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LISA
Beginner
( 1 post )

[1 answer]
I have 1b/r flat in Dec tower Dubai Marina. Is s it good to
sell or to rent? At the same time, I want to buy an office unit in JLT approx 1000sq ft.

368 days ago In Seller's Advice
Madiha
Expert Contributor
(387 posts)
Hi Lisa,

If you have a flat in Dubai Marina, I would recommend you to hold off your investment. Dubai Marina is the top most performing area in Dubai and as soon as overall Dubai real estate prices would kick start to recovery, the price of Dubai Marina properties would increase rapidly.

Prices of properties in Dubai are currently hitting the bottom and you can expect recovery to gain momentum by the end of the following year. So holding off your flat today can even double or quadruple your investment in future. Renting out your flat at this time would be better for you. Selling the flat in high market would help you earn great bucks. So, renting out your flat would be the best option for you at the time.

Regarding your investment in JLT office, I would say this is really a wise thought. Prices of properties are currently at their lowest and JLT is also one of the best performing areas in Dubai. This is the best time when you can get a good quality office in JLT at least possible prices.

You have chosen both the best areas of Dubai for investment. You must be an astute investor :). If you have anything else to ask, please feel free to ask anytime!

Regards,
Madiha
368 days ago 

(1 answer)