Should You Buy Property In Beirut Or Dubai?

This analyst believes Dubai is where the good deals are:

Is not the Beirut property market close to its cyclical top, while Dubai must be closer to a cyclical bottom? And let us not forget that the commercial and financial hub of the Middle East is Dubai and not Beirut, and that Dubai is also a bigger tourism destination.

This analysis misses so many aspects of the market that his advice borders on negligence. Demographic differences between Beirut and Dubai are the elephant in the room here. Lebanon is a small country with a huge, wealthy diaspora that is competing to buy property in the motherland. Dubai on the other hand is where people live a few years of their lives, make some money and then move out. Nobody is buying houses in Dubai to retire in. 
 
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