Quote:
Originally Posted by cheers
Hi Nomad
I am interested - Kindly send details - PM sent to you on skyscraper cty
Cheers
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Discovery gardens – overprized
Who ever buys at the current prices will suffer for unpredictable period of time?
AT the moment the real estates are advertising the above development and once they get rid of the flats they will move somewhere else.
Than the prices will not move for some time and the current buyers will feel the cost.
1500 per sqft is too much and the rent is unknown.
Most probably will be 100 dhs per sqft per year.
On top of that the above project is built under the national power grid and the quality is not great.
Nakheel as usual will hike the service charges up to the limit and the return from rent will not be more than 5-6% per year.
As I said before the oversupply is starting in Dubai and all the overprized projects will suffer in the near future.