About this episode

Paul and Steven discuss their experiences and lessons learned from the Dubai real estate market over the past 20 years.

What can missing out on millions in real estate teach you about making them? Before the 2008 crash, Paul owned 15 off plan properties across Dubai. He lost 14 of them after the financial crisis, left with just one apartment by the end of 2009. That apartment, a Tiara Residence unit he’d bought for AED 2.3M, had been offered to him at AED 5.5M in May 2008. He turned it down. By November 2011, he sold it for AED 1.9M. Today, that same unit would cost you AED 5 to 5.5M. Paul and Steven explain ...

People in this episode

Guests: Paul, Steven

Topics covered

• real estate
• financial crisis
• investment lessons
• property market
• Dubai history

Keywords

• real estate
• Dubai
• financial loss
• investment
• property value
• market crash
• Tiara Residence

Mentioned in this episode

Products: Tiara Residence

Places: Dubai, AED

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