Quote:
Originally Posted by sameer.dada
I think you should hold it for a few months because people are putting their money in remraam and preferring it over BD Phase II.
I know someone who sold a 1 b/r in BD II for only 4% premium. For low premiums, you can probably sell right away. I would buy it form you at 5%.
my user name above {at} gmail
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LOL yes sell it to him for 5% - better just give it away for free
It's amusing in this forum how realeastate agents and other vampire investors try to foul other junior investors
The market price for Phase 2 currently is 15-17% studio
13 - 15% 1 BD - 10 - 12% 2&3 BD
I personally was lucky enough to sell 2 units of 1 BD 1 month ago for 17 & 20%
unless you are really desperate don't sell cheap - i advice that you keep your units as upcoming weeks will witness a very much increase in phase 2 prices for the following reasons:
- Phase 1 will is not appealing any more for investors as the next installment of 10% is due in September 2008 (2 weeks from now)
- Summer slow season is finally over (Badrah 2 show 3% increase since August first)
- Phase 3 will be launching soon (which will be around 2000 AED/SF)
- Cityscape to happen in October
- Finally ramadan and autumn winter is known for real estate investors shopping sprees
Good luck and watch your steps for people who would like to scam you (and they are alot in DUBAI)