[dave3076]

There are a lot of people on this site that broke the rules of investment and are now sour, and scaremongering others. If you invested in int city for a minimum of 7 to 10 years, instead of trying to earn a quick buck, you`de be delighted, and int city still remains a good investment given the current evidence versus dubai`s fundementals. You`de see past sloppy paint jobs and porky pies and delays. If you were jonny come lately and invested to flip it, which has no real place in an investment portfolio other than the very high risk category, you`de be moaning....like the guy at the roulette table who wants his money back. All the problems mentioned are inherent to buying from a developer or agent. Lies, misleadings, not meeting target dates, failures, mishaps. Humans are the same, all that changes is the name.... its only a rare breed where money is involved that genuinely looks out for others. Dont put yourself in a position where you have to rely on the developer to make money. How? by taking a longer term view and ascertaining the nuts and bolts of the investment. So what are the nuts and bolts...if you only had a shell with attrocious workmanship how much is this property intrinsically worth. And your answer with int city is near to what you paid for it, thereby leaving limited downside risk with unlimited upside potential. People should know this before a penny changes hands. And yes ive got a one bed in persia so im in the same boat as everyone else, but because my view is over 10 years, i am very very confident that int city will be an excellent investment and if it isnt, well im a big boy and i`ll take the loss on the chin. However it wouldnt matter because i wouldnt put myself in a position where the loss would hurt my overall investment plan!. Anyone looking for a quick buck out of any investment, particularly property has to know that risk is joined to the hip with reward. And buying off plan to flip is fundamentally floored as an investment approach. Ask warren buffett if he`de buy a business that "should" be profitable in 2 years time....that "should" run as it was supposed to.....that "could" be a good investment. Then provide him with a glass of water to help him recover from his hysterical laughter. If anyone can tell me why int city wont be an outstanding investment 7 to 10 years from now, based on the current evidence, progress and future plans, i`ll take great delight in hearing it.... nakheel as far as im concerned are as **** as any other developer. Hence i accounted for that fact and still done my maths AND int city still came out looking trumps!