Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

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DR-YALAXOOW
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Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by DR-YALAXOOW »

Dubai dad baddan soomali oo deggan yurub and north america ayaa guryo baddan ka iibsadey. aparthament 3 qol ah waxaa lagu iibsanayey 100 000 dollar. laakiin dadkaas dhamaantood waa qasaareeen. meesha waa lagu kala tagey


dubai=gosth city waa laga kala ordey .

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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by Warsan_Star_Muslimah »

My brother in law waa lucky then, he already sold his one, sometime ago now. :up:

For the people that want a holiday home in Dubai, now is the time to buy it.

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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by dawwa9 »

It will be back in a few years after the crisis.

Dubai is still and will always be the engineering paradise no place can top it.

Sometimes the wealth here is disgustingly too much (1 in like 3 cars is luxurious, and there are super-size malls everywhere :lol: ), so a correction in the overheated economy will not be the end of Dubai.
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snoop12
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by snoop12 »

my aunties and uncles bought lots of houses their :shock: im not sure whether they were planing on reselling or just having them as holiday homes though

i definately would buy a house for 100,000 to 200,000 if its nice, i must have a house in kenya and dubai if somalia was ever to get build and mest up like last time, having a second home outside the country would be nice :P
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by Navy9 »

Dubai dad baddan soomali oo deggan yurub and north america ayaa guryo baddan ka iibsadey. aparthament 3 qol ah waxaa lagu iibsanayey 100 000 dollar. laakiin dadkaas dhamaantood waa qasaareeen. meesha waa lagu kala tagey
My sis bought 1 bedroom condo for $100k last year; i doubt its easy to find 3 bedroom flat for the figure you gave!

Anyway, the housing situation is pretty bad right now but I am sure things will be bettter once the US economy recovers.
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by dawwa9 »

My family's house in Dubai over the past year (estimates):

7 bedroom villa with a large garden and close to the dubai landmark (burj al arab).

1980: 85.000$
1985: 125.000$
1990: 175.000$
1995: 350.000$
2000: 650.000$
2005: 1.200.000$

2010: Who knows :lol:
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by QansaGabeyle »

It is expected to fall more. Soon there will be no jobs in the construction industry for all the immigrants there.
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snoop12
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by snoop12 »

2005: 1.200.000$ thats quite cheap

what are the average prices for a 5-7 bedroom house with nice kitchen and a master bedroom toilet and with a large garden, basically a ideal house for a young family with 4 kids??
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by Navy9 »

If US & Uk economies pull up, i think things will be alright after all 45% of foreign investors in UAE are from UK according to a report i read sometime ago.

But its quite interesting living in a country like UAE where the natives are only 28% of population; I think foreigners should take over and rule those pig heads :mrgreen:
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by dawwa9 »

snoop12 wrote:2005: 1.200.000$ thats quite cheap

what are the average prices for a 5-7 bedroom house with nice kitchen and a master bedroom toilet and with a large garden, basically a ideal house for a young family with 4 kids??

If I added 2007 to it, it could have gone for 1.500.000$, thats 5.5 million AED, thats a shit load even for Dubai's standards only high end apartments and those crazy nakheel palm islands homes go for more than that.

And to answer your question, depends on the neighborhood. But probably around 600.000$ before the crisis, today I think like 450.000$...
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snoop12
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by snoop12 »

450.000$...
:shock:

is that not below the construction cost? dont you study civil engineering, elaborate man :shock: i suspect the real estate business in dubai is now the cheapest prostitude :shock:
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by dawwa9 »

Construction cost of those homes is maybe only 180.000$.

Cheap Indian laborers, Cheap Chinese cement/steal etc :lol:

The remaining 270.000$ is just bullshit you are buying into, i.e. ''Hot air''. :lol:
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by snoop12 »

dawwa that cant be a real estimate, you missing transportation of goods, equipment etc etc

we need to help each other in the future :up: :lol:
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by dawwa9 »

Dubai is a pretty cheap place actually, You can get a good meal for only 2$.

We are surrounded by third world countries like India/Pakistan etc which make food and other commodities very cheap.

You never been in Dubai? It looks more like India then an actual Arab country, laborers everywhere who work for 5$ a day :lol:
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Re: Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!...

Post by snoop12 »

yeah i could imagin, although indian/pakistani people are mostly very unhygienic people and smell of curry or just some other bad odour :down:

i stayed dubai as a kid for 6 month or so before we moved to tunisia, but from what i heard tunisia is 10 times nicer then dubai, but obviasly that was back then,

im planning to go their to get married (pretty sexy girl on the radar the family says), do somalis get national citizenship/UAE passport if they stayed their for 23 years ??
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