Roshan,
Your analysis using the mortgage calculator is not valid, correct me if am wrong. The property is offplan, under contruction... so the rental aspect of the investment does not come in until its completed.
When its completed in 2009 or 2010... you will have to consider the rent at that time... no one will kno for sure, but a one bedroom should fetch in excess of 100,000 in Abu Dhabi...way in excess. Al Reem Island is Abu Dhabi's Business Bay style development. And its an island.
At the moment, the people who are buying these properties are in it to make money... flip it in few months and make some cash.... it will be difficult for the end-buyer.... if he was to rent it out though. Capital appreciation is faster than rental appreciation... this is the main problem with these developments.
Inv.
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