Quote:
Originally Posted by kashaziz
You know, when I first visited Dubai, I was really impressed with all the development going around and apparent concern for safety and sanity. However, bit of digging revealed not-so-rosy facts.
I did couple of posts on the property situation in my blog but as for now I am not allowed to post links here, I would recommend going to chowrangi[dot]com and do a search about 'Dubai Property'.
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Market will never burst.
Very clever people are running the business in Dubai and they know when to stop and when to start.
What I know for sure is that smelling or not IC is a golden mine for the investors and is the only development with a steady price grow in Dubai – could be 15% per year but has so much headroom that you can’t loose. 15 % capital gain and 10 % rent return per year will triple your money in just five years.
And the money they don’t smell