Quote:
Originally Posted by dubaizone
I heard Damac has launched today at Maritime City and the opening prices were almost 4,800 per sq.ft. Is this true? I think the prices are too high - does anyone know if this was sold, especially during the summer which has been so slow until now.
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Too high...and yes, you will still have people buying because they can try and flip.
A simple analysis.....for a 1000 sq ft apartment ( usually the size of a 1 Bedroom ), does 4.8 million make sense If I had that kind of money, I would have put it in India and doubled if not more my money.
Regards
Roshan