That is very sad story to hear. The last thing an investor needs is surprises. The Pearl could be nice but I wonder how they will fill that place. Possible, a reason why locals buy property in riff-raff countries anyway so they can delve in the local culture, right ?
Alternatively, wait another 6-12 months and buy something in Dubai Marina area at bottom prices. Abu Dhabi could be an option as 11,000 flats (!) were put on the market during Q4 2011 alone. So as an investor and you want stay in the area, you are in a comfortable position.
That is very sad story to hear. The last thing an investor needs is surprises. The Pearl could be nice but I wonder how they will fill that place. Possible, a reason why locals buy property in riff-raff countries anyway so they can delve in the local culture, right ?
Alternatively, wait another 6-12 months and buy something in Dubai Marina area at bottom prices. Abu Dhabi could be an option as 11,000 flats (!) were put on the market during Q4 2011 alone. So as an investor and you want stay in the area, you are in a comfortable position.