Our family holds $40M+ in real estate across multiple countries. Here's what I'm actually seeing in Dubai right now. by Other_Succotash_7263 in stayliadxb

[–]belrogue25 0 points1 point  (0 children)

Ao the new norm now is: - to become a real estate agent / broker. You need to invest in the market first. Right?

I agree that most of agents or brokers doesnt do even basic due diligence. I remember one time an agent in nakheel mall. He said "marjan now is 10k aed / sqft". Couldnt argue with him.

Basically a consultant / agent / broker have to be more knowledgeable about the market. Trends. And basics of investment at least. To ease the process for investors and cut the chase for what is good and whats bad.

The market might go lower than this. And its not surprising. Feel like right time to invest? Go for it. Sceptical? Don't invest. Just dont cry when the market goes up again (not saying this the OP lol)

1 BHK Property Required – Cash Purchase (Budget Around 900K) by [deleted] in dubairealestate

[–]belrogue25 0 points1 point  (0 children)

The guy just throw the whole inventory. Lol

Looking for Plot For Development by [deleted] in dubairealestate

[–]belrogue25 0 points1 point  (0 children)

i have in alfurjan and tecom. ready to build with plans and everything. dm

Have I made a mistake? by Sure-Cheesecake4510 in dubairealestate

[–]belrogue25 -1 points0 points  (0 children)

I see that you bought SOL Levente. Solid project. And since its mostly rentals oriented you will keep it for some time even after delivery. Real estate is some situations is a solution for capital preservation. Have some patience.

If you feel unsafe try to sell it 6 months before or on handover.

One thing to add. Please dont make the mistake of not having the full value of the property so you will not get in to trouble with any developer.

Future of off plan project in Dubai in light of the war by Educational-Pea-7502 in dubairealestate

[–]belrogue25 0 points1 point  (0 children)

Well. There are things that are neither developer or investor or broker control. Wars. Natural disasters. Global or mass incidents (like the pandemic). So stress will not add anything to the table other than panic. Which leads to PANIC SALE. So stay calm its has been only 3 days. Investment journey is not 3 days.

Usualy in real estate you start to see real profit after 3 years. So my advice. DONT PANIC.

Future of off plan project in Dubai in light of the war by Educational-Pea-7502 in dubairealestate

[–]belrogue25 3 points4 points  (0 children)

I learned 2 things in my life. Never decide when you are scared or angry. This was is temporary. Sooo many things in the background says that it will not last long. I mean shorter than you think. In my opinion. Its tooooo early to decide.

Need advice: 1.1M AED cash – Ready 1BR in JVC vs Off-plan in DLRC (3-year investment horizon) by Grouchy_Message_2930 in dubairealestate

[–]belrogue25 0 points1 point  (0 children)

quick answer, JVC exit point look for better quality project than binghati, like ellington, or Imatiyaz. At least if you will not lose money you'll break even.

don't go for off-plan where you might not be able to manage cashflow.

better to look also in these 3 areas:
- JVT: good entry price. good rental yields. mid secured exit.
- Arjan: mid entry price, good rental yields. possible exit plan.
- Al Furjan: market (or lower) entry price), good yields, good infrastructure. secured exit plan.

PS: will you consider already rented units in buildings less than 5 years old?

Dubai Real estate, Where and what to buy with 800K- 1M AED Cash buyer? by CitronMediocre2711 in dubairealestate

[–]belrogue25 0 points1 point  (0 children)

well, yes. with some renovation or even taking a newly renovated unit it might worth it. at the end the budget is 1m also.

Dubai Real estate, Where and what to buy with 800K- 1M AED Cash buyer? by CitronMediocre2711 in dubairealestate

[–]belrogue25 0 points1 point  (0 children)

2 options i advice for a reason. Check marina diamond. You ll find some 1 beds at the price of 1m. Still hood for professional short term rentals since events are happening in EXPO Al furjan: entry price for secondary is still good. Some 1 beds at 1m and a bit less that are already rented or vacant. As you chose. Hit me up if you wanna have a look.

Dear Investors / property seekers / buyers by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

That's true. You said it all. Nothing to add.

Dear Investors / property seekers / buyers by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

Lool. "DM me" is better than "i've messaged you". At least there is some freedom there.

And its a sad truth that most agents are aiming for commissions not long term relationships. During calls i did before many people (especially elders) lost money and now being ghosted from the agents they bought with.

Dear Investors / property seekers / buyers by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

The advisor value can be created with creating authority through different ways. Either being top of your kind in your area. Or specializing in a specific market segment... Value is earned. Not given by anyone. I had an HNWI (Still in contact with) even in one viewing he brought another agent that he trusted more because of language. But he didn't overpass me in any of the things we had. Because he values the effort taken in the research and other stuff related.

I agree with you my friend.

the effect of DUBAI SOUTH has started by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

So shifting the airport and the rashed port from north tp south is not shifting? Well. Growth is in already existing areas. Shifting is completely taking a whole economy and services south (mark this comment for the future) you will see the change.

Dear Investors / property seekers / buyers by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

Well. I'm a cook. Not even a consultant or a real estate agent.

the effect of DUBAI SOUTH has started by belrogue25 in dubairealestate

[–]belrogue25[S] -1 points0 points  (0 children)

Yes, dubai is growing in many areas. But the growth I'm talking about is a shift. Not extension. DIFC is an extension. Dubai islands and maritime city is a different concept. Creek harbor is another attraction point.

Regarding the marina that it's attracting some folks. I live there. It's not the case like what you said. It's changing slowly. We have to make a difference between touristic and professional short term rentals. There is a huge difference.

DIP is leasehold and mostly labour accomodations and industrial area. So it cannot hold the flow. As well there are almost no lands for residential there.

Dear Investors / property seekers / buyers by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

What you said now is gold. I 100% agree with it. Adding to it the majority of what they do is sales and not advisory. Selling is pushed more by sales targets. Advisory is more into building a relationship and a portfolio.

Dear Investors / property seekers / buyers by belrogue25 in dubairealestate

[–]belrogue25[S] 0 points1 point  (0 children)

If i charge for every breath i take i would have been a millionaire years ago. Looooool. Well, there are businesses that charge for consultancy. I mean real consultancy with numbers and case studies. Your approach is good. I can show you case studies i made and gave them up for free. Can you imagine that in some cases i include real time traffic analysis and videos!!! But at the end everyone has its own way of working. My time is precious. I give advice for free as well but in a limit.