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Here is my quick recap of my general knowledge.
Historically, Dubai or Dubai City part of the UAE, is about 150 years old prior to the formation of the UAE, and is one of the most stable nations in the Middle East.
It's rich in oil and has had a relative good economy for many years. Sheikh Mohammed has created many projects in Dubai in the last 6 years that have amassed to over $300 billion in new development.
Most western global companies are building in Dubai and some large companies such as Halliburton have moved their headquarters to Dubai.
So, if you ask me, whether it's prudent to invest in Dubai properties, I'd say yes, for a short term, up to 12 years. Do I foresee economic bubbles in Dubai any time soon, nope. I see a an economic shift from New York to Dubai, having China becoming the world's largest economy in just a few year, Dubai is positioning itself to be the next economic powerhouse for the Asian market.
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RentersQ
How's your rental history and what's on your RentersQ Record?
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