I have finally commited to buying in LHB, around 850AED PSF (ie with 20% discount) with dream homes WW but that with 50% deposit within 14 days. The next price rise in JUNE 08 and its going to be 10%. It sounds too good and I hope its true. It means I will make 30% profit gross should I re-sale in July 08. I want to re-sale before the other 50% is due Q1 2009, unless there are further increases and the rent return is good as 8% rental return is not enough plus I may then want to invest in waterfront Dubai or Ajman. It costs me that much PA as I have to borrow money. Any thoughts!
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Originally Posted by amzee
hey,
as i mentioned before being a first time investor i am quite nervous but found DreamhomesWW to be very proffessional and i speak to them on a daily basis and they regularly answer all of my questions and return messages very quickly......they are all english speaking (originally from UK)....i too asked the question about Escrow but they assured me that everything would be ok and even if it came down to it (which is very unlikely) Rakeen would step in and complete the development also that everything there government owned as you mentioned anyway....
i would thoroughly recommend them....and i would be definately be using them to invest again in future....
does anyone know when the next price increases are due to be? i know i have just bought my place but am keene to see it grow - i guess i am being a bit eager/excited :-)
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