Quote:
Originally Posted by georgihh
What is happening?
Dealers and investors
Please could you give us some more information about the UAE property MARKET?
Is this market going to follow the rest of the world, is it going to collapse or nothing will happen?
We are basic buyers and would like to know your honest opinion
Thanks in advance
|
Summer - ramadan - Cityscape and global financial crisis is happening my friend, and the developers are still flooding the market at cityscape with hundreds of thousands of units for rocket prices!!
some of the prices that I've seen during city scape
city of Arabia AED 2500 - 3000 psf
Waterfront - ETA starliving project 2800 - 3300 psf!!
DAMAC Business bay 4000 PSF!!!
I learned from a friend of mine who is a senior offecial at Nakheel that Badrah phase 3 will launch end of october for 2500 PSF!!!
which is good for the resale market as buyers will now will try to look for cheaper and more reasonable alternative to new launches.
i can see the market gaining some of it's activities within the next couple of weeks after the all fuss of cityscape is over.