SHOULD I BUY DUBAI PROPERTY NOW OR WAIT?
This is a dilemma for many potential buyers. Caution suggests a wait-and-see approach might deliver a bargain in a market correction. Many people who did not buy Dubai property two years ago are already feeling sorry for not investing then.
Now the question is: Have prices now leveled off? Or will they go up further? There seems no reason to believe that prices will stop rising, although perhaps not as rapidly as in the past two years. The argument for waiting longer only holds if there is a market correction coming in the near future.
The problem with real estate downturns is that they can be elusive. They do happen eventually, but that could be five or ten years away – particularly for a carefully strategised and planned economy like Dubai . Moreover, in that time somebody living in Dubai will have paid a fortune in rent as they definitely are rising every year. Indeed, this rent could have been much better spent buying property.
However, with the outlook for equities and bonds not too bright for 2007, it is hardly surprising that many choose bricks-and-mortar as a solid investment. House prices are also still at very reasonable levels by international standards. A similar home in a top sports complex in London would be around 3 or 4 times as much!
WHO ARE THE OWNERS/ PROMOTERS OF DUBAI SPORTS CITY ?
Dubai Sports City is a Joint Venture between three large groups: Bukhatir Group, Falaknaz and Zarooni group of companies.
BUT- SPORTS CITY IS FOR SPORTS….WHY LIVE IN A SPORTS CITY ?
This would depend if you intend to live there or if you are interested in investing
Investing:
- Dubailand ( Dubai version of Disneyland- the area where Giovanni Boutique Suites is located) is the fastest growing leisure and business district in the region. Sports city is the first phase of Dubailand
- Being one of a kind boutique suites, fully furnished & equipped, and located in an area of prime activities, the property could rent easily.
- The attraction of big brand names such as Manchester United, Butch Harmon Golf Academy , David Lloyd Tennis Academy , ICC cricket academy
- Sports city will be the sports & leisure epicenter of the entire region hosting not just sporting events, but also concerts and large events- translating to year-round business!
- Added value of a healthy lifestyle & superior quality of life for tenants
- Excellent renting options: short to medium term rentals for holiday makers/ long term rentals for people working in Sports city etc.
Living there:
- Most prestigious address with International brand name schools, spa and fitness centres, walking tracks, restaurants, shopping malls, gardens and recreation facilities
- Boutique living with all modern amenities
- Campus-like environment
- Green area, pollution free
- Unmatched Quality of life: 30% of community consists of construction (no high rise towers), and 70% consists of landscaping and open areas. The only other place in Dubai that offers this is the Al Barari villas (prices start from 3 Million Euro onwards)
- Very safe community. Great place to raise your children
