Quote:
Originally Posted by mpat
Discovery garden and international city are the latest examples of it. 6 Months Ago prices were higher than sports city and Jumeirah village south, but now both have over taken mraginally. You can get 1 Bed of 1000 Sq ft for around 1.1 Mil in DG ready to occupy, in SC you can get it on pre launch which means it gonna go well beyond that . 6 months ago DG was at 810 PSF and SC at 675 to 715 PSF for 1 Beds.now DG is at 1100 PSF and DSC / JVS also the same,So whose jump is higher ? ? ?
IC clusters ready are selling for lesser than CBD areas which are many of them still under constrcution....
JLT is selling for around 1400 PSF and DSC JVS IMPZ DSO trying to catch it up , though JLT is just nearing completion, an expert can tell that price rise was not as significant in JLT as it was in DSO DSC COA or IMPZ.
This is based on my personal investigation and I dont claim to be an expert in this field. . . .
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I would agree on some of the things you pointed out but it's not a general rule. What I mean to say is that it depends on the development. IC is complete (most of it) and handed over. The reason for IC not apprecaiting so much is the location.
DG on the other hand is a different story as it's unfolding. I don't think that many units are available for sale in DG.
A lot of prices are artificial, made up by buying and selling of investors. If you can't buy and sell easily as is the case with DG right now. It wont be something that investors would look for. But once they are handed over and registered i think might be a different story all together.