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 estate agent does everywhere in the world? If there are flats for sale they will sell them? – yes but not good for the honest people and they should know that the prices are not real
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 electricity pylons are on the road side. Quality is meant to be very good.
Yes I have been and the power grids are just next to half of the buildings.
Don’t full the people please they are innocent investors and should know what they are buying.
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.
Don’t make me laugh. One bedroom JBR, Dubai Marina with facilities is 100000 DHS per year and you are trying to get the same price without facilities far way from the beach under the power grid.
You must be joking.
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.
One bedroom 1.2 million - real size 820 sqft .
Ok not exactly 1500DHS but very close.
I have invested IC, SO, DM(sold), DG (sold).
DG bought a studio for 380k last year sold it recently for 520k
Net profit 120k or 30% (for one year) not bad ,but from now on I don’t know.
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