Yes, I remember G-Tower was starting at 2.8M dhs when I bought metro tower. The main selling points of city of arabia to me when I bought were the wadi walk canal, mall of arabia and the monorail. Obviously, if the G Tower becomes one of the most prestigious buildings in dubai, it only further enhances all our investments. Also, I believe the times residence (rotation tower) is also in COA.
I think long-term, our investment is sound. It will take a LONG time for dubailand to be ready, but once all the other projects are up and running (remember the snowdome and aquadunya are in very close proximity to city of arabia), the value will go up. I am hoping to realise a good value by the time the metro line comes up in 2015.
Are any of you guys contemplating renting or just selling off when it is completed? How much do you think a 2bdrm apartment will go for (not G tower, as that will be EXPENSIVE). I am usually very pessimistic, so anything around 120K, I will be happy.
Kev, are you in dubai or an investor from abroad? what about you dayfox?
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