Is investing in Dubai a good idea??

Question

So yesterday i was looking at stuff and buildings in Dubai, we are planing to go to the Burj Al Arab on December 08, so i was thinking of buying and apartment there, people say that in a few years it would be worth much more than they are right now, because actually they are kind cheap now, a 2,000,000 AED apartment, is only about $450,000 USD... so do you think is a good idea to invest there?

Answer 1

Yes, because there is at least 20 years more oil in the UAE and Dubai will become a massive tourist hotspot thus rtaising prices