Realty Zone

Dubai Investment Properties (DIP), one of the leading real estate developers in UAE, today announced the launch of its exclusive multi-million ‘Sunset’ mixed-use development project in Dubai. The signature ‘Sunset’ development will include a high-end luxury shopping mall, boutique offices and lavish residential apartments in the heart of Dubai, along beach road in the upscale Jumeira 3 neighbourhood and stretching out into the waters of the Arabian Gulf.

“Sunset will be a unique development combining the best in architecture and the latest ‘green’ technology initiatives. It will be a real piece of art, where sophisticated, intellectual and brand-conscious customers can indulge their tastes for opulence and high living, with exclusive facilities and services. Sunset will set new standards in shopping in Dubai and will become the preferred venue for customers, who appreciate discretion, exclusive service and an ambience of elegance and class,” says Mr. Francois Faure, Executive Director, DIP.

With the launch of Sunset, Dubai Investment Properties plans to set a new parameter in luxury retail experience for customers looking to buy high-end international brands and become the most prestigious address for lifestyle seekers in Dubai. Sunset Mall will host over 97 outlets with a strong retail mix, including new high-end retail store concepts as well as international boutique brands. The mall will also offer customers VIP services and fine dining experiences with gourmet food restaurants, all of which will offer panoramic views of the Arabian Gulf.

Sunset will feature engaging architecture designed to showcase the best of international and local designers. Arkiteknik International, the architects for this development, have combined water, glass and steel at the Sunset Mall to offer retailers and guests an experience like never before. The interior of the Mall will feature the latest innovations in LCD and LED technology, offering visual effects not seen anywhere else in the city.

You have probably read all the information on the market as it relates to real estate investing and are well aware that many of the world’s millionaires made their fortunes in the real estate market. As a result I’m sure that you feel ready to throw your hat into the ring and begin your own real estate portfolio. There is certainly nothing wrong with this as an investment strategy though there are many wrong ways in which an investor can go about the process.

Flipping properties is my field of experience and a good deal of what will be discussed here will relate to flipping properties though some of the information can be crossed over into rental properties and other types of real estate investment. Even personal property can be a real estate investment. Real estate is one of the few forms of investment in today’s society in which you can actually see the changes as they are occurring.

It is truly amazing to watch a property that was once neglected and in a state of disrepair suddenly spark back to life right before your very eyes. There is a lot of work involved in this process though and this is often overlooked. Much like labor in light of birth. The pains are quickly forgotten when looking into the face of the outcome.

Keep these things in mind for your first time and you should be well on your way to future success. You should also realize that the first few investments are learning experiences more than anything else. If you do not achieve the success you were hoping for (or success to a lesser degree than hoped) you should not give up on the dream all together simply learn from the mistakes you will make along the way as well as the mistakes that others have made.

Real estate investing is not an exact science. There is no formula in this business that guarantees success. Even seasoned professionals will find the occasional bump in the road even on a property for which they had high expectations. Stuff happens along the way that cost money, delay the project, or set the project back. These things are stumbling blocks no doubt but should not be allowed to derail the entire project. When these things happens go back to your original plan, reassess the situation and create a new plan with the necessary adjustments in mind. The key is in sticking to a plan the entire time and never throwing the plan out the window and flying by the seat of your pants.

Your plan will be your lifeline throughout the project. You need to have a plan and a budget in writing. One great rule of thumb is that you set aside double the amount of money you plan for in your budget. This gives you a bit of a safety net for the inevitable things that will go wrong. Things will go wrong on almost every flip you encounter. Even the seasoned professionals that have television shows about their flipping efforts encounter problems in almost every single flip, rehab, or renovation.

For your first few investment purchases it is recommended that you purchase properties that need little more than minor cosmetic repair rather than complete rehabs or renovations. This allows you to get your feet wet without the incredible risk of going off the deep end mentally, emotionally, and financially. These properties represent lower profits but also lower risk. They also allow you to gain valuable experience and raise a little capital in which to invest in properties requiring more extensive work in the future.

Keep your eye on the carrot at the end of the project. Far too many would be property investors give up just before they reach the point of true profitability. The goal is the profit at the end of the project.