residential investment property

No one can say that Dubai is not forward thinking in their plans for the emirate. There seems to be a never ending supply of new developments and staggering construction projects. An interesting statistic I came across recently –

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Soaring 333 meters high with 72 stories and 480 suites, Rose Rotana Tower in Dubai leads the list of the 10 tallest buildings completed in 2007, the Council on Tall Buildings and Urban Habitat (CTBUH) reported recently. The tower, which is developed by Bonyan International Investment Group, is also regarded as the world’s tallest single-use hotel building.

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As a professional overseas property investor, I am only too aware that I am constantly one mistake away from bankruptcy – that’s all it takes – one investment gone awry, one condominium building that didn’t get built, a sudden unexpected drop in the market, a burst real estate bubble, and I am back to washing dishes. Well, maybe not quite that bad – I might have to sell one of the Bentleys, which would be almost as much of a disaster.

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The image “http://www.channel4.com/money/media/images/medium/forSaleByOwnerSign.jpg” cannot be displayed, because it contains errors.What are FSBO homes, and can you really make money flipping them? First some definitions. “Flipping” refers to buying and selling real estate for a profit over a short period of time. Some “flippers” are looking only to make money from buying low and reselling quickly, while others repair and improve or otherwise add value to the property before selling it – an important distinction we’ll get back to in a moment.

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