DO NOT INVEST HERE ! Mohammed Zohaib | Dubai Real Estate

Summary

The speaker critically analyzes luxury real estate investments in Dubai, highlighting both positive and negative aspects. He focuses on high-end communities like Acres by Miras, Oasis by IMA, and Damac Islands, discussing concerns such as visible cables and outdated properties that may deter investors. The speaker emphasizes the importance of product selection in volatile markets, explaining how the right choices can safeguard investments. He notes that new master plans and specific floor plans, like corner units or mansions, often provide safer, more profitable opportunities, especially during market corrections.

Takeaways

• 🏙️ Ultra-Luxury communities in Dubai, like The Acres by Miras, face challenges such as unsightly and hazardous overhead cables, which limit potential investors from regions like Europe and the US.
• 🏘️ In Serena, property prices have peaked, and newer, better-designed properties entering the market may stagnate older property values.
• 🌆 Dubai is evolving and selling a luxurious lifestyle with new products entering the market, including highly competitive Villa communities with advanced amenities.
• 🏡 The Damac Islands development, especially six-bedroom Lagoon-facing villas, have strong appeal due to their innovative designs and floor plans.
• 🌍 Rukan, Serena, and Reportage Village communities have key concerns, particularly around power lines and design limitations, making them less desirable to certain investors.
• 📉 While older villa communities might be stagnating in value, new master plans like Damac Sun City and Damac Islands offer unique opportunities for early investors to make a profit.
• 🏢 Larger corner units and mansions are often more desirable and hold their value better, especially in growing areas, with better privacy and room layouts.
• 💰 Mansions with large basements and pools are particularly attractive to investors seeking homes of 8,000 square feet or larger, especially near lagoons or golf courses.
• 🔄 The speaker emphasizes caution in investing now, as some markets, like the UK, Canada, and the US, are struggling, though Dubai and Saudi Arabia are thriving.
• 🧩 In case of a market correction, investors should focus on selecting the right products to ensure long-term safety, especially those with limited supply like mansions.

Q & A

What is the main focus of the video?

The main focus of the video is to highlight the negatives of certain real estate investments in Dubai, particularly in luxury communities, and to offer a critical perspective on property selection for investors.

Why does the speaker emphasize understanding the negatives in real estate investment?

The speaker emphasizes the importance of understanding the negatives because if the assumptions behind an investment are wrong, it becomes difficult to make the right decision. Proper risk assessment ensures better investment choices.

What is the speaker's concern about properties with visible cables in luxury communities?

The speaker is concerned that visible cables in luxury communities, such as The Acres by Miras, may deter potential investors from Europe, Japan, and parts of the US and UK, as they might see it as a health hazard.

Why does the speaker think property prices in Serena have peaked?

The speaker believes property prices in Serena have peaked because new developments are coming to the market, offering better amenities and more modern designs, which may overshadow older properties like Serena.

What factors does the speaker consider important when selecting a property in Dubai?

The speaker considers factors like floor plans, location, visibility of infrastructure (e.g., cables), community amenities, future market trends, and the type of property (e.g., mansion vs. villa) when selecting a property for investment.

Why is the speaker particularly interested in Damac Islands?

The speaker is interested in Damac Islands because it revolves around the concept of Jera Islands, a successful and unique development in Dubai. The six-bed properties on the Lagoon with impressive floor plans particularly caught the speaker's attention.

What is the significance of corner units in property investment according to the speaker?

The speaker believes corner units are highly valuable because they are in limited supply, offer more privacy, and tend to be the first properties that potential buyers or renters choose, making them a more secure investment.

Why does the speaker prefer the five-bedroom properties over the four-bedroom ones in Damac developments?

The speaker prefers the five-bedroom properties because they are corner units, have all en-suite bedrooms, and provide better privacy. Additionally, the five-bed units cater to a larger market due to their design and size.

How does the speaker view the current real estate market in Dubai compared to other regions?

The speaker views the Dubai real estate market as strong and promising, especially compared to struggling markets in the UK, Canada, and Europe. The stability of the UAE Dirham, pegged to the US Dollar, makes Dubai and Saudi Arabia attractive for investment despite global market challenges.

What advice does the speaker give regarding real estate investment in case of a market crash?

The speaker advises investors to be selective about the products they invest in, as some properties can withstand market crashes and retain value, while others may experience temporary losses before recovering.