Investors return to UAE real estate, says survey

Posted by: Andy Sunday, 8 July 2012 8:26 AM[UAE] - USA

Article states that propert prices crashed in Duai due to financial crisis which is false. They fell due to local rules,regulations,high community/association fees and fact that that they did not give buyer and their immediate family members residency which was told to buyers at beginning so everyone sold at the end upon finding out all the surprises when units were being handed over. Let's not distort real facts of why real estate market in Dubai crashed by blaming it on the international financial crisis.

Posted by: Vicky Monday, 25 June 2012 10:57 AM[UAE] - Canada

I would like to take exception to the statement "report shows that UAE investors are failing to take appropriate professional financial advice". I have learnt with personal experience that the 'professional advice' is not available any way. If at all available in some form, it is incompetent, ill-informed, devoid of fundamentals and geared to rip you off without any scruples. Lack of consumer protection mechanism is a perfect breeding ground for consulting practices which are designed to lead you to the gorge, you footing an attrocious management fee for your own disaster story. Advisors are no angels of mercy anywhere in the world and out here they go up a few notches. No surprise at all that the consumer is safer using one's own better judgement.

Posted by: Dunhill Saturday, 23 June 2012 3:42 PM[UAE] - UAE

Only "stupid investors" can trust the real estate market in Dubai again! Why harshly saying "stupid"? Because if you do not learn from harsh lessons then you are bound to be stupid! The real problem is not the RE market depression, which is the case in most of more advanced countries, but rather the lack of transparency, understanding and willingness to take steps for recovery and support. Current buyers from certain countries have one aim: getting an access outside their own countries in form of visas or tax-free investments or even hiding their assets. Buying a property in Dubai is a breathing space from them which cannot and will not be considered as a sustainable investment. Therefore, Dubai RE market will continue its current unstable status.

Posted by: max Sunday, 24 June 2012 12:08 PM[UAE] - USA

EXACTLY WELL SAID!!!

Posted by: mama Sunday, 24 June 2012 12:08 PM[UAE] - uae

very well said Dunhill

Posted by: Benny Hill Sunday, 24 June 2012 10:27 AM[UAE] - USA

agree with this statement.

Posted by: steve Saturday, 23 June 2012 12:38 PM[UAE] - UAE

For the past 2 years I keep reading same report of property prices
in Dubai are going up and it is a great time to invest. Guess
what, it keeps going down because supplies exceed demand and
it is still above actual value. Do not be fool of these marketing
reports. At best, the property market will be leveled to actual
value which we still above that mark.

Posted by: Andy Sunday, 8 July 2012 8:25 AM[UAE] - USA

Only a new fool will believe these reports. Those newbies that just came to Dubai from neighboring countries that have problems. These reports are timed to hit the news media and to target newbies with money that they left their country with so that they can buy real estate in Dubai.

Posted by: mama Saturday, 23 June 2012 12:37 PM[UAE] - uae

NRI are out there in the Indian Property show and almost all of them have the first target of investing money in property back home. and on the other hand majority of property buyers here are Indians and Iranians, so if Indians are going back home and Iranian currency is flatted, then who is buying the property here?