There is a war brewing very near, and since Dubai is a luxury market, it is likely to get affected more by a recession than other markets.

You could even offer glamping (luxury camping) to make it more attractive.Agriculture Leasing: Lease the land to local farmers or ranchers.

In my ideal scenario, I would do some more entry level projects to start off while I learn the ins and outs, but my goal would be to eventually work on more luxury flips - larger scaled projects in more desirable neighborhoods (though fewer and farther between).  

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

That's why in LA you only see new construction in the luxury markets.

In the backyard, what was previously grass and concrete was completely transformed into a lush vacation oasis, complete with a luxury pool, expansive deck, custom mural, chic furniture and hot tub for the ultimate tropical experience.

In the backyard, what was previously grass and concrete was completely transformed into a lush vacation oasis, complete with a luxury pool, expansive deck, custom mural, chic furniture and hot tub for the ultimate tropical experience.

1) Not blown money on cars, luxuries items, CC2) House hacked a 2-4 unit.

It was in in one of those luxury towers. 

I'm not assuming you do, but the luxury creep is real and someone has to say it.I would also focus on higher priced asset classes.