Episode 96: Recapping 20 years of losses and lessons in Dubai with Paul and Steven

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 why this moment mirrors every previous crisis and why the real mistake isn’t buying during uncertainty, it’s buying the wrong property.