Quote:
Originally Posted by New_Investor
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.
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Thanks new_investor for the tip on Badrah. Hopefully the activity picks up and I am able to sell my units.
Just to add on to your research
Dubai Pearl - 3,500/psf (office & resi)
Sports City-3,150/psf (office)
Motor City-2,200/psf (office)
RAK 1,600-2,200/psf....
Regards