High everyone,
Has anyoner any up to date information about investing in Dubai.

I looked on the property secrets web site and the last mention is the back end o 2007.

Regards,

Tinkerbell

Hi Tinkerbell. I am still waiting to complete on the Palm Jumeriah (trunk) which is now going to be Mid 2009!!! the capital appreciation is great. the rentals should be fantastic.but.....do not reply on a mortgage over there...sheer hell. I am now paying in cash.look our for the penalty clauses...
Lynn R

Lynn - You might have done well on an investment made quite a few years ago but that does not mean capital gains will be good for someone looking to invest into Dubai now.

I read recently there are about 1700 projects in progress in Dubai and there are a very high percentage of investor buyers in Dubai as well.

I can see a few years down the line a lot of investors will try to sell at the same time and I don't know if there will be enough buyers to support prices.

Hi brett. I have already been offered Dhrms. 3.151.000 for my 1 bed apt on the Palm Jumeriah, and I have been told by 2009 it will be around 1/4 million pounds. The reason being because it has a good address. The Palm Jumeirah is the baby of sheik Mohmammed. If I foresee a problem I will sell, but the reason for my response to tinkerbell was to say just beware of the sales talk cos to get a mortgage if you are self employed is impossible at the moment. The Russians, West African all go over there with carrier bags full of cash. Resales are doing well now in dubai, contrary to what was said a few years ago. It really is where you are buying. as we say location,location,location
Lynn R