Quote:
Originally Posted by georgihh
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.
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Areyou actually making sense here?
AT the moment the real estates are advertising the above development and once they get rid of the flats they will move somewhere else.
Isn't that what every estage agent does everywhere in the world? If there are flats for sale they will sell them?
On top of that the above project is built under the national power grid and the quality is not great.
Have you actually been to DG? The electricty pylons are on the road side. Quality is meant to be very good.
As I said before the oversupply is starting in Dubai and all the overprized projects will suffer in the near future.
How do you know this? You should research the % of studio and 1 bedrooms (if any) in the surrounding areas that are currently occupied by families. Then find out how many families are renting or require decent 1bedrooms or studios.
Dubai has a great future and the infrastructure is being laid down. If there is a oversupply now, which I dont think there is, it will correct itself in the next couple of years. DG is a great development in an excellent location, with a real feel of community and alot of greenery. I dont see this in any of developments within this price range.
1500 per sqft is too much and the rent is unknown.
Where have you taken this figure from? I wouldn't take the estate agents advertised sales prices. They are sometimes over priced.. testing the market.
I would be interested to hear where you have invested in Dubai.