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Originally Posted by Anwar Ali
I have booked a flat in Terra Del Sol 1 with Damac. Few months after booking and paying money, I found out that the project was actually being developed by Nakheel. Secondly that after my booking, the concept was modified (possibly scaled down), the same flats were sold at a considerably lower price. I would like to hear from other people in the same predicament as I.
Does anyone have any observations on how badly it has been scaled down ?
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Anwar
You will find that most of the developments in dubai are like this. Nakheel and Emaar are the master developers and then hand out the project to the contracted party. In this case it is damac. Damac do alot of their own projects, but sometimes work is carried out by a 3rd party and in this case it was Nakheel. In terms of the investment it is still a very good one.
Rgds