Yes & I agree with Laguna33. Its true that many master developments specially from Nakheel have really bad reputation for unusual delays.
If I had to invest in international city phase 3, i would first do a little research on current status of phase 1 & than decide if its feasible for me to go ahead for phase 3 or not.
As a matter of fact, in intl city ph-3, 96% of investors are from over seas based & they made their investments for residence visa & cheap property.
Its just a mater of right knowledge about the right investment option at the right time.
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Originally Posted by laguna33p
ikqureshi,
I agree with you on the whole, but remember this is a very young industry in dubai. I have just bought a studio in the UK and it has taken 4 months to get my hands on the deeds.
Most developers in dubai have in their contracts that if there is a delay of 6mths or more, they will pay you compensation/interest. If the plan is to earn income from day1 on completion at the date specied by the developer, then a lot of people will be disappointed. My studio in the UK has been empty for 4 mths, i cant find anyone interested to rent it.
But as you say, they can do a lot more to improve their customer relations.
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