Dubai Property Insight

In UK law as long as you haven’t exchanged contracts (signed a contract to buy) you will only have lost the reservation fee. I imagine this would still apply to an overseas purchase if you are a UK resident.

I was just wondering if Dubai or the UAE in general is a good place to find cash buyers for US real estate rental properties that offer super low purchase prices and high monthly incomes? I understand there’s lots of disposable income in the country.

Doesn’t China already own most of the US?

I’ve been working in UAE real estate property business for 10 years and worked with many online property listings websites but have never seen anything like http://www.beeyoot.com/
What is your favorite website for advertise your property for sale in United Arab Emirates?

There are many decent portals catering to the dubai property market and to name one would be unfair. However, there is a dearth of information and latest news on the Dubai and adjoining areas property market. One good website that I depend on for latest news if http://buildwellconstructions.info. The news is latest and written clearly making it easy to understand.

Hope this answer helps!

Cheers,
Russel

Hi.
If you have a credit notes for sale in dubai properties please do kindly contact me any time for more information. Potential buyers are awaiting.
Tim
00971 50 1877712
timonya@mail.com

Dear for this see http://tiny.cc/kx1ic
Keep using answers.yahoo.com

Unfortunately, unless you are a citizen you have almost no rights in Dubai so there is no enforcement available to you.

You have learned the painful lesson that it is a good idea to do your homework before parting with money. You can talk to the property developer but he has probably lost his funding.

I have just watched the programme Homes from Hell about properties in dubai which some of them werent even built when buyers were conned from purchasing them which I felt sad about. But I would like to ask did Dubai exist for a long time which less buildings etc or was it just a plot of land with no name or a dessert thanks. And is it true you cant throw rubbish in the street as you would be fined spot on. Where over here you get away from it very often. Thanks.

Dubai was a fishing port before the discovery of oil. As regards to rubbish, I believe you are referring to the tourist area of Dubai when you mention fines if you throw rubbish in the street. To start with the throwing of rubbish in the street is not a good deed be it Dubai or anywhere you visit in the world. I am in favour of fines for those who litter.

I have just watched the programme Homes from Hell about properties in dubai which some of them werent even built when buyers were conned from purchasing them which I felt sad about. But I would like to ask did Dubai exist for a long time which less buildings etc or was it just a plot of land with no name or a dessert thanks. And is it true you cant throw rubbish in the street as you would be fined spot on. Where over here you get away from it very often. Thanks.

Before Dubai got caught up in its very rapid expansion it was just a desert. In 1966, oil was discovered in Dubai, which changed the country beyond recognition and led to Dubai becoming the vibrant, modern, business-centred city-state it is today. In 2006, upon the death of Sheikh Maktoum al-Maktoum, his brother, Sheikh Mohammed bin Rashid al-Maktoum became Emir, having been de-facto ruler for a decade & is also credited with helping to force Dubai’s rapid expansion.

Records of the area where the emirate of Dubai is situated are very rare for any period before the 18th century. During the expansion of the Sheikh Zayed Road between 1993 and 1998, remnants of a mangrove swamp were uncovered which were dated to approximately 7000 BC. It is thought that by about 3000 BC, the coastline had moved seaward sufficiently towards the present-day coastline and the area became covered in sand. As it became more inhabitable, Nomadic cattle herders used the area to live and herd in. The date palm, on which the shape of the Palm Islands are based, began to be grown locally in 2500 BC, and was the first instance of the land being used for agricultural purposes. The herders worshipped the god Bajir and various evidence suggests links to the mysterious Magan civilisation, who it is thought controlled the copper trade of this part of the ancient world. For the next about 2700 years there are no more details, probably because of the desertification of the area, until the area came under the control of the Sassanian Empire, the last pre-Islamic Iranian Empire, in the 3rd century. Recent excavations of the Jumeirah area of Dubai have unearthed a 6th century caravan station suggesting the area was sparsely inhabited during this period. The introduction of Islam in the 7th century by the Umayyads, regarded as the first Muslim dynasty, ensured the religion of the area remained Islam until the present day.

we have purchased a shop in 2009 in a mall in Navi Mumbai, the deal was not direct

from builder, its a pre ownered shop.

The salesman never brought the owner in picture, the cost of the shop was decided

by salesman, he demanded 45% black money as if it was the expectation of the owner

thus we agreed and paid 45% black to the salesman and 55% in cheque favor of

Present Owner of the shop.

The sale deed, franking, stamp duty and all the required formalities were done

legally, it is mentioned in the sale deed that the property has NO DUE whatsoever,

and even the same is communicated by the salesman that the property is free from

any due.

we tried to lease out the shop but we didnt got any taker, so the shop was closed

till date, however when we got a taker, we made rental agreement and allowed to

use the shop - only by now we came to know the shop had no electricity supply,

the previous owner had not paid the electricity bill since before we purchased the

shop and thus the meter is Permenently Disconnected.

when we reported this to salesman he said, he is unaware of this fact, we suspect

he knew it as he must have recevied the bill and the defaulter notice in his

office. however to get the electric meter reconnected, we had to spend Rs. 9800/-

and now the power is working.

secondly when the new tenant was renovating / doing interier furniture work, Mall

Management Team came and closed the shop shutter, demanding to pay all the

maintenace due, which was again pending for previous owner about Rs. 32000/-. when

we approached the management to ask why they never sent a notice to us informing

the same, they say, we are not the present owner of the shop as they have only

information about the previous owner from whom we purchased.

They say, previous owner is not responding to calls and notices, and since they

don’t have any update of our information they have never contacted us.

when we contacted the salesman, he pretent to act like he is not in India, he

either never picks up call, says he is on leave, sometimes says he is in Dubai /

Qatar for his sister wedding.

Moreso he said, he will recover the previous owner’s due amount and will return us

in full. and later he said he received the cheque from previous owner but there is

some mistake in the cheque so he is awaiting for new cheque, then he informed us

he had paid the cheque in his head office for our shop, when we enquired at

accounts dept of thier office, there is no payment made.

later on he paid us a cheque of his bank account with amount Rs. 32000/- and

didn’t wrote the date in it. and said right now he don’t have money, so asked us

to keep this cheque as security and once he receive the money, he will handover us

and withdrew the cheque from us.

It was agreed between us and salesman during the time of purchase that the expense

of shop transfer will be born equally by previous owner and us, so we paid our 50%

cost which was fixed amount Rs. 18400. we paid this amount in cheque in favour of

the Management. he returned the cheque after 4 months and said, he want cash not

cheque, and due to his pressure we paid cash for which we received receipt as

well. however still he had not transfered the shop in our name, when we asked

about this, he said he recevied a DD in favour of management for our shop which he

will handover to management in few days.

Now since it had been a big pain running behind this and the salesman is

frequently changing his words, what are the options we have to take legal action

against him.

please advice how i can recover money from him and take legal action agaist him.

Unfortunately this law basd on the law of India and I have no idea on how you can take legal action.

Offcourse as every one knows I was let down by Emaar and they are not renewing my property visa ..hence the cheapest way for me is to create a company in RAK and obtain visa .. My question is .. How will this affect my life In Dubai ? Problems wih car registration ? Problems with bank account ?

There are not too many restrictions but there are. You can have any emirates’ residency and you can live throughout the UAE, but you will have to do all your documentation procedures from your concerned emirate. You have to open bank account in RAK but you can access it throughout the world, like that in all respects.

A very well spoken Egyptian gentleman with good command of English and proven sales record is now seeking a position due to his British Employer having problems with recession.Good references available.He is smart, attractive, young, dignified and frankly very impressive PR person. Ideal for corporate, tourism, real estate, property management etc. Please write to me at royal175@yahoo.com if you have any positions available. Sadly he was due to get married but has delayed this in light of his employment search. Is quite happy to work overseas in Arab speaking countries.

Well, I think that you better search your career in real estate as it is the most paying one in uae and also real estate agents operating in Dubai, Abu Dhabi and else where are getting higher commission than other fields and if you are interested in working as a rel agents then you can contact top real estate companies in UAE at http://www.bayut.com/agents.html and here you can browse for real estate agencies in all states of United Arab Emirates offering higher commission and salaries than competitors.