Invest Dubai

As of last week, I am an investor at the Dubai Financial Market (DFM). It's not much but I have decided to put away a certain percentage into the markets here. Last year the DFM grew by 118%, I think this year it will continue to grow at this pace due to the high oil prices. The UAE is expecting close to $300 billion in oil revenues this year, eventually this capital will flow iinto other sectors including the stock market.

I have invested in two companies, Shuaa Capital and Amlak Finance. Shuaa being the major investment and Amlak smaller in number.

Reasons why I got in now,

1. Ramadan period has traditional been a low activity period, so the prices are low and you can get stocks at fairly decent prices.

2. The Dana Gas IPO meant that a lot of money was sucked out of the market, this forced the index to come down and it will remain at this level till the end of Ramadan.

I have played the markets before in India, thanks to ShareKhan and made a modest profit mainly on Tata Power. The stock trippled in a year and for a few weeks I was a very rich 22 year old :-)