2007-01-05 05:56:26 · 6 answers · asked by shahram00712 1 in Business & Finance ➔ Investing
It could be. They have a grand housing development, an artificial piece of land jutting out of the coast looking like a palm tree. The government has special arrangements for foreigners to buy into that, and some American celebrities have already.
One of the things that sometimes happens abroad is that countries sometimes have certain areas where the laws and taxes are different in order to obtain foreign investment. If you buy inside one of those recognized areas, no problem (or not as much problem)--but if you buy outside, well, as one person told me about buying some land in south america, "You can always tell when the real estate agent is lying--his lips are moving." Good luck, though you probably won't need as much of it in Dubai.
2007-01-05 06:17:43 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
Yes it is worth investing in Dubai properties. You can expect a ROI between 12-15 easily. However, you should know where to invest and what type of properties are the best to invest.
There are real estate companies to manage your investment property. So you do not have to be physically in Dubai.
2007-01-08 06:17:51 · answer #2 · answered by uthkusa G 2 · 0⤊ 0⤋
Generally, you should live within two hours of your real estate investment so you can check on it. There's no way to know if someone is legit or ripping you off. I think you'd be taking a huge risk.
2007-01-05 14:39:46 · answer #3 · answered by Katherine W 7 · 0⤊ 0⤋
i'm no pro, but with the way dubai is growing, i'd say yes!
2007-01-05 14:02:11 · answer #4 · answered by ogrulesyou 2 · 0⤊ 0⤋
Yes.
2007-01-05 16:02:26 · answer #5 · answered by Anonymous · 0⤊ 1⤋
in my opinion, its a definite yes. its a growing city in both population and industries. so i'd go for it.
2007-01-05 14:04:50 · answer #6 · answered by bmn44 4 · 0⤊ 0⤋