quote:

Originally posted by tidyfinance:
Here's a question for everyone.......why is it that the Irish seem to lead the way in getting to the holiday hotspots first? I believe this is a fact, fair play to them, but it baffles me as to why this is. Contacts in the building industry maybe?? What does everyone think?

Italians are first everywhere, they are better informed and faster.

Then Germans and Dutch.

The before last are Irish and the last are British, everybody makes a profit on them.

Typical!
YOU'RE not Italian by the way are you?

well gents, the way i'm looking at it is I got 55k cash so either ill buy a place in uk or put it toward the flat in SC. with all these developments Im not sure if we all will get tenants and everyone will want to sale on in few years so the supply will ve more then the demand and i dont want to lose 80k. If I want to sale this flat now I'm not sure anyone would buy it. any thoughts on agents that would sale it?

quote:

Originally posted by tidyfinance:
Typical!
YOU'RE not Italian by the way are you?

No, I am not. But I know the story of Morocco, Cape Verde, Egypt, Turkey. Italians were first everywhere.

Germans were first in Spain and Italy.

Brits were first NOWHERE! They just purchased overpriced houses and were happy about it.

quote:

Originally posted by MAAT:
well gents, the way i'm looking at it is I got 55k cash so either ill buy a place in uk or put it toward the flat in SC. with all these developments Im not sure if we all will get tenants and everyone will want to sale on in few years so the supply will ve more then the demand and i dont want to lose 80k. If I want to sale this flat now I'm not sure anyone would buy it. any thoughts on agents that would sale it?

Why don't you wait 1-2 years and then you can purchase at discount prices? This year and next will be the years of real estate recession.

Hi, i have invested quite heavily in DSC , there are alot of different opinions on investing there. I feel if you talk to the right people and know the facts this place is the place to be , rental returns , capital growth, resells etc.Here is some info


Infact, Middle East Economic Digest in a recent report (Khaleej Times, published on August 14, 2005) says that supply of houses in Dubai is CRITICALLY LOW and the number of flats needed by 2010 will hit 320,000. This means 54,000 flats must be built each year. We are well behind this!

As well, the government is releasing very limited land for development. This has a major implication on the real estate market.

Dubai is currently sitting on a huge budget surplus. Additional federal revenues from premium oil prices allow the UAE government to limit the sale of land. Its focus is clearly not to ‘add to already good revenues’ by sale of more land, but in building investors confidence in current projects and improving infrastructure

Also keep in mind that the population of UAE is growing enormously. 40 to 50 companies register with the Dubai Chamber of Commerce every day!
Just a few months back a population of 3.5 million has swollen to 4.6 million in no time. All these people need homes to live & offices to run their business


(a) The quality of life: An environment that ENCOURAGES you to stay fit and healthy….where you wake up to a morning cup of tea and watch youngsters jogging outside your property. As well, the pride and prestige- being next door to David Lloyd tennis academy and Butch Harmon Golf Academy, Manchester United Academy etc!

(b) Uniqueness: It is the only sporting city in the world. Potential venue to the 2014 Asian games and the 2016 Olympics. Being the sporting activity hub of the world and with sporting events all year round the area is already attracting significant investments.

(c) Demand supply: Dubai Sports City is planned for decongestion. There are no high rise towers (save for one office tower and one hotel tower). Most residential buildings are 10-12 storys only. Total number of residential apartments= 22,000 approx Vs 70 to 80,000 professionals who would be working in Dubai Sports City. Add to this an unique 1.5 million sq ft Sports Mall, over 7 international schools, spa’s, 14 sports academies…rents will naturally be at a premium. There is limited space & Sports city will thankfully, never be overbuilt!

(d) Real Estate appreciation: Residences that are surrounded by Golf courses generally sell at a premium. Add to this the branding of the biggest academies, 70% open areas composed of landscaped gardens, golf courses, jogging tracks and lush green open spaces and a robust theme that ‘ties this all together’. In our professional experience such properties appreciate 2-3 times faster than the market.

(e) Timing: Dubai Sports City is currently ‘very under-valued’. Not many investors are aware- just yet. With media publicity and promotion of academies world class academies & a forma Olympic bid real estate in this city could transform like East London.

If you would like the details of the company i use just let me know, or if you need any adive also

I'd be interested in knowing which companies you deal with, i.e. which builders / property companies and which agents both for buying and selling, thanks

I use a company called world wide frontiers

They only deal with credible developers , main one they use is memon real estate they have sold over 28,000 units worldwide.

The Diamond appears to be a very good deal, especially if looking for a pure rental income generation scheme. Whilst they allow for 4 weeks personal use, far better to give the whole 52 weeks over to rental income to maximise returns. It does appear at first sight to be a little on the expensive side, however the qualities you get are secon to none. Fully furnished apartments do not usually come with everything from knives and forks to music systems and plasma screen TV's. In the rental market, I cannot see the development not attracting the lions share of rentals,as tere is no other project of the same quality to my knowledge in Sports City. As for a rental guarantee - definitly not. Rental returns predicted up to 17% per annum, however this is not guaranteed, and as Investing Abroad says, much more likely to get 12 to 15% per annum through the scheme. Still a very healthy return. I believe it is a sure fire winner. As for purchases direct from the developer, I would prefer to use an agent - it costs the same, and you get that extra bit of clout if, heaven forbid, there are any problems. If a real estate agent has sold 20 units in a development they are more likely to get a good response that a single investor who has just bought one unit.

Property invest - the company must be very very good - as I have noticed that you keep singing their praises in just about every investment forum there is. wouldnt happen to work for them by any chance???

can't get into the worldwidefrontiers!!!! but have used property services plus in process of buying in Sports City - everything pretty smooth so far.

Have you got sorted out yet MAAT?

Hello gents,

Well I have stoped paying for my flat after the initial 30k. I just dont feel comfortable spending another 50k in DSC as I already bought a flat in London. I lost 30k but such is life. I asked key2dubai to advertise this flat but I don't have any high hopes. Anyone knows any other agencies that would advertise my flat?

Regards MAAT

MAAT if you sell on you won't have lost £30k. Good luck. Let us know what happens.

I used UPAfor the purchase of an apartment overlooking the Cricket Stadium where I can hopefully catch some of the action. Decided against The Diamond as I want to have the option of using the property for longer than 4 weeks, and did not want to invest quite so much money at this stage. I am sure that even If I change my mind and go for the BTL market that I will be able to pick up some good rental income. We shall see.

Hi, ive purchased at Canal Residence West, DSC. Has anyone else or if anyone has any news or views please could they let me know. Thanks !

Great site - should be very easy to let a place there on either a short-term or long let. DSC is going to be huge in a few years' time when Dubailand kicks in along with all the sporting events. I reckon it's a good buy. Have you looked at skyscraper city yet? More information and gossip there than anywhere else!

Cheers FWS, i've looked on the Skyscaper sight, thanks !

hello all i have bought in sports city in the stadium view building anyone else done the same, the developers are profile europe and all has gone really well so far, has anyone seen the site. i just thinkl you cant go wrong witrh sports regarding golf cricket and the rest i am definite that people will come.steve

Did you ever go for the First Homes Diamond deal - has anyone else gone for it recently with any feedback for a potential investor?

hi everyone.i am new to forum.found it great help!i ve bought a 1 bed apartement in canal residence west on the med.tower.anyone else bought there or got any news?

see my post above dm10. I'm on the 13th Floor of the Venetian Tower !! as previously suggested skyscraper city is a good websight for info. Understand updated photos of DSC will be in the next newsletter.

thanks mk01.i've looked it up,no updates yet though!may i ask if you ve received your contract yet?had to wait for mine over 6 months though!

yes received our contract with no problems, dm10. Any further questions feel free to ask !

mk01 i am visiting dubai next month,is there anything you recommend i should do there to get any updates about crw! and can i ask where are you based? thanks mk01.

dm10 too be honest im not in position to give out any recommendations !!! I simply went out there in November last year and thought the potential of this place was such that i ended up buying an apartment when I got back to the UK !! I live in Manchester. If your going next month then the obvious advice would be to see if you can go to the sales site and try and have a look around ! Perhaps take a digital camera with you and take some photograpghs and add them to the DSC Forum on the Skyscraper websight.

I am interested in your post because I've been considering Dubai. Not too sure who are the better people to deal with though. All advice gratefully received.