Distress Sales Dubai Property And Real Estate
Posted Feb 25, 2009 @ 12:48 am, Viewed by 3649 Visitors, Read 5410 Times.
As with most things in life, what is bad news for some people can be seen as presenting an opportunity to others, and what has happened recently with the Dubai property market is no different in this regard. What has brought misfortune to a great deal of investors and Dubai real estate developers now presents a great opportunity to others who have the means and the knowledge to turn a bad situation into their advantage with Dubai property distressed sales with prices for apartments starting from Dhs 229,845 and villas from Dhs 750,000!! It has been well covered now that the Dubai freehold property has undergone a rapid change in the past few months. Once somewhere only associated with glamour and breath taking freehold real estate is now having to face up to a reality of falling property prices and redundancies across the city. And that is just the start. There are then numerous property delays or cancellations to factor into the situation, in what has been a rapid fall of grace for the once luxury freehold property hot spot. But for some, the opportunities presented as a result of the property crash in the form Distressed property sales is highly appealing!

With many people still having to make payments for their properties to developers’ amongst all the current financial turmoil, for some it can become too much. Left with a choice of defaulting on payments and losing the property or making a distressed sale, it makes much more sense to drop the price and make a quick sale to get the property off their hands. Distressed sales have no doubt played a large part in some Dubai villas seeing their prices drop up to 60%. Many agents are reporting that the only freehold real estate in Dubai that is currently being sold is distressed villas sales, especially on the Palm Jumeriah, a development that has a global reputation, but where villas can now be bought at 50% less previous sale prices! Prices in Dubai are still predicted to fall in the region on 30% in 2009, but even if this proves true, with the long term outlook of the market looking healthy, Dubai properties and distressed sales look a good bet if you can obtain the necessary funding!
*Please note
Due to the high number of responses to our distress sales listings you should complete the form Here in full or email info@propertyportal.ae with your full contact details and we will get back to you within 24hrs.
Thank You.
We provide expert advice if you are looking to buy, rent or sell in the Dubai Property market, please contact us today. If you are in search of apartments, villas or offices we can assist you with all of your Dubai Real Estate needs. You can also use the "Contact Me" button on the top right of this page should you wish. Call Dubai +971 4 4394302 or U.K. Toll Free 0808 1202366 today.
40 Responses to Distress Sales Dubai Property And Real Estate
Haneefa,
Can you let me have your contact details and I will send you some over.
Thanks.
Looking for Golden Mile Apartment on Palm Jumeirah, Dubai.
Gav,
Can you let me have your contact details and I will send you some Golden Mile Apartments that we have on our books.
Thanks.
To receive up to date daily listings please reply here with your full contact details and we shall email you our inventory.
Thank you.
Gav,
I received your email with your contact details one of our consultants will be in touch with you shortly I have noted it as priority.
Thanks,
Mark.
I am looking to buy a 4-bed property, preferably a villa but would look at apartment. Am a cash buyer and keen to buy at very distressed prices. Would look at locations that are fairly close to central Dubai.
Hi Andy,
Can you subit your contact details on the link below and we will get some listings across to you today with the specs that you have asked for.
Thanks,
Mark.
http://www.realestatewebmasters.com/blogs/mark-wallington/contact/
Gav,
One of the consultants should be calling you today as it is the 1st day back in the office after the weekend which is Fri/Sat here.
Let me know if you need anything else, I`m always here to help.
Mark.
Hi Andy. I have the top two floors of GIO/Galvest's G Tower in The City of Arabia (I'm the Owner, NOT an agent). Our top floor is to be divided into 2 (circa) 6000 sq/ft presidential suites (they're monsters). We have really dropped our knickers on price as we're close to defaulting on our second payment. It's still a lot of money, no question, so may be slightly over and above what you're looking for, but please feel free to get in touch if you want to know more.
PS: It's easy to to do your Due Diligence on the G Tower as it's such a high profile project, so I won't waste any of your time blowing smoke up it's arse.
Best regards
Mark
Hi,
I have 7 Villas in The Villa project in Dubai Land developed by dubai properties,which i am selling them for 10% below O.P.
I also have 2 bedroom appartments in Golden Mile,Palm Jumeirah.
I have two G+20 plots in Down Town Jebel Ali,Zone 4,facing Sheikh Zayed Road.Which i am selling them on O.P.
If any of these properties are of your interest,please let me know.
Thanks,
Rajdev.
HI I have a 1 bedroom flat at skycourts dubailand. I hae paid downpayment of 10% and have gone for a loan with Amlak. Now i want to sell it. I i am now looking for 700,000 only i have paid over a million. any buyers interested to take on let me know.
For an updated lists on this weeks distress sales for both Vilas and Apartments please add your details here.
Thanks.
distress sale of villas in The Villa project by dubai properties
Rajdev,
Can you let me have your contact details and I will get some Villa project distress sales sent over to you.
Gav,
I followed up on your message to me yesterday and have been told the offers have been sent twice and they will call you today just to make sure. Let me know if you need anything else.
Thanks.
Mark.
looking for distress sales as we have cash buyer ready to invest.
Hi All,
I'm looking for distress sale in the prism tower - Business Bay. Require 7,000sqft for end user. Please let me know if you have anything.
Thanks
Amit
Amit,
Please forward me your details.
Thanks,
Mark.
Hi i really looking for a distress sale in SPRINGS for a villa 2 bedrooms 4E type...
THANK YOU.
Alessandra,
Can you complete the form here in full http://www.propertyportal.ae/contact-us.php and I will have some of the 4E Villas sent across to you.
Thanks,
Mark.
Hi
could you email me your details so that i can send you some details on the villas we have .
hi, i want some distress sale in JVT plz let me know if you have some thing direct...
We have a whole selection of new properties available both villas and apartments please contact us if you would like to have the up to date list emailed to you.
Thanks.
Plz contact with me
I have villas, building, flats with direct owners
Thanks
I have a studio in the Crescent development that I’m looking to sell.
It has vacant possession and has just been completed.
Appt Details:
506 sqft
Blcok B, 17th floor.
OP was 552,000
will take offers !!
Hello
i am looking for 1 B/R appartment in JLT for a cash buyer price 650K
Looking for a good deal in palm jumaira Beach, palms.
Dear All
We are not real estate brokers and we do not intend to act as one but what we are looking for buyers who may be interested in buying over off-plan portfolios (distress sale / s) from our clients in a direct deal with them.
Projects
- i Dubai (multiple floors)
- Ferreti (multiple floors)
- Dubai Pearl (multiple floors)
In case, interested then you may get in touch with us. Please note that we shall not charge any commission / s as this is not our trade but we shall assist you with the legal documentation and any other assistance!
Hi,
Iam interested in distress sales. Particularly villas, jumeriah islands, emirates hills etc..
regards
Naresh,
Can you fill in the contact us form here in full http://www.propertyportal.ae/contact-us.php and we will get some listings over to you for distress properties in Dubai and United Arab Emirates.
Need a two bed apartment in JLT. Can you help?
i want to sale one bed Appartment in Elite7 Project Dubai Sports city.
Send me distress sale info
Looking for 2-3 bedroom apartment/townhouse, Dh 1-1.2 million range. Preferably new or soon to be finished for cash purchase.
James & Tariq,
Can you both give me your contact details here http://www.propertyportal.ae/contact-us.php then we can get some offers over to you with regard to your requests.
Thanks,
Mark.
We have new up to date listings for all our distress sales for apartments, villas and commercial in Dubai out today.
If you would like a copy please email us on http://www.propertyportal.ae/contact-us.php
Thank you.
Tiara Residence (Palm Jumeirah), Rubi. 1 B/R, Burj al Arab view 1309 sqf 11-12 floor 2,2M
The Executive Towers L
Hi Mark, I am intersted in contacting Mr. Rajdev regarding his villas in Dubai Land I would be gratful if he could replpy to the above email address.
Regards
Wayne
Wayne,
He`ll hopefully pick up this post as he`ll get a copy. Can you also email me all your details on the info@ link on the post and we`ll be in touch.
Thanks,
Mark.
Hi
Looking for 3 bedroom apartment/villa, Dh 1-1.5 million range. Preferably new or soon to be finished for cash purchase preferably with sea/lake view and on a high floor
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Pl let me know if any good deal in PALM JUMERA, PALM DEIRA