Craig,
Just saw your post.......
Firstly, this is not a joke or insanity.....or is that the way you treat every opinion that dissents from yours?
Secondly, please can you point me in the direction of your source that says the debt here is more than GDP?
Thirdly, your opinion about substandard concrete in the desert, I think, misses the point of investment. While the standard is always a concern, what is more important is what level of rental income the place will deliver. As much as I would love a place in the mountains, no-one is going to pay me big bucks to rent it from me.
People always focus on the capital growth of their investments and while this is a factor, there are many risks to your investment including the risk that you will not get paid an annual return. The fact is that UAE is one of the most landlord friendly countries in the world. When last did you have to spend 3 months in court trying to evict a tenant for non-payment in the UAE.
Cheers