UK Landlord Forum / Life

I've mentioned it before several times here, how we're interested in purchasing property in around Dubai / Qattar.

Obviously nothing can be done without going and checking out properties on location, so I think we'll make that happen in the summer.

Any tips or advice you guys might want to share?

Have you guys or do you know of anyone, ever invested abroad?

You need to sort your finances (mortgage) out in Switz. Have you done any research on that?

You need great local english speaking legal aid in the country you want to purchase in, this would be my first port of call. i would ask for referances and all kinds of bindings from him/her, after all these people will be handling all your cash etc etc.
Once this was in place i would feel confident in pursuing the property.
Its all about the home work research and having a trust worthy team all reading from the same book.

I think Dubai is still a good market, I have friends who work out there and they tell me demand for residential and commercial is still strong, so a good letting market for you. If your buying a re-sale these go quickly so have money in place if you see something you like- if buying off-plan and the quote 2 years it will be 4 years. Definitely on m list of places I would like to visit

i've spoken with a friend down in Dubai, and she said real estate is still booming there. However it's gotten very expensive and she's not sure whether the reccession in the US will affect real estate there or not in the comming years, but she insists it's definitely worth looking into. She's given me a contact I can discuss further details with, so let's see what happens. She definitely insists I've got to visit and check out the market first hand because there are 'bad areas', not sure what she was referring to but oh well.

So yeh, i''ll keep you lot updated.

thanks for all the advice.

A chap i know is flying back and forth to This region on a reg basis at the mo, buying and dealing here and there.
There are some other eastern places that are up and coming as well,  Quatar is one of um,

oooo i know, Qatar is doing big for development.

I made a thread on The Pearl Qatar earlier, you should check it out.

A residential area under construction, i believe it will be done in 2011 not sure.

Aisha.
In the same publication that i was reading on the plane, their biggest tip when buying overseas, is for the buyer to invest in an local English speaking solicitor who knows the local market.  They said its a must