patersc1

I will be starting a contract in KSA at the end of March. Contemplating an apartment in Dubai for weekend R&R (will have a multiple entry/exit visa.) Any opinions on property in Dubai as an investment? New build such as 'the palm'?

Cheers
Charlie

philipz

Well all the property on the first palm (palm jumeirah) was bought and is now being re-sold, of course at a higher price. The second palm (palm jebel ali) hasnt gone up for sale yet, and also the third island (the world) is only in its starting stages. If you are looking to get something now, then you should have a look at the property that has been built from companies like EMAAR and DAMAC. You can find more information about free-hold property in the link in my signature. Hope this helped.