Bulgaria's Stoitchkov Moves Next-Door to Michael Jackson

Society | October 21, 2006, Saturday // 00:00

The coach of Bulgaria's national football team Hristo Stoitchkov and the king of pop Michael Jackson are about to become neighbours, Standard daily reported.

Stoitchkov has bought two apartments on one of the artificial islands at the Arab Sea, while Michael Jackson is preparing to invest in property in nearby "The World" residential complex, which is being built in the Persian Gulf.

Real estate investments in Dubai are five times more profitable than they are in Bulgaria. Dubai makes home for 4,000 - 5,000 Bulgarians, most of whom take loans form local banks to buy property there.

The loans are later covered by the rent of the lodgings.

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