Propery Fund in Dubai

[moscow flyer]

I have rec'd a prospectus for a fund in UAE ( mostly Dubai) looking to raise $100m in unit of $100k per unit. Fund will last no longer than 4 years and predicting returns in excess of 100% , success fee of 30% will only be applicable to unit value above $200k once the fund is wound up.
Being sold to high net worth / sophisticated investors who are risk takers hence the high projected returns.
As all monies rasied is to be investing in property your inital outlay is not guaranteed.

Your thoughts welcomed

 

[Diddles]

your inital outlay is not guaranteed.

I think that says it all!!!!!!!!!!!
Dont back a horse if you cant afford to lose.(Excuse the pun Moscow)

D

 

[markowitzman]

I think term is short and Dubai is a building site at present.
It is a ride the wave job I think.
Do you have a web link to the deal?