Quote:
Originally Posted by want2invetinuae
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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That's a good price - what block and view is the unit. Why did they give such a good discount ?