View Single Post
  #9  
Old 08-08-2008, 03:50 PM
iced iced is offline
Active Member
 
Join Date: Jul 2008
Posts: 33
Default expensive

Quote:
Originally Posted by New_Investor View Post
I was at the launch event and it was pure and simple ridicules event - prices going mad, 5200 AED for residential, 6600 AED offices and 8800 retail, discounts offered are classical DAMAC SCAM of 15% full floor, 10% Half floor and 7.5% individual units, i recall that when they were announcing the prices all the audience were smiling and whispering in sarcasm heh - I've bought in maritime city 40 days ago in IDubai and the price was 3150 only !

any way it's again classical DAMAC strategy of ridicules mega expensive prices covered by illusive advertisements and PR, most of the investor left right after dinner ( heh), i actually overheard Damac sales people saying to each other that now that every one had their dinner they will just leave !!

one of the sales approached me and out of curiosity i got some info - they are only releasing 2 podium floors and floors 12 & 14 (which they couldn't sell at the prelaunch i guess)



any way it was total waste of time !
after all i doubt that they sold even 5% of what they have.
DAMAC is just showing signs of a market top. Using discounts for individual units. Selling and launching new projects without completing existing projects. This really is a dodgy developer and 4k+ for new projects is way too expensive
Reply With Quote