search 7days.ae and see todays article titled "International Pity". Sorry still can't post links
What ever anyone else thinks of the investment, the facts are simple about the development....
"Raw sewerage flooding the streets every 15 days or so..."
Just to clear something else up - i'm not racist. Everyone who moves to dubai leaves behind their home and friends, ppl from the same cultural backgrounds are more likely to enjoy the same things. Its kinda like surrounding yourself with some likeness of what you left behind thats all. I hope you all can understand this.
With regards to the returns i do agree that you are getting your 10% return on investment, but take a drive through the place and you'll see most places have signs up saying "For sale or rent". Their does seem to be a lot of desperation from some owners. I am happy that you have found a tenant but not everyone has been so lucky...
I am just expressing my views and I hope some others will be able to take them in objectively as I am someone who lives in dubai and has first hand experience in the market.
I will keep posting any articles i see in the local newspaper, for anyone who is interested.