Sorry, don't agree that the market here is over-regulated, large local players don't seem to lose as often as others in the market? Are they better investors? Somehow, I doubt it. Anyone who invests in the financial or real estate markets in the GCC who is not a national is running a big risk IMHO. It is only recently that expats could invest in either, and that opportunity can be taken away in a heartbeat with no legal recourse.
Just look at the recent change in the rules for real estate, at first you could get an RP if you purchased, now it's if you meet the health checks every 3 or 5 years can it only be renewed. (I stand to be corrected on this because as I'm not interested, I don't pay that close attention).
I know several people who got caught up in speculative real estate deals in Dubai and now they're stuck with payments on flats/villas/condos that aren't even built yet - and may never be.
Sorry, don't agree that the market here is over-regulated, large local players don't seem to lose as often as others in the market? Are they better investors? Somehow, I doubt it. Anyone who invests in the financial or real estate markets in the GCC who is not a national is running a big risk IMHO. It is only recently that expats could invest in either, and that opportunity can be taken away in a heartbeat with no legal recourse.
Just look at the recent change in the rules for real estate, at first you could get an RP if you purchased, now it's if you meet the health checks every 3 or 5 years can it only be renewed. (I stand to be corrected on this because as I'm not interested, I don't pay that close attention).
I know several people who got caught up in speculative real estate deals in Dubai and now they're stuck with payments on flats/villas/condos that aren't even built yet - and may never be.
"you can't fix stupid"