Quote:
Originally Posted by Safdir
Hi
I am UK investor considering buying property in Dubai or Abu Dhabi for flipping after 3 to 6 months. Is this still still a viable way of investing?
If there are so many new projects being launched all the time at pre launch straight from the developer why would anyone choose to buy a resale property 3 or 6 months after?
Which projects or developers should I look out for at Cityscape?
Any advice would be appreciated.
Saf
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Apart from a piece of paper nothing else you can buy.
Well all the papers are different some will become really nice flats, some will vanish and some will make you 20 years older, but it’s a good try.
Emaar is the most expensive developer but on the other hand the most reliable.
Nakheel – you never know too many big fishes in the company and can expect everything.
Some small developers are ok, study the history of each one of them and pick the correct one.