Florida foreclosure property on display in Dubai

In yet another sign of increasingly troubled times, foreclosed properties in Orlando, Tampa Bay and Jacksonville in the United States are to be put up for sale at a property exhibition in Dubai on Friday.

Interestingly, the organisers have also advertised a 70 per cent discount on the foreclosed properties in the US state of Florida during the exhibition.

The Americas Property Show will also showcase some Brazilian real estate during the exhibition.

According to advertisements in local publications, the ''Florida Foreclosures'' have price tags upward of USD 49 and 500 of them come with a guaranteed yield of up to 14 per cent.

"It''s a truly unique prospect to find out where, when, why and how you should invest in Brazil and Florida," the advertisements said.

During the two-day event, guest speakers from Florida and Brazil will provide financial advice assistance on how to make the right investment choices. Question and answer sessions, one-on-one chats and investment workshops have been arranged during the exhibition to ensure the exchange of information with other investors and financial professionals.

Key featured projects at the show include the Coral Lake and Beach Resort in Brazil, an elite resort situated within the municipality of Flexeiras in the state of Alagoas.