Quote:
Originally Posted by theammer
I have just been offered a distressed sale at 1650 dirhams per sq foot (psf), in the MKO development Links View in Sports City. The studio apartment overlooks the pool and golf course
This looks quite good to me but does anyone have any comments whether positive or negative as to the purchase price psf of 1,650 dirhams and the likely value psf in say 2 to 3 years? Is the development sold out?
Earliest replies would be greatly appreciated.
Many thanks,
Bruce
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Hi Bruce,
This is not exactly what I would call a distress sale. You can definitely find a studio or 1 bed at less than 1,650 psf. Has the foundation work started on this project?
That said, Sports City is still a great investment opportunity and the psf will almost certainly rise as buildings near completion. The buying price being the key.
If I remember correctly the Links View building faces East and is not directly on the course (its behind a row of Galley Villas). Again I might be mistaken but I think only the 1 or it might even be the 2 bed apartments at the front that have a full view on the course. Albeit from a distance.
Regards
Stephen