Quote:
Originally Posted by Rammah
Just to rectify the figures a bit, there are commercial units selling at very close to 3000 per sqft.
As for rental, we're in touch with a company achieving between 350 and 400 per sqft for them.
Regards,
Rammah
|
Rammah,
The figures quoted by me could be pessimistic values. Dubai at the moment is starving for office space and since the supply & demand curves have not intersected as yet you are looking at figures of 350 to 400 dhs psf.
Sometime, somewhere tha markets have to cool and mature. Dubai markets should not crash but will definitely correct. But when all the commercials come into the market, supply might exceed demand at which time rentals start coming down.
Investors just can't go as per the current rentals. They will have to take into account the correction in rentals when all the commercial bldgs come into the market.
OPUS from omniyat is selling between 2500 to 3000 dhs psf. Deeyar is not too far away with 2200 to 2400 dhs psf. The question is for how long with this go on. If investors buy whatever the developers are dumping in the market, then there could be trouble at the end of the road.
One needs to do their homework before investing. The best is to put all the values onto a mortgage calculator. I have invested in business bay and JLT and even if the markets correct by 50%, I should be able to pay my monthly EMI.
Regards
Roshan