Foreclosed and Distressed Investment Properties in United Arab Emirates
The United Arab Emirates, often referred to as the UAE, is a country located in the Middle East on the southeastern coast of the Arabian Peninsula, and has borders with Saudi Arabia to the south and west, Oman to the east, and the Persian Gulf to the north.
The seven emirates comprises of Abu Dhabi, which is the capital and largest emirate, known for its oil wealth, and Dubai which is a major global hub for business, finance, and travel.
Also Sharjah, which is considered the cultural capital of the UAE, Ajman which is the smallest, yet still well-known emirate, Umm Al Quwain, the second-smallest emirate, Ras Al Khaimah which joined the UAE in early 1972, and finally Fujairah which is the only emirate with a coastline on the Gulf of Oman.
The UAE has become one of the world's most well-known destinations for real estate investment and luxury property ownership, and currently the emirates that stand out the most on the global stage are Dubai, Abu Dhabi, and Sharjah.
The Seven United Arab Emirates - popular with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
How to buy, sell or rent properties in United Arab Emirates: