Quote:
Originally Posted by abudubai
This tower is just finished? I looked into buying there when it had topped out in April 2005! Glad I didn't, use of space of disastrous.
|
Most of the developments in Dubai will take about the same time for completion. In fact it should be taken as plus sign. Imagine the bldg ready for handover and the infra structure is not in place.
I am happy that my investment in BB is due for handover in 2010 as it would take the master developer that long to develop the infra structure and roads. Till now the land is not handed over by Dubai properties to the developer to start his construction.
Take the case of Saba Tower 1 in JLT. Was handed over almost 2 years back and there are no proper roads leading to the bldg.
Investors should not be frightened of delays especially for markets like Dubai where the road network and infra structure will take long.