[aveshbachav]

Well, when I set out to buy property in Dubai, I was offered a one bedroom at marina for 250K, I had teh bucks but my passport had expired and it took me 10 months in india to get it renewed. That property is worth 650K now with good location where rich ppl live (posh!!) generating 60-70K a year. I had the choice of getting a studio at the greens for 200K and a one bedroom for 400K ( i dint have 400K tho), not greens is the preferred place, posh and worth 700K. Frankly, IC one beds was selling for 399K 30 months back at gowealthy so i was getting it for 300K so i thought i m making outright 100K but guess what gowealthy dropped prices as there were no takers at 400K and they started selling for 330K. Plus, if I came this investment with house prices in india, 100K in india 3 years back has become 200-300K now and its growing without the fear of falling too much because of the population unlike tiny population of Dubai. Plus Dubai is still dependent on oil even tho ppl say just 6% GDP comes from oil but yet Dubai economy is running on oil money as Dubai has no other income of revenue to build infra structure projects. Plsu Dubai is dependant on Spending of Abu Dhabi Govt projects, which Dubai based companies grab aand hence dubai gets rich but still no taxes in Dubai , i mean incoem tax so no revenue, only revenue is car parking and the like where middle class is affected!!! Yes, I was getting JBR (yes jumeriah beach resort studio for 299K that time but they were not providing residence visa facility so i walked out, the studio was worth 900K 18 months back, dunno now). I thought IC was gonna be some near marina ( infact i mistook it for being the place where DIFC was gonna be based) well DIFC and IC are diff. Anyway, profit is enver bad , I am happy alhaamdulillah but i hoped everything my agent said was true liek 2000 AED as maintenace fees for 2 years fixed, etc etc.

Any, I am happy and thankful and the more thankful you are , the more you are bestowed with.