I have been offered two plots in al safa and asf society.
I live abroad willing to make an investment in my own country and support our economy but heard a lot of frauds happening hence reluctant to buy these properties or not?
Mainly what % of roi will in bring in short-term 1-5 years?
Any suggestions? Even about any other society which has bright chances of return on investment?
All four of above are 100-125 yeard properties al safa is not corner property and asf has not been allocated yet will be done in next 6 months.
Advise please...
It depends what kind of offer is that...?
In Simple, do whatever dont rely on others when abroad. Visit before decision, personally. As a matter of fact if you want to burn money do it with your hands, rather than to trust others (except for the ones that you have 110% confidence (some pure blood relation), even than have documents on your name for whatever purchase).
Not all, but many dealers, professionals in real estate dealings are the last ones on this planet to trust (even if that is a closest friend).
Others may differ to my opinion (relax its a personal opinion, formed after receiving multiple jolts...)
May be a bit irrelevant to your question, but still an advice, in general.
From an investment view. Safer options bring slow ROI but are sustainable.
I agree but back in a day my mum bought 2 plots in baharia isb phase 8-9 still not developed its been 22 odd years now.
If you got any recommendation let me know will look into it. I dont expect BITCOIN turn overnight but still :)
Thanks
Syed