Quote:
Originally Posted by dalvir bains
Hi georgihh & everyone, I agree with your prices 90%, your prices are o.k  & Thats great news , but i am still saying that studios are worth 650k - 700k and 1 bedrooms are EASILY worth over 1 million dhms, there is nearly ZERO availability!  no-one is selling untill dubailand is completed ( & should'nt sell! )
The rental prices you quote are great, what other development commands these fantastic rental returns?  |
Yes I agree with you
This was the problem couple of months ago too many units on the market and not enough clients.
Since two months ago everything changed and as you said nothing available or very few.
The problem is that around 15000 units are handed over and takes some time for the market to move the prices up.
On top of that IC has been bought mainly by people living in Dubai and never been advertised properly internationally.
Only recently Nakheel started promoting the development because of the Lake District.
I expect slowly but surely the price per sqft in IC to reach 1500dhs per sqft.
Look at Discovery gardens has been advertised in Pakistan heavily and the prices went up by 70% in less than six months.
But you never know maybe we can reach 1500DHS per sqft in a very short time