubai property crisis
YES the Dubai property market is in crisis. I have two reasons to say so:
1 - Banks are not lending any money to real estate company, brokers, agents etc...
2 - Dubai property market is standing still.
There are many factors that you may have read in the papers that indicate the above:
- Land owners have been given a new payment schedule;
- Developers are reviewing their client payment schedule;
- Developer are canceling or holding on new projects;
- Banks are not loaning anyone int he business;
- International investors are holding their investments in the country;
These are only few of the points that i have picked up...many are still hiding. My insights are saying that more issues will show up in the near future. Price will drop even lower!!!!
However, i highly recommend to investors NOT TO PANIC...more about it later.
Be well, property consultant
propertyconsultant
dubai property crisis
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