I live in the U.S. i found out about what they are building in Dubai. I think it's amazing.... I would like to know if it would be a good idea to buy property at the Palm island as investment and how to go about it.
2006-10-23 16:25:06 · 4 answers · asked by x3mbullet 1 in Business & Finance ➔ Investing
i have people in dubai and they all said to me its a waste of money bcuz the islands constructuon is not done to last. some parts of island have already began sinking. and if u buy u have no gaurentee on wat your getting i suggest u buy somewhere else. hope this helps
2006-10-23 17:42:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Do you know any contact over there?
if not, your money may be at risk!
Before you invest to an unknow location, you better take a trip to Dubai and see what it's look like in real world and find out some agency that you can trust before putting your money in to the sea!
2006-10-23 16:49:54 · answer #2 · answered by chiscrap 1 · 0⤊ 0⤋
keep in mind its artificial land and has to be maintained continually. the shores are under extreme and constant erosion . They have large sanddigging ships for the job of "repairing" this erosion and i wonder how long they'll keep up with it. I'd say its a fragile investment since its a fight against nature.....
If i knew there was a large corporation on one of those islands with pricey shares , i'd sell short their stock and wait off cuz nature always wins
2006-10-23 22:14:29 · answer #3 · answered by Bitstorm 3 · 0⤊ 0⤋
If I had millions, I would buy property there. It is one of the most expensive places in the world...so you better have a sh*tload of money if you're considering living there.
2006-10-23 16:28:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋