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Property syndicates

Discussion in 'Dubai property' started by Gashead, May 4, 2008.

  1. Gashead

    Gashead New Member

    Does anyone have any experiences of property syndicates in Dubai? A group of us are putting together a syndicate and I'd be interested to hear anyones comments on the idea.

    We would probably start with say 10 people buying Dhs. 200,000 shares, buy a property for cash and then take it from there.

    No need for mortgages or interest but it wouldn't be very flexible ie If we buy 2 or 3 properties we can't just sell up one to give someone their profit at a months notice.

    Any comments gratefully accepted.
     
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