Property Investments
Grapeshisha is advising people interested in investing in property in the UAE to invest in real estate in fantasy games like Second Life.
There are people in China who play these fantasy games all day long and then sell the stuff they earn for real money on e-Bay. In fact, there are even reports from China of people murdered for their virtual property.
Meanwhile, the alternatives in the UAE remain as terrifying as ever. From the time, several years ago, when Emaar starting selling empty sand while Nakheel sold empty Gulf for 30% down, and no history of freehold in the UAE, to today, when prices are up by more than 300% and the buyer must put 80% down before the villa is completed.
Since the actual costs were covered by the old prices, and since the UAE has lots of sand and lots of Gulf still available, it's hard to see how current prices can be sustainable. Emaar had to cut its dividend.
And, perhaps scariest of all, the local newspapers report that the demand for property is so great that prices can only rise, and the developers can only continue to mint money.
Meanwhile, the big developers have raised their asking prices by 50% just in the last four months; however, it is not clear if they are actually selling property at these prices.
So Grapeshisha is probably right, that, right now, fantasy real estate is probably a safer investment than UAE real estate.
There are people in China who play these fantasy games all day long and then sell the stuff they earn for real money on e-Bay. In fact, there are even reports from China of people murdered for their virtual property.
Meanwhile, the alternatives in the UAE remain as terrifying as ever. From the time, several years ago, when Emaar starting selling empty sand while Nakheel sold empty Gulf for 30% down, and no history of freehold in the UAE, to today, when prices are up by more than 300% and the buyer must put 80% down before the villa is completed.
Since the actual costs were covered by the old prices, and since the UAE has lots of sand and lots of Gulf still available, it's hard to see how current prices can be sustainable. Emaar had to cut its dividend.
And, perhaps scariest of all, the local newspapers report that the demand for property is so great that prices can only rise, and the developers can only continue to mint money.
Meanwhile, the big developers have raised their asking prices by 50% just in the last four months; however, it is not clear if they are actually selling property at these prices.
So Grapeshisha is probably right, that, right now, fantasy real estate is probably a safer investment than UAE real estate.
posted by Dubai@Random at 5:14 pm
5 Comments:
ebay.ae is totally unaffiliated with the other ebay sites around.
We should know our duty as an agent of property investment. Now, we must continue on finding some techinique on how we can change our ways on marketing the business. But we should be careful about that, it doesn't mean that all of the things that we use to do will be changed. Pick the things that is not effective and gives a negative outcome on our business.
Real Estate Investment Australia
I should say that in any business, there are risk we should avoid. Know all this things. We should know that things we should and not. By that, we can be able to continue the things we are planning.
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Try to learn things before investing. Its the most important part of doing business and be successful on it. Everyday in our life there is an information we can learn. Its our choice if we use it as an edge for our planning stage of establishing our business.
I would like to share some information about Real Estate Investment just click here to Learn more.
A lot of people draws the misconception that when they invest on real estate, they probably or will get a BIG profit right away. Many real estate school do not suggest right away in some of their shared e-books that property investments takes some research and consideration on the factors that affects it before finally deciding to invest on it. Still it will take time in order for you to get its return of investment
http://property-investment-mackay.blogspot.com/2013/06/4-steps-to-making-money-with-real.html
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