Quote:
Originally Posted by martinm
james i see were you are comin from on this,but do you think this is wise cause i spoke with a guy from the new developer an he emailed me the selling list what i bought for 354 aeds is now selling for 600aeds i know its just on paper, but this seems very good,what will it be worth when its finished?
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Maybe so, but I am very sceptical. I searched for these apartments from the new developer on the internet and they are selling them for the same price as I bought mine for (when you take into account the 22k they are demanding we pay).
I hope it all works out as planned for you, I really do, beause for the amount of heartache it has caused, I think everyone who invested in this development deserves to make heaps of cash!!
However, I don't trust the development, I hear certain airlines are pulling out of Dubai, I don't trust the strength of the dollar....and for this reason, I am going to take my 5% gain (which does not even cover the losses I have made on the exchange rate) and leave Dubai alone.
All the best.