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  • Profile photo of seckers_uaeseckers_uae
    Member
    @seckers_uae
    Join Date: 2005
    Post Count: 1

    AH Finally a sensible response!

    Investhut speaks the truth! I have lived here myself for 6 years now and have only invested back home in AUS. All of his points are still valid (and true). Be VERY CAREFUL when doing business in the Land of Sand. No offence but Mr dubaiprop sounds very "salesman like".  I have some friends and work colleagues who have been severly "burnt" investing here, I also have some colleagues who have done extremely well they have timed the market correctly, it's all very risky and corrupt.

    I can confirm indeed that:

    1) its not democracy, its sheikdom… rules can change anytime… and as the ruling family sees fit.  – WHICH HAPPENS WEEKLY!
    2) for same job, that an arab national does, a white person does or any other nationality. everyone gets paid differently..  – READ LESS!
    3) currently everything is over developed….. but little or no infrastructure in place to support it… yes the train lines are coming,,, but it needs more of everything…  – EXCEPT WE NEED LESS CARS!
    4) there are many many buildings which are sold basically to black money of the world… and most towers in dubai marina, palm jumeirah etc.. are mostly empty…  – READ THE MONEY LAUNDERING CAPITAL OF THE MIDDLE EAST!

    Take care and good luck to all. 

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