Investing in Dubai and UAE-Purchasing Property

[gurey25]

You could not buy property in Dubai and Abudhabi the 2 biggest emirates till 2003 for dubai and 2005 for Abudhabi.

Sharjah has always allowed sale of land to anyone, and i know many somalis that have owned thier own homes from the 80's.

[Murax]

Investing in Carab land is pure stupidity to me.

[cabdallah252]

[quote="gurey25"]
Cabdullah there are only 2 somali families that own land in that area.

loool

its gonna be easy to track you down if you are telling the truth..

dude, you are selling yourself short, today if its in the Jumerieah area the land alone is worth 2 million dirhams, at least.. its the most expensive sqaure meter in the Middle east.[/quote]

indeed somalis are scarce here,

now it might be expensive, but 17 years ago it was dirt cheap, the whole area was deserted when we first moved in, now its fully build all around us

the neighborhood is mostly made out of rich turks and iranians, whites (mostly brits) and few emiratis

[neocon_2007]

Not when its the fasting growing city in the world. Imagine being able to invest in NYC at its lowest point you'd be a fool if you didnt.

[gurey25]

dude i live here , im down in dubai marine every weekend..

you dont have to tell me.


lol

[Sanaagian]

gurey

what you think about these guys

http://www.manazil-uae.com/mt3-1-20.html

are they serious

[neocon_2007]

[quote="Sanaagian"]gurey

what you think about these guys

http://www.manazil-uae.com/mt3-1-20.html

are they serious[/quote]

What do you mean serious? Is that a development by a Somali Company?

[Sanaagian]

yes the agent is Somali
fabolus man.

their website has changed , it was much better before

[gurey25]

where does ot say this is a somali company?

i know of 2 projects involving Somalis, but not this one

[cabdallah252]

if you guys are searching for real invest opportunities the UAE is an already matured economy and will not boom that much, investing in emerging markets like nigeria, india, angola, morocco etc is currently much more profitable

[Alchemist]

Gurey how is Ajman sxb?

[Sanaagian]

are you familiar with the term AAA cabdallah ?

and how about the distance

I would invest in UAE because I like the place...also
not only money issue

[Murax]

[quote="neocon_2007"]Not when its the fasting growing city in the world. Imagine being able to invest in NYC at its lowest point you'd be a fool if you didnt.[/quote]


A place where you're lightly regarded isn't a place to invest in long term. However for business purposes I can understand people living there.

[gurey25]

Murax

over here if you have money they love you,
if you dont? ge the fok out thats the philosophy here..

[neocon_2007]

Who cares about Arabs if you can get wealthy off their land then fock em. Murax I wouldnt live their just invest. All non-whites face massive discrimanation from the emirates, UAE should be a stopping point not a place to live long term.