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Q.
Is it better to invest now or possibly later once the
country has had more time to be developed?
A.
NOW! What's the difference? Let me ask you something.
If you could go back in time, wouldn't you buy property
in Orlando, New York or Las Vegas? Wouldn't those have
been great investments? Wouldn't what you bought two
years ago, five years ago or 10 years ago, be worth
significantly more today? Couldn't you sell and make
a huge profit?
Dubai
is the Orlando, New York and Las Vegas of the future.
The country has only been open for private investment
by outsiders for two years, and in that short time,
it has become the fastest growing country in the world.
Property appreciation rates, while difficult to precisely
verify, have been anecdotally quoted at 30% to 60% per
year. If you want to bet on which way prices are going,
bet the house that it's up, up, up!
You
have a unique opportunity to be a part of a developing
nation, one that is extremely rich and technologically
oriented, and run by extremely savvy businessmen. The
rulers have taken a look at all of the world's markets,
identified the most successful ventures, and then sought
to not only copy them but to better them. They are investing
in infrastructure, technology and people talent.
We
at Condo Hotels Dubai truly believe that the sky is
the limit for this developing nation, and we are proud
and pleased to be a part of its growth.
The
above question was submitted via e-mail by a visitor
to www.CondoHotelsDubai.com.
The answer was prepared by Joel Greene, a licensed real
estate broker, who specializes in condo hotels and the
Dubai real estate market.
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