Thread: City of Arabia
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  #14  
Old 29-08-2007, 09:29 PM
lesplaces lesplaces is offline
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Join Date: Aug 2007
Posts: 18
Default I bought office space

I bought 2 small offices in the Metro Tower. For me it all comes down to delivery dates. If they deliver in 2008 - rental rates will still be at a premium and returns will be great. If they are late it will start to slip and be a modest investment. I was promissed penalty clauses for late delivery in the contract when I bought and these are not inplace (they have a year's grace). I have challenged it and refused to sign the contract until it commits dec 2008 or penalties.

All in all it has great potential but needs to be delivered on time to be a ball breaking investment.
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