Help!! DUBAI REAL ESTATE MARKET

[Adriana Wong]

Hi all!

I am a newbie in BP, just started listening all the podcasts, fascinated by the community!

Just want to drop the message here, anyone located in Dubai or distanced managing properties there? I would love to know whether it is possible to apply the BRRRRR method there or other creative financing over there as a foreigners. Also looking for the Matersminds focusing on the overseas market!!

Thanks!

[Rebecca Moreira]

Hi Adriana, 

I am a commercial real estate investor in the U.S. but I live in Dubai.

In terms of the BRRR strategy, you could probably do a fix and flip in some of the older villa communities like the Springs, Meadows, or Arabian Ranches 1. I also see a lot of new villa fit-outs in Jumeirah Islands. Don't forget you need the original developer's permission to conduct structural changes to the villa inside and out. This can often be cost-prohibitive.

The real estate market in Dubai is significantly different to the U.S. though. Some positives and negatives to evaluate. 

Send me a message and we can have a virtual coffee or an in-person coffee if you're around town. Regards, R.