Investing in Dubai

[Ran Iarovich]

Does anyone have any experience with investing in Dubai? What are the advantages and disadvantages of creating a real estate portfolio in that country? I assume that there is a high likelihood of appreciation and that rents are only bound to increase as more people flock to the country. 

Without a doubt, the city is shown in a rather "sexy" light and probably has a lot of hurdles for foreign investors but I was just curious as to what this community's thoughts were.