Quote:
Originally Posted by MalcolmX
It's starting at AED 3,450/sq.ft - cheaper than other developers who have launched there, but I still think the price is a joke....it's more expensive than actually handed over projects in great location. this one is rubbish-the traffic is going to be a nightmare-I can't believe people actually buy there. I've heard that people are actually having problems flipping their property. The market is slow and the resale market in general is not shifting...
The problem is that as soon as people hear the word launch or pre-launch, they jump at it without knowing anything about the development. Then they try to flip it before the next payment is due....I just feel sorry for the poor bloke who ends up with a property that is hugely overprized and probably won't last for more than 15-20 yrs.
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Flipping is becoming more & more difficult. Dhs 3,450,000 for a 1000 sq ft place is hard to digest.
Wonder how they will flip such over priced properties.
Regards
Roshan