Quote:
Originally Posted by McVelvet
I doubt you will be able to resell in 6 months - the amount of development going on in Ajman means the market for reselling will be a little flooded and only well positioned and high quality developments will have a resale value. You can always find a cheaper option, but their is usually a reason. I was more concerned about the value than the price.
I am hoping to flip in about 8 months to a year, and am waiting to see what is happening with the rental cap in Dubai. The bonus of my studio is it's on the 25th floor, which is a winner...what floor is your offer on in the cheap one? It matters!
Also, I personally think that a development must have something that makes it stand out from the crowd and there are so many being built at the moment - the lake at Lake Signature just makes it in my opinion and makes it that much more appealing when reselling
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I think resale will be possible in six months, the market is awash but is'nt the whole of the UAE? You will have to sell at a little less than the market rate but if teh market has gained 20% in 6 months then there is no problem selling for 15% growth.. Agree with you on some USP with the propoerty. I would suggest that an Escrow account and a gauranteed supply of electricty and water supply are a good start in Ajman...