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UAE alternatives for trader/investor.

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Those are facts, they're not random numbers. If you're checking⁤ bad locations and bad projects then you can face a huge loss of even more⁣ than -50% but if you go with a good location and a good project it⁢ is not going to happen.

I know Dubai very well I'm am a real estate︀ investor in Dubai and my properties still worth the same compared to last year even︁ after the pandemic. The thing is you need to invest in signature projects and stay︂ away from trash developers like Emaar, Damac etc... The only bad thing about investing in︃ a good project is your phone will not stop ringing. I receive 2-3 calls every︄ fucking day from real estate agents. They constantly bring potential buyers, offers but I don't︅ want to sell or lease my units...
 
I am in this business for more︀ than 10 years in Dubai . Some buildings have suffered a lot that is true︁ but overall these are the problems faced by my investors who have invested all over︂ Dubai. Some buildings in downtown are half the value now as compared to 2014. You︃ are lucky dear that yours are good projects. Once you go out in the market︄ wanting to sell the property you actually get less offers than what they show it's︅ value in books. It's a buyer's market right now no matter which country you go︆ to due to current Covid 19 situation. I am sure market will pick up in︇ a year as the vaccines are already here in Dubai.
 
Yes, it really depends on the project. If you bought a unit‍ with an overvalued price from the developer then yes you can expect half loss sometimes⁠ more. I know that people faced -70-80% loss in 5 years for some specific parts⁤ of Dubai but again it depends on the project.

No need to go out in︀ the market to find out the real price of the property. As you know, the︁ Dubai land department shares real transaction details for almost all projects in Dubai. I check︂ for transactions of the exact same units from time to time and I see very︃ close numbers to my purchase prices. Also yes, I was a little bit lucky I'm︄ not going to deny it since the market recorded loss for 5 years in a︅ row.
 
Actually that's the number one issue I have is that they are︃ making investors nervous. What if a person wants to sell his property needing immediate cash︄ for a variety of reasons including medical reasons. What if he is dying of cancer︅ and he needs to sell immediately to avoid unnecessary probate ? He/she will sell it︆ immediately and effect the prices of the same property in that neighbourhood. Due to this︇ type of transparency, buyers are wanting always at that price someone else got. We get︈ upset customers who want the same deal as someone else got in the same building.︉ That's becoming a big issue. I am sure as a buyer you will want the︊ same price as someone else but what when you are the seller?
 
They will drive it underground︉ and fuel the black market even more. And where the world is going, it seems︊ that the black markets are badly needed to live a halfway normal life.
These bureaucrats︋ do not know what they are doing and think by just passing laws they can︌ steer the economy. Also, regulations are pretty much up for sale in the us.

They are further bifurcating the world.
But what do you suggest to stay ahead of their︍ game?
 
"trash developers like Emaar, Damac etc..."
Can you︃ share some trusted developer?
When I try to search I find most of project owned︄ by Emaar.
Can you share some good project to invest ?
 
Correct, Emaar is the biggest developer‍ but it doesn't mean they're providing good value. Check Meraas and their projects.
 
I checked‍ https://gofreelance.ae/ out though I can't figure out if I am allowed to work only with⁠ companies within the free zone (eg. DIC) or with companies outside UAE, similar to a⁤ FZE company, too. Any suggestions? FAQ on their webpage does not take a clear statement.⁣
 
It looks to me you can work with⁤ anyone. But the best would be to get in contact with them.
I might plan⁣ a move to Dubai as well.

"As a member of the GoFreelance community, freelancers get⁢ exclusive opportunities to get new jobs, bid on projects and grow their network via Marketplace – an online platform introduced with the aim of supporting Gofreelance talent."
 
You can't do ANY business in the GCC,⁤ Kuwait, Bahrain, Oman, Qatar, Saudi Arabia and the UAE if you have a Freezone license.⁣
 
Right now UAE is allowing 100 percent onshore companies too. Previously there⁠ was a requirement for a local partner just for paperwork. This is a big change⁤ in UAE law recently.
 
Even before that FZ companies allowed to carry business⁠ inside UAE and GCC with some restrictions(opening restaurants, factories, etc...). Deliveroo DMCC FZ license is⁤ issued 5 years ago.
 
Diversification. Buy hard assets⁢ like gold, real estate etc so if any crisis comes in bitcoins or cryptos you︀ are still ahead of others. With real estate you can make income on the side︁ always. With gold you are simply being safe in case of problems.
 
Agree to the diversification.
But those two asset classes⁤ are very easy to slash, confiscate or are not mobile at all. Gold is also⁣ highly highly unpractical in most places and hard to move.
 
Real estate in a country other⁠ than your tax residence is always best way of diversification. They can't confiscate it just⁤ like that. Cryptos are mobile but easily stolen, hacked or can be made illegal one⁣ day by the action of law makers to protect their fiat currencies. Gold is the⁢ best way to diversify and can be stored in Singapore or Switzerland easily but at︀ high costs. I think real estate is the best and practical way especially in a︁ foreign country with some protective laws in place. For real estate, UAE, UK, Malaysia are︂ the best countries that I found so far. You can make your own choices and︃ decision.
 
They did this by opening a branch office of the freezone company⁠ in the UAE mainland.
 
Yes definitely need a DED branch license for your‍ Freezone company to expand your business in UAE but you don't need a local partner⁠ etc... this is a very common practice.
 
How do you︁ can travel to these places now? I forget about the gold storage, especially in a︂ foreign land. No chance I can reach my box in singapore now.
Everything can be︃ made illegal. The question is how this is being enforced. Some of the most highly︄ priced commodities are illegal.

They can very very easily confiscate the real estate. Just place︅ some kind of bond on it. Lets call it covid1984 relief support for the common︆ good and the poor who want the basic income?
And I place it only on︇ real estate owned by foreigners?
Hell yeah, I would love that idea as an European︈ politician, it is easy to sell and even easier to implement (cadastre).

For real estate,︉ only UAE would be of interest to me right now. Xenophobic asia is out of︊ the question and UK is a blackbox on how they play this plandemic.
 
To much major real estate is owned by foreign buyers in the UK.
Canary Wharf‌ where the HSBC, Barclays CITI, JP Morgan and others have their HQ. Is owned by‍ the Qatari's. Trophy Hotels owned by Saudi and Thai investors and major shopping centres like⁠ Westfield are owned by Australian's.

The UK will never impose such a law.
 
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