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#1
04-19-2006, 12:48 PM
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dubai property investment questions :)
Hey Everyone-
So as I'm the only child -- yup, no siblings! -- and my parents are pushing 70, they want to help me start accumulating some property as soon as practicable. They are prepared to help me start even if I can't move into the new place since I can simply rent it out in the meantime. While ultimately I plan to have a place in LA for after law school in 2 yrs (or next year if I can transfer to USC!) I'm thinking of getting a place anyway, anywhere worth investing -- IF it's lucrative enough such as... DUBAI.  I've been reading up on it, and it seems that since 2002, any foreigner can own the property AND the land (for up to 99 years?). And check out property prices now: they're DIRT cheap. Any thoughts? What do you guys think? ALSO: I'm also a member over at 6speedonline.com ... there's a guy there who wants to set up a Koenigsegg (sp?) dealership there... now THAT's a good idea 
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MARC/CROSVS | UCLA Bruin, B.A. Econ, Aug 2004 | J.D., Thomas Jefferson School of Law, May 2008 -- MEMBER: California State Bar, December 4, 2008 2005 BMW 645 Cabrio | Black Sapphire Metallic, Ti trim | 6AT | fully loaded sans HUD 2000 Ford Mustang V6 | laser red on tan | 5-spd | track-prepped Last edited by crosvs; 04-19-2006 at 01:17 PM. 
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