All Forum Posts by: Morgan Nilsen

Dubai is the highest volatility market i have come across as an investor. This means it can be very profitable if you buy at the right time, but can be brutal if you buy at a peak. The markets offer low to medium gross yields that max out around 7% if you buy in todays market. This is significantly lower than the mid west in the US.

A really nice thing over there is that rents are often payed once per year.

Dubai have a very consentrated power and decision organ which leads to very low predictability. Its awesome to see how fast Dubai is changing, but in real estate investing you want slow and steady. I admire the rulers of Dubai for their vision and ability to put those into life. But it make it hard to predict the future. For that reason my money is elsewhere.

You are almost never alowed to do your own renovations, and have to pay an application fee to get approval to do work on your rental. The labor is cheap but is usually terrible quality.

You have very little insight into the governments plans for development and i have seen that have amazing impact on some areas and terrible impact on others.

If you are going through with the purchase i wish you good luck and urge you to consider traffic patterns. Traffic is horrible at peak our in certain areas and you will do well to look into that.

Last i want to say that i have not really seen rents fall significantly in many markets, but in dubai i see it frequently. So buy with good margin for reduced income.

@Charles Rosenbaum can you please elaborate on why you say its considered one of the safest places to invest? My current understanding of the market make me disagree completely with that statement, so what have i missed?

Thanks Lindsay! 

I do love it here! Got an Australian wife, and have been here a few times myself! Hope to one day call this place home. 

Hey! 

Im a Norwegian Investor that live in Dubai and invest in USA. Im currently on vacation in Perth, Australia and would love to meet up with any fellow BP members! Please contact me if you have availability between today and the 8th of September!

Im hoping to discuss the market in Perth and share my knowledge of the USA markets that Im familiar with!

Looking forward to hearing from you!

Morgan

ive never heard of anyone doing ownerfinancing in Norway, but i wouldnt discount it until its been looked at from a legal perspective. I see no reason why it shouldnt work

hey Thomas! Lets talk! Ive hosted a few meetups in Norway and dubai for real estate investors and would like to merge our networks!

i got 6 single families in 46226. Happy to talk to you about my opinion. I prefer skype calls. So pm me and lets set it up

Hey fellow BP members!

On this coming saturday 12th of Aug, there will be a meetup in Oslo, Norway at 16.00, We will find a location in Ostbanehallen (right next to Oslo S train station). Exact location remains to be decided. Look for updates here, or reach out to me privately on +47 4844 6084.

The meetup is free, and casual. Doesn't matter if you have done hundreds of deal or if you are thinking of doing your first one. The only requirement is that you are interested in discussing real estate. So come and join us and make some new friends and contacts! Feel free to bring friends that are interested in real estate investing too! 

Hope to see you there!

Morgan Nilsen

PS, its a good idea to notify me in some form or another if you are coming so that I have an idea of how many that will show up. I need to make sure we get enough seats for everyone!

if this property is still available i would like to learn more. my email is [email protected]

hello Elena!

Really glad to see you are interested in RE investing. I too live in Dubai and I invest in Norway, Australia and USA. For me the best market is by far the USA market im in which is Indianapolis. 

Im currently traveling for the summer, but will happily connect with you once im back in the sandpit. Perhaps I can share some information that is of use to you!

8000kr. easy call :)