Replies to post #58251 on Sulja Bros. Building Supplies, Ltd (SLJB)

[VITAMIN D]

http://www.propertyworldme.com/content/html/1333.asp

[waltczyk]

greenspirit - you are talking perpetual usufructs - which are very common not only in china but in europe as well - in simple terms they work like a lease

you put 25% upfront - and than the rest of the payments are usually scattered over 99 years - after 99 years you have the option to do it over again

the value of the usufruct is revised every x amount of years

china - also does 30 year operating leases

again it is very common

[gumstick]

green; i agreee that an entity can do anything - with government approval. and who knows what laws apply in dubai. but the issue here is whether they can show it as an asset on their balance sheet. i say they cannot, unless they hold title.

[DigitalTradz]

Some land in Dubai is privately owned by private developers. I can't remember the gentlemans name, but I saw an interview a few months ago about a US developer that was the first to actually buy land in Dubai and have title to it. He was pretty proud of the accomplishment because it was something not even Donald Trump could do and he(Trump) had tried.

I guess it is dependant where the land is located there.