which cluster is the best in IC ??
hi
-when i first bought my flat in IC england was the no1 cluster for unknown reasons but maybe becouse they thought alot of british ppl will be renting them.....any thoughts on why feel free to comment
-china was the cheapest and therefore least prefered making it the worst cluster....but how can we say it is the worst cluster when it was handed first sold cheaper and rented almost same if not more than the others being close to the dragon and many chinease workers need a place to rent where better to rent...making the story short for investors it is a better buy china cluster.
and i dont own anything in china
-england cluster higher price will make you wont to rent high too so you can get your 10% earning on what you invested and if you paid an extra 20,000 dhs for higher floors you need to increse your rent by 2000 dhs a year...so how ill they compete with china rents??
-spain looks good from the outisde so you have to pay an extra 50,000 dhs when buying so you need to increase you rent by 5000 dhs a year if you buy it....and i do agree spain looks good from the outisde maybe the best cluster so far
-the lake will be finished in few years time and maybe with the forbiden city next to it .... maybe greece and morocco will be on the top list .
so what im trying to say dont pay extra charges for higher floors or better looks or whatever think of how you will get it rented higher than market price
when so much competation in the market from nakheel on one side advertising units cheaper and new buiding s getting finished all the time everywhere in dubai not just ic
- i see alot of ppl saying rent is 40,000 for studio and 50,000 for 1 br is just rubish talk im here and i tried to rent no one will give you anything above 35,000 for studio and 45,000 for one bedroom.
-i think the fair price for a studio flat is 300,000 dhs and 400,000dhs for 1br
and im the owner of two flats in ic...but i will not sell at this price and will not buy too...just gained an experience from the whole process of buying and renting ....and all i can say about what i learned it is HARD to make money
the above prices are for x10 earnings and you should never pay more for a property
35,000 rent for a studio - charges makes net income 30,000 times 10 gives u 300,000 true price of the property
your comments if any
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