SALE:
As I have told you guys before that I specialize in International city here is the latest what is happening in sense of Rental and sale. Nakheel doing its best to meet the demand but as you all the size of project them have they need a bigger space and lot more force to cop with the daily business. Nakheel sale office is very compact and they are extremely short of staff, Any way the staff they have is very helpful and they are doing what they can, Now here is how it work, If you need to transfer an international City unit to a new buyer name then first of all you need to take an appointment on the phone which is normally 3 to 4 weeks, then on the date of transfer you need a seller(unit owner) new buyer and a building owner present regardless the building hand over or not. Plus you need an all three original PSA (The Nakheel Contract) plus the 2% fee of the original price with buyer and seller original Passport. The transfer is pretty straight forward but if you miss one document then the transfer is cancelled and you will take another date which is again after 3-4 weeks. Now there is another problem as all the building owners have already sold the units and have made there money, they have no interest left in the building, so they have introduce an admin fee which start from AED800.00 to as much as AED5000.00. The going rate for 1 bed flat is starting from 450K and the Studio 330K .

Rental

Rental market in international city is getting better every day. The supply is more then the demand which have pushed the prices down a bit but it is wise to rent then waiting to get few extra 1000s, the going rate for a Studio is 35K-37K per year and 1 bed is 46K-48K per year. Some are rating furnished and getting better results. Any way Italy is more popular the China, Persia is least popular. 050 855 1778