[eyeC]

hi wayneis
-eyeC IC as a low risk investment compared to other locations and for that you should expect lower profits.
-i also think if you want to invest in properties you should look at it as along term investment generating cash flow from it for a min period of 5 years.
-regarding IC many ppl from sharjah are starting to shift to IC
as the rent is almost the same and with the advantage of having less time spent on the road if you are working in dubai.
- i agree nakheel need to improve more but looking at the large scale of the project you ncan still give them half marks for what they have done
-i still expect a drop in the market by 2009 and i also think it will nto have an effect on rent prices in IC and for that reason i said IC is a low risk investment
- i think your rent expectations are abit high studio flats are offered for 31000 and if you want to rent it faster you should go lower say 30000 1Broom is gfoing for 41000 freind of mine rented for this price
-i did a detailed calculations the other day regarding the profetablity of IC and i based my caclulations on (20,000AED net rent) for a studio flat in IC and its still better investment than many other countries around the world.
i think the price of a studio flat in IC will be 370,000AED max and 500,000AED for 1BR which is almost 30% increase in per foot prices if you have bought last year
so almost 30% profit in 1 year is a good investemnt
i think if you want to reduce your rsik even more buy studio flats only it will always be rented when bad days come
-i think nakheel is deliberately slowing down the construction progress by making or lets say introducing changes all the time changes slow contractors we call them variation orders you need to approve the new costs and all other related issues change of plans construction drawings etc. and delaying handing over they dont want the project to have a big impact on the market its a huge project and having said this i might be wrong
-its still a good investment and if you think of it as a long term investemnt it will be even better
-im trying to structure a deal to buy 5 studios only as rent generators and without counting price appreciation into my profit

- not all numbers you see in advertised local newspapers are accurate i saw alot of studios offered for sale for even 350,000 dhs but that doesnt mean it is worth that much thats asking price and it goes for rent too
-like to share property investemnt ideas with ppl and im Curious on how ppl come to decide if an investemnt is a good investment what numbers they use?????
have a nice day