Opinion required: Would you invest in real estate

Sean_C · #1 (**permalink**) 26th October 2009, 03:30 PM

I need your opinion on whether, despite the economic downturn you would still consider it safe to invest in immovable property like an apartment.

jojo · #2 (**permalink**) 26th October 2009, 04:51 PM

Quote:

Originally Posted by Sean_C

I need your opinion on whether, despite the economic downturn you would still consider it safe to invest in immovable property like an apartment.

As your status suggests you're in Afghanistan, do we assume you mean an apartment there?? LOL

Jo xxx

Sean_C · #3 (**permalink**) 26th October 2009, 05:09 PM

Sorry. I meant investing in Dubai and specifically in the downtown Burj Dubai area. But then since I've posted this message in the Dubai forums I would have thought that its self explanatory.

jojo · #4 (**permalink**) 26th October 2009, 05:16 PM

Quote:

Originally Posted by Sean_C

Sorry. I meant investing in Dubai and specifically in the downtown Burj Dubai area. But then since I've posted this message in the Dubai forums I would have thought that its self explanatory.

As you're new to the forum its best that we make sure you havent made a mistake??

Jo xxxx

Sean_C · #5 (**permalink**) 26th October 2009, 05:22 PM

why isnt anyone responding?

marc · #6 (**permalink**) 27th October 2009, 05:00 AM

depends what u are interested in? - long term yield? - ROI, or you want to make a quick buck?

flossie · #7 (**permalink**) 27th October 2009, 06:14 AM

I would never, in a million years invest in Dubai. Have already stated why on another thread, so maybe do a search. But then, I'm not a financial adviser, esate agent (LOL) or millionaire, so what would I know.

marc · #8 (**permalink**) 27th October 2009, 06:22 AM

everyone is either pessimistic or optimistic so you need to make your own decision, I would say that in the right area and the right price its still a good investment - but im sure loads of people would say WTF, bull**** etc, its your opinion.... so you should do some research. but again the articles you will find are one extreme to the other.

all I know, is in business I go by...

''Be fearful when others are greedy and be greedy when others are fearful''

and that has worked well for me in the past...

Sean_C · #9 (**permalink**) 28th October 2009, 03:32 PM

Thanks Marc for the response!

Sean_C · #10 (**permalink**) 28th October 2009, 04:52 PM

the question is how long is it going to take for the real estate sector to revive to a respectable level....