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Q.
I am new to investing in condo hotels and also new to
investing in foreign countries. How do I know that Condo
Hotels Dubai does in fact have direct contact with Dubai
developer, and how can I verify that all the things
that the Dubai developers are telling you are true?
A.
Condo Hotels Dubai has been provided a litany of forms,
graphs, brochures, maps, videos, photos, finance information,
bank information, floor plans, diagrams and press releases,
all of which we are willing to share with you. If this
is a scam, it is one of the most elaborate scams in
the world, and we're not the only ones being fooled.
There are hundreds of investors from dozens of countries
who are buying into these properties.
Q. How did Condo Hotels Dubai
get involved in selling Dubai property?
A.
Our condo hotel website, www.CondoHotelCenter.com
is the leading website for condo hotels, and our condo
hotel business, Condo Hotel Center, is the world's #1
condo hotel brokerage.
Our
website was found by the Dubai developers seeking a
U.S. contact to assist in marketing their properties.
They already were successfully working with European
brokers but felt that the U.S. market would be another
good outlet for their product. At that time, they were
exploring whether to make their new planned developments
hotels, condos, or condo hotels
We
were contacted by the developers' representatives and
spent several months consulting with them and answering
all of their questions about the condo hotel projects
in America and the pros and cons of them developing
condo hotel projects in Dubai. And while they were learning
about condo hotels from us, we were immersing ourselves
in the Dubai market and learning about their projects
so that we could begin presenting them to our clients.
Once
we did tell our investors about Dubai and the condo
hotel projects, we were met with unbelievable enthusiasm.
U.S. buyers began snatching up condo hotel units as
fast as they could, and Dubai developers have been racing
to meet the demand.
We
expect more projects to be coming online throughout
2006 and 2007. We built this website, www.CondoHotelsDubai.com,
because we believe that the amazing potential of the
Dubai market and the viability of the condo hotel concept
is a winning combination.
The
above questions were submitted via e-mail by a visitor
to www.CondoHotelsDubai.com.
The answers were prepared by Joel Greene, a licensed
real estate broker, who specializes in condo hotels
and the Dubai real estate market.
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