... and it's worth to notice -
the massive inflation (conservative guess of more than 30% of the Dirham value in the last 4 years alone) is also wiping out most of the recent gains of the real estate assets,
So - if you want to sell your sandy place & transfer Your money into a civilized country - with future perspectives /unlike the sinkin' ship Dubai UAE / with out-of control spiralling costs - due to incompetent government
- there will be a really bad awakening in the not so far future!
and the so happily posted "70-80 % gain in real estate" is just a virtual figure" just happening in the "detached Dirham World" - as there might be just maigre 25-30 % gain left, after subtracting the massive inflation over the last years - unless You want to sit the rest of Your life in crappy JBR, sandy Palm, in Springs or the Arabian ranches - i'm glad i sold there last year -
and i will NEVER look back or regret it - Scouts honour!
The last one switches of the light - please !!!
