Is Buying Properties in Dubai Worth It for Investment?
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- Опубликовано: 26 янв 2023
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Have questions? Come join here - chat.whatsapp.com/JtjygPJ4Fco4dVLjHLVALz
Hey, I wanted to join the community because I’m interested in investing and Dubai. Just need a little guidance, Thank you!
Where do you rent it out ? Air B&B?
Hello, I just couldn’t reach out on watsup or can you leave the number here. Much appreciated 😊
Please rework this by reducing the echos in your video. It becomes a problem on top of your voice and the low tones when you speak.
Great meeting you Conor. Keep those videos coming. Absolutely love your content
Purchasing my first 2 houses in Dubai is a testament to what smart financial decisions and perseverance can achieve. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made😊
You have encouraged and inspired me today with this comment, thank you Witney. 💕
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips.. would be appreciated...
Alright Vic,Investing typically demands a good understanding, and that's where having a financial consultant is invaluable. I've had the privilege of working with Regina Louise Collaro, an investment advisor affiliated with a licensed wealth management firm.She's widely recognized for her expertise, so you might have come across her name. With her support, I've attained financial security and now receive a steady monthly income through her successful approach. I strongly advise considering an experienced investment advisor to boost your financial prospects.
That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online.
Love this type of content !! keep it coming
Very cool that you made a video like this
Awesome! More of this content please!
Great video! Keep the real estate vids coming! 👌🏼
GREAT VIDEO, GREAT DETAILS, SO SIMPLE BUT VERY NICE
Conor, Great video! Awesome, Best!
much better then all those other dubai invest videos 💪💪💪
Please do more videos like this!
Sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ Oɴ WʜᴀᴛsAᴘᴘ✅
Great video. Thanks a lot!!
Thank You,such a Big Help.Godbless You Sir.Such Humble
Connor you are a good guy I like that you are not arrogant or Stuck up like other people that made a bag
Hi Conor,
I was recently in Dubai, I'm not sure if you have been getting my emails but this is the information I was looking for. Love these videos on creating that opportunity between crypto and property.
Good job 👍🏽
Thank you 😊
Love this 💕
Thank you for your info can wait to invest money in dubai
Hi Coner I really like this video thanks
Glad you enjoyed it
Great video mate. What about service charges?
Thanks for thebuseful information.
What does the management company do for you?
Random comment, nice vid/apartments btw!
I have looking to invest in property in Dubai to earn extra income and have been doing research on different properties. Thanks you for explanation on the payment plan. I love that they have this option. Thank you for all the valuable information!
Loved the video - very relatable Conor. Do you suggest to buy ready or off plan or somewhere in between? Keep the vids coming
Drop me an email, in the description 🙏
I mean not bad but $180,000 - $45000 for deposit is $135,000 owed.
Divided by a 5 year payment plan is $27,000 a year. That’s $2250 a month and the rent only covers $1000 a month so you’re $1250 in the hole.
Am I missing something?
No you are correct, this is not a mortgage you are paying off the property in full over the 5 years
For sure this is a marketing hype video. I like the information Conor shared, but I agree with you, Tommy. Conor said the money from renting will cover the property cost for 5 years with a little extra, but that's only if he rents it out all the time for 5 years and still pays $1250 each month on top of what he earns from renting. So, the video might be trying to make the deal look better than it really is, maybe to get people excited and sell them something with their eyes wide open. Be careful with
@@businessdoubthow are you comparing by say “deal might be looking good on video and in actual it is not” do you have a better investment then corner?
@@mehakjalil5714 I'm just saying that vloggers like to make things sound better than it is. And just be careful especially when they are selling you a service. It's like emotional selling.
@@businessdoubt oh yeah mate. You’re 💯 on that. Thanks for raising cautious .
great video thank you for sharing. i also want to invest in property after visiting dubai for 5 times. that payment plan for 5 years seems interesting but besides the holland garden project i did not find these prices anymore…
Drop me an email, in description
@@ConorKenny will do now! thank you
Hi Conor, amazing review very helpful and informative, thinking to invest in Dubai, will be great if you can give me any advice. Natalie
Haha bloom towers block C that was my apartment, i left the coffee machine hahaha. Great little spot
Ahah no way, that’s awesome! Welcome back any time
Hi conor, so u bought it off plan? How long before delivery date?
1000 dollars from 180.000 dollars is for me 6-7% which will be paid in 15 years.
I think you can get 1000 dollars by renting long term without having 200 guests per year.
Can a property cash flow positive with a mortgage on it through airbnb?
Great episode! I have some questions regarding investing in UAE, how can l reach you out?
Looks cheaper to buy than rent in Dubai. Planning for a move myself!
Does your net profit include monthly/annual service charges?
What company/companies offer such a paypment plan if i may ask?
180K total amount, 25% downpayment which is 45K, meaning u need to pay 135K in 5 years. With 1000 per month, it makes it 12K a year, and thus u would be able to pay 60K at the end of 5 years, which mean u still have to pay 135K-60K which is 75K.
Yes you are paying the building off in cash
Did you buy this off plan?
Hi, you mentioned buying the apartment for 180k. Does that include furniture and Kitchen + appliances ? Thank you!
Hey Kenny
Your videos are very informative , I am planning to buy property in Dubai can you guide me with it
Is it a leasehold property or a freehold property? And what are your thoughts about those arrangements?
Informative. I predict you will become a realtor in long term. I believe if you are employed in Dubai, you are eligible to get 10x salary (depending on employer rating) as a loan from banks at a very low interest rate which can pay off the down payment as well provided one has a good credit history. Do developers give interest free payment plans for 5 years or is there any catch ?
There’s no set amount of time they will give you and payment plans are normally higher then if you bought in cash and you also normally buy off plan rather then ready units although I still find ready units with pp
Hey, we have got a residence 4 flors including 52 studios the annual rental is 8 milion dirhams do you see it is a good price? Knowing that it's located in jvc
@ConorKenny
thank you for the video. A few questions:
1) what if one is domiciled in the U.K. one would still need to pay tax over any income made abroad in the U.K. is it not?
2) is there any service charge for all the communal amenities in the building? If yes how much is it?
Thanks.
Hey mate, yes if your a resident you need to pay tax on profits abroad and yes there’s a service charge around 800 AED per month, drop me an email conoroverseas@gmail.com if you wana chat more
Do you buy apartments in Dubai as a private person or with your LLC/company?
I'd like to know too
Hi, even though your primary focus is crypto, you've done a great video on investment in Dubai. I've been living here for 10 years and have been spending it on rent
@Conor kenny: hey Conor.. can you help me understand why i should invest in uae and not in cities like manchester uk..?
you never mentioned about the holiday-home license cost and any other (recurring or non-recurring) payments with it
Holiday home? This is in Dubai sir. You pay a management fee like I said
Hello and thank you!! Do you have any good links for where to buy apartments like this?
Drop me an email 🙏
Do you have the PR? Can foreigners , who don’t live there , buy it?
Check Connor out in his lambo fair play bruv
Doesnt' Dubai have limits on foreigners owning property? I thought the leasehold was for like 99 years? I know most people will die in that time, but would that mean you can't leave the property to any family when you pass?
They have leasehold and free hold and there is no limits for foreigners
Connor, what do you think about ax capital as a company to get involved with? I was actually looking into this area
Hey Steven I have never heard of them I’m afraid
How about cleaning???
Wow conor
Who is your management company?
if you have 3 condos in Dubai marina and want to rent it on short term rental. Can you get collect these monhtly income while you are abroad and it goes straight to your NBD bank account.
How to rent this apartment ?
What can i buy
Hello, do you bring clients for your short-term rental? Or the management company does?
the company
@@ConorKennywhats that companys name?
hey i am from usa, looking to invest in dubai, who manages ur rental? how much fees they deduct monthly if they manage ur rental? please advise
What does it mean JVC?
Nice
If you are making 1k profit per month then it’s annually 12k assuming you manage to rent out back to back for full year so that’s 60k in 5 years. This means you will need to pay 66% of the property value unlike 35%-40% mentioned in the video?
He might also be investing the rental amount of $1500 in repaying the loan
he oaid 25% in advance
What are the remaining service charges, ground rent and how many years on your lease?
Hey man drop me an email if you wana discuss
Can us citizen buy in Dubai ??
Have you bumped into Guy from Coin bureau ?
Is there a certain website to search for properties over there? Like right move back in the UK? I have a few properties in the UK but iv been building up courage to go for one in Dubai.
Drop me an email I’ll put you in touch with the right people
@@ConorKenny what is your email please. Thanks
@@shuel3373 in the description bud 🙏
Hi , who manages your property for rental? We’re looking to invest but not sure how easy is it to rent out if you don’t live in Dubai? We’re in the UK too
It’s very easy drop me an email conoroverseas@gmail.com
JVC?
Is it possible to buy with an islamic bank (riba free = interest free) if we are a canadian citizen ?
How are you able to buy a property in that price point. Based on Govt Dubai website, foreigners has to make a minimum investment of $540000 in order to buy one and get residency
It’s very easy to get residency 5-10k you can get a company set up and give yourself a 3 year visa. Drop me an email I can point out in the right direction
Hi I have a doubt after buying a house do we have to pay any hidden charges or how much monthly maintaince plz rply
Yes there will be things to pay for. I couldn’t tell you how much maintenance is as it’s different for every place but there will be maintenance fees, extra costs, random things that break etc
I want buy a building too rent it out.
Hi Conor, so The manangment company takes care of The rental of The property ?
Yes sir, drop me an email conoroverseas@gmail.com
Looks very small
love this sharing. i'm also putting crypto profit into properties. avoid overextending yourself and have some capital to go back in bear market haha
Course man, I bought all my properties in the bull market
If doesnt make money doesnt make sense ! sorry . This property Cash on cash is bad and also ROI .cross your fingers for a Good Appreciation in the long run
The cash on cash is great. Your not even considering the payment plan I mentioned. On what planet does this not make money?
Hi Conor, I'm in Dubai right now and looking at hotel and apartments to invest in
Hey drop me an email conoroverseas@gmail.com
What happens to the property if you stop living in Dubai?
You can invest as a resident or a overseas investor it’s all ok
Is there any tax when you sell your property off and repatriate the amount back to your home country ?
Depends on your country. No cap gains tax in Dubai
Do you have to pay condo fees there ? Thanks 😊
Hey yes we call them service charges, they vary from building to building, around 500-800 AED a month
I'm new to crypto!. How can I make more profitable investment in crypto without incurring much losses?
Can you suggest any particular apartment/Building at a budget of 1-1.5 million AED within the Dubai City (not countryside) Free Hold area like JVC ? Not villa. No Townhouse. I want the least maintained flat 2 BHK apartment with good road accessibility (If possible near any metro station). For a middle working class with an Indian passport.
Drop me an email, it’s in my description, I’m sure we can help you find somthing
do you live in dubai for checking the guest and the property with all the short rents? i want to invest in dubai and move there im italian 36 yeard old man
Wealthy at 36?
what is management company ? They re renting your apparment too? or only cleaning and etc?
I make a cash and cash return in the north of the United States of America with my verse income property of 29% a year up to 61% a year to the best rental property. Of course I speak about cash on cash return not full payment of the property in cash….. so why would I go to primitive like United Arab Emirates?
I want to invest in apartments which are already rented
Drop me an email
Yeh but you can’t make profit for first 10 years because we have to pay all money back to developer
You still control the asset and can sell at any time, it also does not take 10 years
@@ConorKenny also what you did about insurance in case theft , fire 🔥
I heard you can also flip properties once only 30% paid into a developer’s payment plan
@@luckyphil_01 that sounds correct
@@luckyphil_01yes
6,6% roi is low for a fully furnished, short term renting.
It makes over 10%
So you pay 220,000 with 25% down payment which leaves you with 165,000 to pay over 5 years. You make 12,000 per year profit on the. So over 5 years that's 60,000 which means you still have to find 105,000 over the 5 years which is 21,000 a year or 1,750 a month
It was 180k and yes you need to still pay extra but remember this is not going to the bank this is going to pay off the property.
@@ConorKenny ye man, wasn't meant to come across confrontational, just trying to work out when I can start getting into something like that this. Cheers
@@callummunro8379 no problem brother! Any questions feel free to get in touch
Wait do you own a Lamborghini?
Hi mate, do you buy your properties off plan? Interested in moving over from the UK and buying to get residency.
Some of them, yeah! Drop me a email, it’s in the description
2:25 😂😁😁😁
Lol what kind of walking distance from Burj Khalifa are you talking about from JVC?
4 hours walking distance?
I think you might be a little confused with what video you are watching 😉
That's 60k over 5 years. how are you only paying 35% out of pocket? The math doesnt add up unless I'm missing something.
1500 a month is 90k over five years and I have paid the deposit already
@@ConorKenny you said you had $500 in monthly expenses? That’s 60k. Not trying to troll I’m just trying to understand. I’m leaving for Dubai in 2 weeks to look at property so I’m trying to do some upfront research before I arrive.
@@BirdDog. I know buddy,
drop me an email and I can put you in touch with some people that helped me buy if you fancy and go though some numbers
Hi sir is it worth buying property in dubai
Depends on your situation
As you are now in England 🏴 I believe this video was done when you were in Dubai
📊📈📝ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ…
Sᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍsɢ ᴏɴ ᴡʜᴀᴛsᴀᴘᴘ,
ʟᴇᴛ's ᴛᴀʟᴋ ʀɪɢʜᴛ ᴀᴡᴀʏ!!….
How is your home country not taxing you? I'm from Canada ( aka Chinada) and i would have to renounce to avoid paying taxes on it.
I’m not a resident there any more, US have to give up passport but I don’t know about Canada
U lose ur money if u invest in dxb.half of towers r still empty even borj khalifa.they wont tell u that.
Ignorant.