Quote:
Originally Posted by sonofthedesert
Why would people be so eager to buy direct from the devloper at prices in the 2800-3000 per sq ft range (probably more like 23-2400 per sq ft after nobody buys at such inflated prices at Cityscape on the 1st day) when thousands of re-sales are available in the 1800-2000 per sq ft range. Everyone knows there are no more quick flips so why would you buy from a developer at such ridiculously inflated prices. If I was looking to buy something to live in or even rent out, I would have to seriously consider a re-sale as they are hundreds of thousands of dirhams (or even dollars for that matter) cheaper than the new ones from the developers. It doesn't make any sense. Perhaps there really is no demand for these things and its all just speculation. I think that Cityscape may reveal this whole thing to be the house of cards that it really is.
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Yes think everyone's interested to see what City Scape will bring ..
some Investors do prefer to buy pre launch / launch rather than resale .. it really depends on
how much has already been paid plus the premium --can add up to more than the low downpayments direct from developers ..
2.5% down & a good payment plan works out a lot cheaper than a resale at
10% 15% 20% already paid + a 10%- 20% Premium