Investing in Middle-East Real Estate, Can you make money?
Friday, January 9th, 2009It’s time to compare and contrast–this is my favorite part of real estate investments. In Carlsbad, California, a 3 bedroom, 3 and a half bathroom home with a marvelous–emphasis on marvelous–ocean view, home, styled like a palace, is up for two and a half million dollars. In the Middle-East, a populous city called Dubai, to be exact, is selling an apartment for no more than 2 million USD.
You may be thinking, ‘That’s nice, but what about that marvelous ocean view in California?’ Good news–these apartments are stationed on an Island, immersed in water. You can’t get more oceanic than that.
People all across the globe who are looking to venture far and elaborately don’t need to look any farther than the Middle-East. With so many conflicts rising, this might be a laughable remark. But the only person laughing, in the end, will be the one who made the remark. The Middle-East is a bankable conquest! With so much availible property built on land so breathtaking and near oceans so vast and remarkable–and selling at an affordable price–the Middle-East will be more sought after than mansions in Paris and palaces in Italy. A) The land is just as beautiful. B) You can make more money in the Middle-East than you can in any part of Europe. I’m not saying you should be looking at Iraq Real Estate or something, but there are SAFE countries in the Middle East too!