I finally got my posssesion of my 1 bed in one of the L buildings in Greece sector from the appalingly bad and deceitful agents ( the Building Owner ) - ( ps. if you ever want to avoid a real estate company there is one based in a mid 20's level floor in the Emirates Office tower !!! - avoid like the plague if you you can !!! )...
Anyway, got possesion 2 weeks ago , went there as I was in Dubai anyway to have a look and frankly horrified by the quality of workmanship. But then considering the peanuts they are paying the ethnic minority workers, Im not surprised.
Anyway, handed over the keys to a much more reputable PM company who have rented it out ( subject to snagging rectification, and the snagging list runs to 45 points at last count this morning!) for 55,000 to a Sales Manager individual.
My summary - rubbish quality to my western eyes, a desolate landscape ( where's the thriving community??), a decietful developer (11.72AED per sqft service charge when we were quoted 3 or 4 AED, the cheapest quality materials imaginable in the apts ...etc ), and even more deceitful real estate company, and being an architect, I can see that the building lifecycle is limited possibly 5 years or so before it starts falling apart......
I intend to rent for a few years then sell within 4 or 5 years. Average investment at best for the money paid....

Conclusion ..... I have 2 further apts bought in Phase 2 , another 'thriving Nakheel community' ...... plan is to take possesion, rent for a few years then get out into better quality investments ...........bring on the fun!!!!!!!!

Keep smiling... at least theres no tax .......oh I forgot the adhoc 'service' and 'admin' fees charged by anyone who needs to sign a piece of paper ......