Is Dubai Real Estate in a Bubble? Warning Signs and Predictions

Подписаться 84 тыс.

Просмотров 65 тыс.

50% 1

Is Dubai real estate a bubble about to burst? Or is it still a good time to make an investment? What is my take on this topic and what am I planning on doing?
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
------------------------------------------------------------------------------------------------------------------------------
Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.
Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.
At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.
With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
..........................................................................................................................................
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
🌎 Visit our website:
offshorecitizen.net

Опубликовано:

13 окт 2023

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 301

@user-xr6zm8cx6r 5 месяцев назад

I saw the Dubai boom of 2006 fall of 2009, again boom 2012 fall 2016 and boom again 2021., what it tells that those who have holding power and have patience you will end up in profit there no such place like Dubai. There is a charm in this city attracts you.

@Jordan-wg6gg Месяц назад

Yes amazing charm of no history and cheap builds from exploited labour.. lovely!

@maamir4 8 месяцев назад

Hello from Canada. Great Analysis. Exactly the video I was looking for. Honest & objective analysis on Dubai RE market and not a typical FOMO sales video.

@OffshoreCitizen 8 месяцев назад

Appreciate the support! Anything you'd like to see next?

@realestatematedxb 2 месяца назад

Looking for reasons NOT to buy in Dubai, and you will find them. Look for reasons to buy in Dubai and you will find them. He has nothing to gain from making this video and if you buy or not, so I appreciate him as a creator. Interesting to see Canadians market share in Dubai is increasing. Must be the 45% tax? OMG yes FOMO videos are cringe.

@RomilCPatel 8 месяцев назад

One of the big issues in Dubai is that there is virtually unlimited supply. In Hong Kong for example there is a limited amount of land and regulations make it so that builders have to go through a lot to build out more supply. Compare that to Dubai where there is a vast amount of land and little regulatory hurdles stopping builders from building out.

@HoDLum 8 месяцев назад

Exactly!! I never understood how the prices are going up so much where there is so much construction going on. Personally I think this is unsustainable and the bubble will burst hard.

@btc1m654 8 месяцев назад

Location is scarce. Properties far faraway from the center are extremely cheap whereas properties in the palm or downtown area keep going up

@nomadclient4047 8 месяцев назад

Dangerous to buy in Dubai now, Michael deserves thanks for warning us when other channels just want your money. 💰

@coolrunnings5383 8 месяцев назад

It also depends on the vicinity of the area … for example, USA has vast amounts of space, but NYC is limited.

@niallmcdonagh1093 8 месяцев назад

Having lived in the Gulf for 30 years I can tell you that Dubai is a massive Ponzi scheme. Built by slave labour for a nepotistic Islamic elite in an unliveable hot and humid climate...and yet suckers are drawn in every minute...mankind is truly laughable...

@hmubtakir 6 месяцев назад

Thank you for a realistic assessment and presentation so that those interested in investment can make informed decisions as the bubble is due in the market

@HoDLum 8 месяцев назад

This is exactly the video I was hoping to see.

@OffshoreCitizen 8 месяцев назад

Glad to deliver 😄

@md.fakhrulislam285 6 месяцев назад

100%agreed.

@samfweil 2 месяца назад

Finally an honest answer! Appreciate it

@TheBetterkhan Месяц назад

this is exactly i am hearing for last 25 years, property prices correction are normal thing everywhere. people from india and pakistan particularly gets benefits anyways as their currencies keep declining on certain pace. more then 200 projects were handed over in 2020/22 and the same point of view was at that time too but dubai is proving everyone wrong every-time.

@michaelionita 7 месяцев назад

Finally an honest video about this topic. Appreciate that thank you 🙏

@OffshoreCitizen 7 месяцев назад

A pleasure! What are your thoughts?

@speedfreak9717 8 месяцев назад

Great video ! Good to see you again

@OffshoreCitizen 8 месяцев назад

Thanks! Glad to be back 💪🏻

@user-kv2th9cs7t 3 месяца назад

great info. thank you

@OffshoreCitizen 3 месяца назад

Always a pleasure! Anything you'd like to see next?

@RideAsil 7 месяцев назад

Thank you for your video 👍👍

@OffshoreCitizen 7 месяцев назад

Welcome 👍 What would you like to see next?

@_FredCo Месяц назад

Very interesting point of view.

@rupjolly 8 месяцев назад

Good video! You laid it all out really well...

@OffshoreCitizen 8 месяцев назад

Thanks! What are your thoughts?

@MauricioTassara-su4mx 3 месяца назад

Great insightful video. Do you have a similar view on the Abu dhabi TE market ?

@Teatime9800 8 месяцев назад

18.6 year cycle in play from 2026...it's amazing how property cycle works

@MikeTPDubai 7 месяцев назад

I'm living through this here in Dubai!!! The bubble is caused by the dirty money being laundered through property, it's that simple. The dirty money doesn't care how much it degrades as long as it's cleaned and can buy other properties over seas. This place is a washing machine!

@ericpetersen8155 7 месяцев назад

Will the dirty money run out? Nope….

@OffshoreCitizen 7 месяцев назад

There's always been dirty money in Dubai but there hasn't always been a bubble in Dubai. This is more than just dirty money, it's demand that rose in excess of supply and it's speculation layered on top of that

@ADAM-fy8ht 2 месяца назад

I love ❤️ it , your comments were very sincere. 👍

@ADAM-fy8ht 2 месяца назад

Excellent comments

@42Laj 2 месяца назад

I had considered moving there but changed my mind. The recent floods shed alot of light for me. They have no drainage systems! Also, the cloud seeding. If an earthquake or something happened there, it would be absolutely horrible.

@ussamaalkaissi2994 5 месяцев назад

Informative video. So you believe, we should postpone buying till 2025 when the market dips?

@Drushen07 4 месяца назад

The difference in this market , is that investor don’t use debt as leverage as in western markets. Developers are also very liquid and don’t need sales to fuel development of next phases. This means an investor can hold out much longer to get the price they require for the units. The end user mortgage buyer situation is different limited supply at the moment , increasing rental prices and increase property price. Newer units have much less SQM BUA relative to older complexes but are expensive in the ready market.

@markuswunsch 4 месяца назад

Another important thing to consider is that a nice home is just that but if you want to do business as well then you should look at the economic infrastructure in Dubai too! This said, I know quite a few centimillionaires and billionaires who own property in Dubai and some of them even live there but they all have kept their family offices and startup HQs in other places like NYC, London, SF,... so while rich people are moving there, their businesses often do not and so Dubai is primarily a luxury second home market! And no Dubai will not be able to solely survive on just fancy - and in my eyes often tacky - real estate projects and insta models and youtubers....

@realestatematedxb 2 месяца назад

A bubble forms when the Economy is stagnant and real estate prices continue to go up... you're spot on, one cant really analize a bubble purely on supply... like he did here. Also, tacky projects are real😂

@masoodrazaq 2 месяца назад

This is sober analysis based on facts and well grounded skepticism. I have been an investor/owner in Dubai and seen massive swings in supply/demand and prices over several cycles since 2007. If you own off-plan and things go sour, it is a legal quagmire to get your money back or sue the developer for breaches. The fallacies of most analyses are overestimating immigration and demand. Even if there are huge population growth plans in D33, it doesn’t mean that they will materialize. Best bet is to buy ready property at reasonable prices in good locations or scarcity factors such as seaview, central location, with few similar units (small projects) etc. These should hold value and hopefully grow at a reasonable rate.

@VinwapGames 8 месяцев назад

Agents tried to sell me the apartment telling he can list it the very next day for 30% more and wait for next buyer because prices will go up for sure within a year. And that's why offplan are selling out within hours of launch. Most of the off plan market is pure speculation and will be the cause of Dubai real estate market correction

@OffshoreCitizen 8 месяцев назад

Exactly

@amirsnags8663 3 месяца назад

What properties are the best to purchase for personal use in terms of value for money? Also is there a hedge against real estate bubble in dubia?

@luigipanza9898 4 месяца назад

Thanks for these valuable considerations! Instead of purchasing properties for flipping, what about considering short-term rentals? This could match a higher demand for travelers in Dubai because of work, tourism, etc.

@khalidumar3834 5 месяцев назад

Great insightful video, very hard to find such information, internet is full of real estate agents who always say its a good time to buy

@OffshoreCitizen 5 месяцев назад

Thanks! Always happy to provide authentic opinions and advice. What are your thought on the topic?

@RussianPlus 5 месяцев назад

Dubai has too much construction going on, and there is no shortage . Real estate agents are trying to sell new projects. Because they get a commission . But once you buy that, it’s really difficult to sell it because there is no shortage of new apartments. Too much construction. Too much supply.

@barbarasara4033 4 месяца назад

Thank you so much. I never knew it.

@alamgirbaig6080 3 месяца назад

Which country is good for moving and investment.

@xhabbisgoated 3 месяца назад

That’s correct it hard to resell the property

@user-gc1bf9wt2m Месяц назад

Depends on which areas!!!

@saintstyle 8 месяцев назад

Hey Michael, thanks for the long awaited video! Would love to hear your opinion about the war in Israel in regards of its possible affect on UAE? 😢

@user-lr2ie7tz6t 4 месяца назад

Rich Palestinians might come. Poor not allowed in dubai

@piusamulraj8358 Месяц назад

excellent , when all projects come together even rentals will go down , over supply.

@pak74x 8 месяцев назад

Address Downtown studio now seeling for 1.8mil AED was offered below 1mil AED offplan some 17 (+-) years ago. That gives you about 3-4% yearly appreciation longterm with big swings.

@realestatematedxb 2 месяца назад

You find what you look for. Few interesting takes on the information you wanted to share. Objective or Subjective. There's an interesting time ahead for sure, and what if nothing you said transpires, what if this market is in its infantsy stage. What if the population actually doubles... I appreciate transparency in content and you did your best here. Making folks aware of possibilities, but what about making people aware of the opportunities as well...

@georgep1358 7 месяцев назад

Great video and very informative ,can I ask are these luxury penthouses and apartments actually selling ?

@OffshoreCitizen 7 месяцев назад

Yes they are they recently had a record $140 million sale

@darrengrant7762 4 месяца назад

The transport infrastructure also can't support the housing market growth too at the moment

@mohammedusman4970 3 месяца назад

From an end user point and reading the news frequently and following dxb RE analysis like this, I'm feeling that prices will go down in secondary market in 2026 and I think that will be best time for an end user to buy a property through bank mortgage or cash in the secondaey market. Emaar and Damac are the top developers for retaining the property value.

@robro8 5 месяцев назад

this was such a nice, smart, intuitive explanation of how to evaluate things like this from a macro lens. thank you.

@OffshoreCitizen 5 месяцев назад

A pleasure! What are your thoughts?

@vikastalekar2002 7 месяцев назад

Even after property not appreciate… rental cash flow should give good returns in 7/8 years … sell it after on same price. 800k 1bhk should give 60k rent each year. Location close to metro should help on getting rental . Just thought

@mh1137 Месяц назад

One parameter that one should look at also is the number of families coming to settle and live in Dubai... And currently it's booming ! The number of russian families in particular increased significantly. I am impressed also to see Malls full ! The inflow is massive. I visit Dubai since 10 years now and I have never seen that before ! Lots of people buy to live here now. The current social and political trends in Europe + War tensions + risk of taxation on Deposits in Europe (they work on that...) works in favor of Dubai imho

@RomilCPatel 8 месяцев назад

Are you aware of any publicly traded builders or REITs that focus exclusively on Dubai real estate?

@ruhelmiah2133 5 месяцев назад

What if u want to buy to do air bnb?

@dejanbulatic2895 Месяц назад

What about Marina, Jbr, Jlt? Are they good places to invest for the longer term due to the rent and limited supply? The market will always go up and down, but I feel those areas will always be popular for tourists with small regard for what is happening with the market at large in Dubai. Also, the supply is limited in those areas, not many free plots left. What are your thoughts?

@luramb4 4 месяца назад

Fully agree, developers and agents are creating FOMO by promising generous capital gains for 2026-2027, but the large number of properties available by that time suggest the opposite. That feels like the end of an accumulation phase to me and I think prices will start dropping as supply will overtake demand.

@bbrebozo6417 8 месяцев назад

Didn’t the sheik also issue a rule on off plan real estate sales to restrict the frequency of suspended projects? A lot of those in Dubai. If I were going to immigrate into Dubai I’d want a visa that isn’t attached to real estate.

@td97hde 5 месяцев назад

During the last property boom in Dubai, many of the developers went bust and ran away from Dubai due to price and some even stopped developing for 10+ years to get back during the recent years to finish the property. People have a short memory and we will see the same again as you drive to Palm there is an unfinished building that the developer left in 2009 and it is so damaged that the government has been ordered to demolish it people who invested in that property never got their money back and lost there investment. the said the same for property use will go up for EXPO 202X and which did not happend and the current project does not support the usage which will crash the property market again.

@abdulwahabkayani9607 3 месяца назад

US and Canada don't provide the security that dubai does and the lifestyle.

@JulianaKung 3 месяца назад

But what if we factor in the gaming/hospitality giants that are entering Dubai? Would you not consider that would propel demand and prices? That was what happened in Macau and real estate prices quadrupled.

@kk3528 8 месяцев назад

Dubai real estate is super super bubble and will fall like a knife.the price of property is super hyped through marketing firms and paid gurus who do lot of marketing leading to this bubble

@OffshoreCitizen 8 месяцев назад

What are your predictions?

@mariannybejarano5340 4 месяца назад

Yes to even make the situation worst, they are hyping with information like the new casino , new tallest building etc so people get fooled into the off plan purchases

@alexandertraveler510 4 месяца назад

Not sure if I agree totally. A lot of supply is in the not expat areas which expat people don’t want to live. Unless there is a big new marina coming I don’t see much increase in high end demand

@emmadavis9039 26 дней назад

It's called Dubai Creek Harbor

@zubinwarden7888 8 месяцев назад

What’s the name of the crypto OTC in SINGAPORE

@TheGreaterBenefic 4 месяца назад

As a person who survived the 2007/2008 crash... I am convinced that this time around the crash is going to be waaay worse. Its not the right time to buy for sure.

@samsadeniz 4 месяца назад

Same goes for stocks

@melsenbabe 8 месяцев назад

Thank you for the super interesting and candid video Michael! As I'm sure you are aware, the exact dynamics you describe in the pre-construction market are currently unfolding in Canada. The major difference between Canada and the UAE is that in the case of the latter, the "collateral" of their human quantitative easing program is of much more pristine quality. I hate talking about human being in those terms, but that is exactly how Fin Mins are designing and implementing policies. Would you say some/most recent eastern European buyers are likely to hold on to their properties in the UAE as winter dachas after the current turmoil at home subsides? That wouldn't surprise me, but I'd appreciate your on-the-ground take. At any rate, it seems like the glut of supply you are indicating will adversely affect the local real estate market as an investment vehicle.

@SIrfan-qj9oq 7 месяцев назад

CANADA IS A SHIT HOLE.

@-RBR 8 месяцев назад

The temperature completely kills Dubai for me. I don't get the appeal at all and I can't imagine living there for more than couple of months a year (winter only). Amazing city built on a fucking frying pan.

@OffshoreCitizen 8 месяцев назад

It actually wasn’t that bad for me. I’ve even spent the summer in Dubai. Wasn’t a big deal at all

@vimalcurio 8 месяцев назад

@@OffshoreCitizendid you live inside most of the time?

@NadimKaram-NaiiDz 8 месяцев назад

@RBR....you're a Cardano fan in Dubai? We should connect! See you in the Cardano Summit?

@md.fakhrulislam285 6 месяцев назад

You realise littlebit late.i avoided only for weather.

@alexandertraveler510 4 месяца назад

Crypto guys ?

@SuperMarioUno 3 месяца назад

I’m coming to Dubai for a new job in July 24. I’m looking for a one or 2 bed unit. I expect to stay in Dubai 5 years. Should I be renting in the first year and buying in the second year? What’s the best scenario? I want to live as “rent free” as possible, and be able to at least rent out the property if I leave Dubai or sell it with some capital appreciation. From this discussion, it seems capital appreciation maybe be a capital depreciation in 2027? Any ideas ?

@PriyaMani-hq2tb Месяц назад

There is a shortage of villas and townhouses and therefore investors will always want to buy villas as opposed to apartments.

@MikeShikongo 16 дней назад

I think it is well said.

@OffshoreCitizen 15 дней назад

Thanks! What are your thoughts?

@mrgreen1633 3 месяца назад

I agree.I see a big downturn after 2025. I see too many built and adverts on Dubai which I did not see in 2023.All indicates bargains in 2-4 years

@WallStreetIceCream 8 месяцев назад

still better option than California saftey and cost

@ac_utd6252 6 месяцев назад

Best value to look at in Dubai is on villas and townhouses which is the reason I bought in Damac Hills 2 as a steady investment, unique area which is extremely green, no risk of oversupply, rents have increased over 30%, people who live there love the charming family nature of the community, already landscaped and many parts built so can get return quicker and they are building 6 new roads from the community which will make getting to any part of Dubai quick in less than half an hour with no traffic (which is a big issue in Dubai)

@OffshoreCitizen 6 месяцев назад

It was a great buy but the past is not the future lots of competition coming up it won't continue appreciating at those rates

@landoincu5321 5 месяцев назад

@@OffshoreCitizenthat rate of appreciation is been registered everywhere in Dubai in mean i can see that increase in marina jbr jlt too both in rent and sales this in the last 3 years

@alexandertraveler510 4 месяца назад

It’s too dry there inland. Not a good place to live

@alexandertraveler510 4 месяца назад

Foreigners can’t buy in most areas, including the center. The problem is that the touristic places are also the nice places so you don’t have a local feel. No one really wants to go to even jvc

@jayyfan 7 дней назад

Where can I find a report on upcoming luxury residences ? I think you mentioned 80+ projects?

@user-lk8yp6bh2t 4 месяца назад

I don’t think you are a Real Estate Expert. It is just your prediction.

@user-he2fk4fz3g 4 месяца назад

What if you live here so buying vs wasting time to rent Also what about demand from abroad (not just the resident population )

@danyalkay7530 2 месяца назад

What other city you can leave your doors unlocked or leave your car keys and not get stolen, or get robbed for your watch whilst you're walking home. It's 1 of very few safe city, blows all of Europe and north America out of the market, regarding safety

@naeembahadur6480 7 месяцев назад

Absolutely agreed with Micheal about over supply market. But Dubai market is unpredictable, and comparing UAE within the Middle East is paradise for end the users and investors. I’m living in Dubai over 30 years, I believe the easiest and smooth transection if can happen anywhere in the world that is Dubai. I would suggest avoid buying property through bank mortgage and buy unique location will never disappoint you. 😊

@dinofabrizzi2116 6 месяцев назад

Hi naeem.. I am an italian investor... So you've been living in Dubai forse such a longtime...Great.. Can i send you an email top exchange infos ? Thank you !

@neilbenji 5 месяцев назад

@@dinofabrizzi2116 Hi, I can probably be of a great help for you in this regards.

@alexsorov1958 4 месяца назад

Hi, what do you mean by unique location ? Can you give example as a person that lives there

@mehsanm Месяц назад

Barari

@petersmith2040 4 месяца назад

The best time to buy RE in Dubai is when there’s a market crash and a lot of speculators are panicking. You can probably get a lifestyle 5-star hotel residence unit for a song.

@MeMe-wz5hv Месяц назад

No shit Sherlock

@MacSaxe 8 месяцев назад

corporation tax, associated paperwork hassles and the very real fear of making mistakes in an unforgiving legal framework - plus a nearly guaranteed future income tax on global earnings haven’t yet been priced into property.

@notahobbit1 8 месяцев назад

Guaranteed future income tax on global earnings? Yeah that's not happening, that would kill Dubai right off and I'm not sure where you are getting your info from.

@MacSaxe 8 месяцев назад

@@notahobbit1 people said vat wouldn’t happen, then they said corporation tax wouldn’t happen and if it did it would kill Dubai , then they said it wouldn’t affect freezone companies and if it did it would kill freezone, etc etc. A year ago freezone companies were advertising in their literature and websites a guaranteed 50 years free of corporation tax, now that’s all gone, deleted. At the same time phrases saying no income tax ever, have become no income tax in the foreseeable future… things change very fast in UAE and it’s impossible to say with any certainty what tomorrow will hold. How long does foreseeable mean? One thing however is guaranteed - more tax will come. All taxes added up will still be lower than those in high tax jurisdictions and as such UAE will remain a very good place to live due to so many factors beyond low tax - but to believe income tax won’t come ever is more a case of wishful thinking than sound tax planning

@dimebagg1 8 месяцев назад

They don’t need the tax money to the extent you’re describing especially as the trade off is pushing away investments and capital inflows as well as their no tax monicker

@dimebagg1 8 месяцев назад

@@MacSaxethough you are very correct on all you stated :)

@bbrebozo6417 8 месяцев назад

The other factor is the Persian vs Arab thing. The former are just across the gulf and the did lob missiles into the kingdom next door. They go to Dubai too and are probably not going to do something like that to the UAE, but the UAE is Arab (the middle A). And there’s an ongoing war on the Arabian peninsula.

@brianpereira7483 8 месяцев назад

The whole world has been in this bubble but go where its undervalued as much as possible or rent and wait till the washout begins

@OffshoreCitizen 8 месяцев назад

Where do you think that is currently?

@aths4u 7 месяцев назад

Where?

@milliondollarlistingdubai 4 месяца назад

So do you think the UBS GREBI report is incorrect about Dubai being undervalued?

@mehrdaddavani3532 7 месяцев назад

if u buy the best location and best tower its very good, u must know where to buy

@alexsorov1958 4 месяца назад

Any suggestions ❤ where to buy?

@msmsa520 7 месяцев назад

I think the RE market in dubai will start correction by Q2 2024. There are talks of introducing new rules regarding RE regulations by 2024 summer. New laws = market stagnation. Better watch out for stuff like that.

@Bauer787i 8 дней назад

its goood to invest 3 properties condos in dubai , earn the money having an AED residnce visa but i live in Austrlaia and earn monhtly income tax free dubai.. after paying my whole team i still make 3 milliion aed a year.. its not bad. not a good place to live dubai . good for investment

@mariobroselli3642 4 месяца назад

How much Population and pop.growth have all the gulf countries together?

@ccccc9939 2 месяца назад

I think buying to live and if you are planning to keep property for a long time is still a good idea. Not necessarily better then European cities but dubai does have a lot of tax breaks and getting a golden visa if you can is good security. I don’t think i would solely invest in dubai as buy to let market if that was an option - purely because at one point if the number of people moving to dubai drops, they will have a massive influx of new build homes empty and it will drive all the pricing down

@Needisupply 7 месяцев назад

That is true alot of people who were in the banking sector left earlier this year and went to Australia... Things will change rapidly.

@OffshoreCitizen 7 месяцев назад

How do you see things changing?

@Needisupply 7 месяцев назад

The economy is changing fast, wars are making things go in the negative every where . Even in USA our economy is in a tail spin...@@OffshoreCitizen

@aths4u 7 месяцев назад

Why left

@sairon63 4 месяца назад

Some people have very negative fictitious view and opinion about everything because they left their home country and they thought like they might have more privilege than others if they come to the UAE and then they faced with the reality, keep in mind that some people are scaring other people about something they are going to do alone to remove the competition and if it was a bad place to live or do a business, these people were the first ones who closed down their businesses and left it there not sitting in Dubai and earning money they couldn't earn in their first world country.

@nnuae 8 месяцев назад

I can't fathom why an offplan unit would cost double what already available ones are selling for (like the "cheap" 25m AED villas I'm spammed with for Palm Jebel Ali / apartments in Bugatti Tower / Cavalli Tower), but that's the Dubai market for you, I suspect a lot of the buyers shop online and don't even visit the place and don't dive deep into what's going on. Then a lot of people are buying as an easy way to get crypto winnings into traditional assets without the hassle from the banks, and are perfectly willing to lose 10-ish percent to have that happen, but even so, the off plan market is a joke. I guess places like the Marina where there's constant demand, high yields on short-term rentals and no new supply will maintain their prices better than the rest of the city, but some of the newer neighbourhoods could see their prices cut in half. Still, people need to be cautious because of the poor construction quality on perhaps half the units there. Business Bay is getting extremely overpopulated, not to mention the far off areas like JVC.

@alexandertraveler510 4 месяца назад

How do you know which buildings are good quality?

@patrickjean-philippe7679 2 месяца назад

I agree on the poor building quality which this far put me off buying anything.

@symo9097 8 месяцев назад

I bought a 2 bedroom townhome pre launch all cash (196kusd ) at a a”supposed 50 % discount” from the retail price but handover is in 4 years. I planned to move to Dubai in 2027 ‘28 with my family but now I’m unsure that will do that .after watching you, I may end up selling it in one to 1 /12 yers and get out before prices come down . You are right , if you end up living in it it’s ok, what about to just renting it for a few years then sell it when the market goes up again in 2030s. ?

@user-xr6zm8cx6r 5 месяцев назад

I will help you selling, Am a 15yr experience agent

@Masa-gh9mf 2 месяца назад

That certain developer you bought your property from will delay in handover as they usually do.

@TomJacksonDXB 8 месяцев назад

Over 15,000 registered agents now in Dubai, with unregistered agents at least double this... There are going to be a lot of investors who buy into particular areas where lots of supply is coming onto the market and they will get burnt. However, 69% of supply by 2028 is in the apartment sector. Considering Dubai's expat population is relatively young, these people will demand Townhouses / Villas as they look to start families. So there are still good opportunities out there especially in the secondary market where can purchase Townhouses at a relatively cheap prices in locations like Townsquare or Mira. There are still opportunities out there, but, you need to pick the location and product very carefully. Very informative video and it will be interesting to see how it plays out!

@trendtradertrender4328 8 месяцев назад

There is nothing wrong with Townsquare, Mira or even Arabian Ranches 3, Villanova. The prices for Townhouses are almost equally there , there might be some 5-6% difference in prices but with your 2028 projection, and I think you are right, this areas will increase further, especially in Townhouse / Villa Segment. For apartments I am not that optimistic yet

@TomJacksonDXB 8 месяцев назад

@@trendtradertrender4328 Exactly, quite a few Townhouses / villas are pretty fairly valued and would unlikely see a large fall in capital values and will still achieve a steady rental income. Bullish on the prices long-term :)

@ac_utd6252 6 месяцев назад

100% agree on villas and townhouses which is the reason I bought in Damac Hills 2 as a steady investment, unique area which is extremely green, no risk of oversupply, rents have increased over 30%, people who live there love the charming family nature of the community, already landscaped and many parts built so can get return quicker and they are building 6 new roads from the community which will make getting to any part of Dubai quick in less than half an hour with no traffic (which is a big issue in Dubai)

@sairon63 3 месяца назад

Based on UBS there is no Bubble in Dubai and it think the only way to find some non-educated clients for opening up their off-shore by your company is to tell lie to them, maybe you can increase your chase to survive among many big company formation players in the region. Good Luck.

@nomadclient4047 8 месяцев назад

Thanks Michael for the warning that you dont get on other channels. I sure wish I hired you instead.

@OffshoreCitizen 8 месяцев назад

Happy to be of service :) Feel free to reach out in case you need any assistance in the future

@Unhappy_Nomad_Client 8 месяцев назад

How are you? It's been awhile. I am struggling to recover all the lost time and money wasted on NC.

@User-sl4kg 2 месяца назад

They started to sell off plan properties at the malls as if they were selling an iphone cover. Sick

@dimitril1950 8 месяцев назад

agree with almost all points. I went to Dubai in May and found out it's just too late to enter the RE market, while my friends got me insides from their relatives working for 10y+ in EMAAR and DAMAC. Nowadays, you can find just a few interesting markets, and the rest will face the correction in '24-27.

@beingme4420 5 месяцев назад

What do you mean by correction? Thanks

@jebeno321 5 месяцев назад

Real talk. Real estate is on a downturn in the next year. Better to wait for a better risk-reward opportunity after volume drops dead and commercial RE tanks.

@fritzmetzger22 8 месяцев назад

Also let's remember the net yield in Dubai is around 4-5%, lower than what you can get on treasuries risk-free

@dimebagg1 8 месяцев назад

Rent ROI is 8-10 percent. Excellent. if that’s what you meant by yield.

@straightshootah7550 8 месяцев назад

@@dimebagg1where?? marina and bb around 5-6%

@JudgeDredd888 7 месяцев назад

@@dimebagg1Maybe international city if you rent beds its 10%

@abhaykaul1210 6 месяцев назад

marina is 8-9% if you get a good distress deal.

@ridbuzz 7 месяцев назад

It's 2008 all over again! People never learn, and their greed always gets them where it hurts most!

@OffshoreCitizen 7 месяцев назад

I wouldn't say it's 2008. Some markets are definitely fragile

@smm24hpanel9 3 месяца назад

Unfortunately the new 9% tax rules will not improve the prices i heard of lott people got scared from this new law.

@OffshoreCitizen 3 месяца назад

Where do you see things going from here?

@mariobroselli3642 4 месяца назад

I supposed Kuwait or Saudi Arabia Border to Kuwait would be more for me. Less Temperature than in Dubai.

@barbarasara4033 4 месяца назад

Exactly

@Nhlpro14 8 месяцев назад

I want to move to Dubai in a few years so I’m hoping by 2025 the market takes a dip and I can get the golden visa cheap

@OffshoreCitizen 8 месяцев назад

Feel free to reach out in case you need any assistance :)

@umairiqbal8747 6 месяцев назад

how much one need to invest for Golden visa @@OffshoreCitizen

@perditafavour5139 4 месяца назад

@@OffshoreCitizenthank you fortisgret inside how can I reach out to you please 🙏

@jenniferbarnea3103 3 месяца назад

Hi, can yo make a video 📹 taking about who are the biggest construction 🚧 companies in Dubai?

@xhabbisgoated 3 месяца назад

Emaar Damac Ellington Danube Binghatti Al wasl Nakheel

@redhotbits 6 месяцев назад

you forget one thing, units do not have to be occupied, you also forget location is very important

@OffshoreCitizen 6 месяцев назад

Didn't forget either of those things and also don't think it will matter In the grand scheme the city won't be composed of mostly unoccupied units

@DunyadaMisafir 8 месяцев назад

When we buy a house in Dubai, we only get a residence and work permit in the United Arab Emirates, right? So we don't get visa-free access to countries where UAE citizens can go without a visa, right? For example, when we buy a house in Greece for a golden visa, we not only get a work and residence permit in Greece, but we also buy the right to go to EU member states without a visa. Which country would you recommend if we are going to buy a house in order to get the right to go to many countries in the world without a visa, including the European Union?

@sophiewanlin8612 8 месяцев назад

I'm no professional, so why not try turkey?

@btc1m654 8 месяцев назад

There is talk that the GCC will allow residents to travel with no visa

@pures1n 8 месяцев назад

yea but greece golden visa only lets you go to other schengen countries for 90 days but yea UAE residency doesnt give you same travel privileges as a UAE citizen. though UAE is in talks of having visa free access to EU even after ETIAS goes live, even for resident holders. which would be pretty crazy for the russians who dont currently have access to EU, but would get it through dubai residency

@dimebagg1 8 месяцев назад

I doubt Europe would allow that as UAE residency holders are a very “multicultural” crowd which I’m sure Europe isn’t too smitten about allowing them in check free. I’d love to see a link of dubai contemplating that if you can share. (I’m not disputing it)

@peterpeter8217 8 месяцев назад

@@dimebagg1 The EU allowing 1 million multicultural refugees check in free every year.....

@andrescv2665 8 месяцев назад

700k US dollars for a condo of 800 ft, no thanks, only to be used for 3 months bc the weather is too hot

@pures1n 8 месяцев назад

agreed lol but them tax benefits though, if u got a lot of money coming in it could be worth it 3 months in great winter weather and then asia/eu 6-7 hour flight away for the rest of the year sounds pretty ideal to me.

@samuliceo 6 месяцев назад

Dubai has good weather for 8 months per year.

@TheNjd1995 3 месяца назад

Rent for 9% and up ROI

@Azraf14 4 месяца назад

@offshore citizen, apparently the Chinese are entering dubai and soon will be swarming in. And when they come in, the population can double in less than 7 years. These new casino projects in Dubai among other factors are drawing them in. I have a feeling the unlikely continued price hike you mentioned in the video, will indeed happen

@joshualittlewood4534 14 дней назад

The population of Dubai has pretty much doubled over the last two decades, if you look at the data

@Noonelson 8 месяцев назад

Not sure where youre comparing Canadian rent? Toronto is more expensive than Dubai

@SIrfan-qj9oq 7 месяцев назад

toronto and canadah is a shit hole

@lliamjurdom9505 8 месяцев назад

Yes all property is a bubble simple as that .... soon to be displaced by other alternatives that you cannot see right now - but they are coming ...

@tw9419 8 месяцев назад

Which alternatives?

@commsq17 8 месяцев назад

live in the pod?

@aths4u 7 месяцев назад

@@commsq17lol

@OXboxy 3 месяца назад

Very interesting video, thanks. Regarding the statistics that you are mentioning, that there will be up to 1mn new units added to the market by 2030 - could you please kindly share the source of that? I was able to find only this “The total number of housing units in Dubai is expected to reach one 1mn before the end of this decade”, which means that by 2030 the total number of units will reach 1mn vs. your statement that extra 1mn is coming to the market. Thanks.

@OXboxy 3 месяца назад

Also in the video you are saying that it is hard to imagine how Dubai population could double in the next 7 years. Actually, as was mentioned in Dubai Economic Agenda ‘D33’, the emirate aims to double its GDP by 2033, which will result in a demand for human resources. The population by this stage is expected to approach six million, up from 3.5 million today, with the Dubai Urban Master Plan 2040 taking this number to 7.8 million a few years later. So the prospect for the population to double is actually not that impossible.

@elisemuliez7358 8 месяцев назад

Very big bubble

@Existexis 7 месяцев назад

I totally agree with this, the bubble can start any time but I think it can highly accelerate around 2030's, and then the prices will drop out with a quarter by 2035's and then half by 2040's. But so far it is still worth it to make an investment and then just go away with the profit or even gambling more until the market is significantly behaving in crushing.

@gurtejduggal7218 5 месяцев назад

A place like Dubai where the government talks about 10 year and 20 year plans, as well as execution of these plans with fearless motive to build something great, there is no stopping this market. Yes it will be at top at some point,but not before 2030. So go for it ❤