Thanks CMY ,
My access is working again, I think there was an issue due to multiple IPs and Mobile access while my vist to Pakistan.
I will keep in Touch with brothers though I am bit busy in Ramdan
Overseas Pakistani Adv replied on Wednesday, July 8, 2015 05:24 PM
Jameel Sb;
Where do you recommend to invest in Pakistan ? Regardless of investment ...
Secondly what do you say about new easy payment launches in UAE?
Where do you see more secure and healthy gains as you have good insight about both markets ???? |
flex-01 replied on Thursday, July 9, 2015 08:00 AM
It would be good to evaluate UAE investment, as property prices are down by 10% or so. Jameel Sb, require your input on this |
dubai replied on Thursday, July 9, 2015 08:08 AM
im also interested in buying in danube project of 1 percent installment plan..kindly shed some light on pros and cons @ jameel sb |
Overseas Pakistani Adv replied on Thursday, July 9, 2015 11:08 AM
bit skeptical about what is happening around.. Else there is no better time to invest... However, one has to seriously consider all the facts.. |
Ahmet replied on Thursday, July 9, 2015 03:08 PM
Dubai property is down due to 3 reasons:
1. Strong US dollar (Dirham is pegged to the USD) - making Dubai property less afforable compared to Euro or Canadian Dollar properties.
2. Weak oil prices
3. Yemen war and the ISIS situation
However, 'in my view' all these three factors combined were able to shake the property market by 5-10% which means the fundamentals of the Dubai property market are much stronger now compared to the 2008 crash.
I believe USD will weaken and both the Oil and Yemen crises are temporary and steadily improving already. These developments plus the Expo2020 will increase the property prices by at least 30% by 2018. Lots of jobs coming to the Dubai market in related to hospitality, engineering, IT and sales which will create a lot of room space demand. Even the massive supply influx wont be able to fulfill it as dubai property market is known for finishing projects very late.
I have a few properties in Dubai and can have an offline discussion if you want. |
