Quote:
Originally Posted by dxb997tt
Seeing how things are going in Dubai, I wanted to get an opinion on this forum on my situation. I am sure there are a lot of people in my situation.
I have invested in a 1 bedroom apartment in Sports City, Golf View residence to be precise.
The price I paid is 1,093,000 to be precise. It is 1068 sq ft. So approx 1028 AED/sqft.
It is going to be ready on April 2009 (on paper), but when I personally went to visit the site, I would say, its more like May/June 2009. The structure, etc is up, and now they are doing the interior.
I have paid 35%, and the next payment (15%) is due Jan 27th 2009, but I got it extended to Feb 27th.
To be frank, I do not want to make another payment, as I have other commitments to make, so I want to put the apartment in the market. I would sell it at zero (0) premium. I just want less commitments.
How hard do you think this would be to sell? It is a "near ready" project, so at 0 premium would be a good buy?
Thanks in advance for your inputs.
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Bad time to sell. Wonder if anybody would buy even with zero premium. The property market has zeroed out for now. You could still try, give it a shot if the investment is bothering you.
You need to have a good nights sleep when you have invested. If your sleep is disturbed, then you should exit.
Look into options of any relative who would like to pool in.
Regards
Roshan