Category: Real Estate

Real Estate

Investment In Dubai Real Estate

Investment In Dubai Real Estate

Investment in Dubai Real Estate


Helaine Bakst

A good place to invest is not always the one that gives you highest return on investment in favorable times , not the one which promises to keep you growing with it without any framework to do the same, it is one that is robust to external factors and has enough resource planning and skillful thinking to maintain its backbone even in the deadliest of the storms and takes you up the ladder in better times without letting you fall from it in darker days. The recession of 2008-2009 saw most of the economies of the world falter like a tower of cards devastated by a gust of wind.

The economy of Dubai too did shake , but it had enough in it to fight back the recession and come up with alternate economies to help the city survive the much dreaded recession. There were reports that the recession hit the city so bad that the prices of real estate dropped by nearly 50 percent and there were hilarious yet scary instances of people evading their villa, disowning their Porshe\’s , Landrovers and fleeing Dubai as they were afraid to pay the loans they had taken to support their luxurious lifestyles.


But the government had backup plans, when real estate crashed they relied on tourism ,which actually was their savior in those years and let to maximum occupancy in hotels which in turn promoted growth of real estate. This cycle of dependency is very important for any economy to survive and thrive as, there is no sure formula of one particular sector doing good all the time, in those times the other sectors should manage to catalyse the economy. Great economies are results of wise decisions, one such extra ordinary decision was taken by the President of UAE to help the completion of Burj Dubai(then) ,the tallest skyscraper in the world. With this decision the tourism of Dubai has risen to unexpected limits as every traveler has the wish to have a glimpse of this outstanding modernist architectural masterpiece.

Now Dubai and rest of the world have mostly recovered from the shock and effects of the then hit recession, but where most of the economies are still sluggish in picking up, and are not putting any ambitious projects on their cards-includes the biggies US and Europe, surprisingly or rather not so surprisingly economic growth of this emirate has hit 4.4 % in the past year which is higher than its growth pre recession period in 2006. This clearly shows the robustness of the economy ,as even after such a debacle of finances over the globe it manages to overcome the shadow of frustration, fear, destruction, silent death and shown to the world that it is the Zenith of success ,happiness , security, Prosperity and growth which the economy of Dubai always strives for and where its economy is always meant to be.

All said and done, the ones who abandoned their Porshe and Landrovers and their suite houses for fear of bankruptcy, should have had more faith on the backbone of Dubai\’s economy.

I wonder who rides them now ?

money in dubai

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Can I Play Golf With A Herniated Disc?}

Can I Play Golf With A Herniated Disc?}

Submitted by: Patrick Foote

Should someone with a diagnosed herniated disc play golf? The short answer: probably not. As with so many medical conditions, however, there is a caveat to that answer. Not all herniated discs produce symptoms, and those that do might not be debilitating. And even though it may seem counter-intuitive, eliminating physical activity is not necessarily a good way to respond to neck or back pain associated with spinal nerve compression. That said, common sense dictates that someone suffering the effects of a degenerative spine condition should think carefully before hitting the links.

Doctor-Patient Communication is Key

Of course, if youve already been diagnosed with a herniated disc, chances are you know that the nerve compression symptoms associated with the condition (pain, tingling, numbness, weakness, spasms) usually can be managed with a regimen of conservative (non-operative) treatment. If youre an avid golfer, theres even a chance you may have asked your doctor to gear your treatment plan toward getting you back on the course as soon as possible. You may have been prescribed a course of nonsteroidal anti-inflammatory drugs (NSAIDs), painkillers, and muscle relaxants, or you may have been sent to a physical therapist to work on improving your body mechanics and posture. Either way, once youve begun your course of treatment, its vital to maintain an open line of communication with your physician. Let him or her know what works and what doesnt, and be sure to report any changes for the better or for the worse in your symptoms.


Ways to Avoid a Herniated Disc

The aging process takes a toll on the intervertebral discs, and over time the discs can dehydrate, become brittle, and lose height. If a discs outer wall becomes torn, the gel-like inner nucleus material can leak into the spinal canal. This is a herniated disc. How does a discs outer wall become torn? It can be a product of everyday wear and tear, but the twisting, turning, and bending associated with sports like golf also can accelerate the process. In order to avoid the onset of a disc herniation, its important for golfers to physically prepare themselves to play. That means proper stretching, a warm-up period on the range, and even focusing on general physical fitness away from the course.

Many golf pros recommend regular trips to the gym to maintain the physical fitness required to enjoy the game for life. Weight training, reps on an elliptical machine, laps in a swimming pool, and time on a treadmill are all good ways to attain peak physical condition. The only caveat? Always consult with a physician before beginning a new exercise regimen.

Fortunately, symptoms from a herniated disc usually subside after a few days or weeks of conservative treatment. However, if chronic symptoms persist after several months of treatment, or if the herniated disc causes a rare emergency situation like cauda equina syndrome, surgery might become an option. Talk to your doctor about your limitations if you are diagnosed with disc herniation, and be sure to research all of your surgical options if conservative treatment proves ineffective.

About the Author: Patrick Foote is the Director of eBusiness at Laser Spine Institute, the leader in endoscopic spine surgery. Laser Spine Institute specializes in safe and effective outpatient procedures for the treatment of

herniated discs

and several other spinal conditions.


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Losing Money In Real Estate   A True Story

Losing Money In Real Estate A True Story

Submitted by: Steve Gillman

What if you were able to buy a decent two bedroom home for about $30,000, fix it up a little and put it on the market for $80,000? Do you think you could make some money that way? This is the story of a man who lost it all that way, followed by a few lessons to be learned from his sad tale.

The story takes place in 2002, in a mountain town in Montana, where the last of the good jobs had left town twenty-two years earlier when the copper smelter closed. It is a beautiful town, but the resulting economic decline caused a population decline of more than 30%, down to about 7,000 or 8,000 people. My wife and I bought a great little house there for $17,500, so home prices had obviously tumbled along with the population.

A neighbor, at eighty-years-old, decided to become a real estate investor. He bought the house next to us for around $30,000, and borrowed more from the bank to fix the place up. Given the price of our own home and the fact that this other house wasn’t nearly as nice, I wondered if he had overpaid. He seemed sure that he had a good deal, though and could make some money.

As the weeks went by, he did get the place looking better. He put in an incredible fireplace, and new carpeting. The electricians worked on the old wiring on and off for a long time, always finding something else that needed to be done, and then taking their time doing it. The old guy was paying by the hour, with no contract, of course. The heating system needed replacing, at which point our neighbor mentioned, “I didn’t know the house had so many problems.” At some point his enthusiasm started to fail.

His bank account started to fail too. Eventually he admitted to me that he had over $65,000 into the place, but still seemed certain he could sell the home for $80,000. I politely nodded. It was too late to say anything anyhow. He didn’t even have money to fix up the rusty iron fence around the house. In fact, from the outside, the appearance had hardly changed at all, since all his money went into the interior.


The sign went up, though I am not sure why the real estate agent wanted such a listing. Perhaps it was with the hope that he would maintain the listing when the bank took the house and dropped the price. In the end, that is exactly what happened. “I gave the house back to the bank,” the old guy told me one day.

A Few Real Estate Lessons

I like this story because my old neighbor did so many things wrong. This makes it a great teaching story. Often real estate success consists as much in avoiding common mistakes as knowing intricate techniques. Here, then are some of the mistakes he made.

1. He had no plan. He had only a vague idea about what he would do and how much the home would sell for.

2. He had no idea of how to value a house. If he had compared the home to recent sales (like our $17,500 purchase next door) he would have realized that the most he would get for the home was probably around $30,000, if that.

3. He had no concept of his market. This was a two bedroom starter home. Buyers for these homes are not looking for a fancy fireplace.

4. He had no contracts or firm quotes from contractors. He let them find as much as they wanted to do and charge him by the hour.

5. He didn’t get an inspection. Had he gotten the home inspected, he might have had some idea of how many problems it had, and how much it would take to correct them.

6. He didn’t understand the concept of return on investment. Even if buyers liked the fireplace and other features he put into the home, these features probably increased the value less than what they cost.

7. He didn’t have enough money or financing lined up. This was a fortunate mistake, perhaps. Since the project was doomed to fail, it may have been good that he ran out of money.

Why not learn from the mistakes of others? As a side note, we selectively put $1,900 into our home there for a total investment (with purchase price and closing costs) of $19,800, and sold it for $28,000 four months after we bought it. We might have been lucky, but we also avoided some common real estate investing mistakes.

About the Author: Copyright Steve Gillman. For a Free Real Estate Investing Course, visit:


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