Quote:
Originally Posted by DoBuy
georgihh if your saying that anyone who brought a property last year wont sell it this year for a profit thats ridiculous.All properties have gone up.Last week I was offered 15%more than I paid for a studio last April .
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I think you sell - 15% is a good profit for one year.
If this is your net profit of course.
If the property is ready rent it out and make a little bit more.
At the moment the market is stabilizing some prices are going up some of them down.
Most of the developers are keeping enormous amounts of units for sale at a peak price.
There is less buyers then sellers
More property means more difficult to control the market.
I still believe the government can hold the prices for a year or two but after that, nobody knows.
Another scenario could be -Nakheel starts constriction of affordable studios for the price
Of 200000 DHS( still they can double their money).
It’s a gamble, but in a country where the gamble is forbidden - to gamble with your money is very dangerous.