Wednesday, January 28, 2009

Before you Buy Property in Dubai Check the Market Status

Apartments, villas and suites constructed by some of the most prominent property development houses in the UAE are listed in the SkyDome Properties directory- Nakheel, Damac, Eternal Star, Emmar and Rak to name a few. 

These houses and UAE commercial properties speak of quality construction and engineering and can prove to have high returns in the future largely due to the location in which they are constructed. However, as an investor there is one vital factor you need to observe before making an investment. 

Consider the Dubai real estate investment market for the past decade. It will help you decide how to allocate your funds and determine the best time to buy property in Abu Dhabi or elsewhere in the Emirates. 

Veteran real estate investors may be positive about the Dubai property investment market, but it would be fool hardy to risk money without understanding the dynamics dictating such a situation. You might as well rent UAE properties (the rents have cooled down lately). 

Dubai real estate investment professionals are already predicting a shaky year for property investment in Dubai and from the look of things, Abu Dhabi properties could suffer as well. 

So before you get excited about the low price of many UAE properties, take time to get a professional opinion and make your decision accordingly. SkyDome Properties can help you out with market analysis, mortgage options and property selection besides helping with a host of different issues first-time homeowners face. 

Image Credit: partycja

1 comment:

Anonymous said...

Dubai International Convention and Exhibition Centre from February 15th to 17th, Aim 186 Real Estate reports.

Representatives from Thailand, Spain, South Africa, Bulgaria, Egypt and the USA will all be present at the show, which gives developers the opportunity to target potential investors and inform them of opportunities that are currently available in the real estate market.