Distress Sale

[Sally1980]

A nice one bedroom appartment with big baconey in The palisades, Dubai Investment park ( The Palisades property development in Dubai - official website of this unique collection of townhouses, apartments and villas in Dubai ) for 900 AED/sqft. Developers is selling @ 1250/sqft.


Payment plan: 12% now, 12% in August, 12% in October, 24% acoording to construction, 40% on completion.

Email s.khabireh@gmail.com or call 00971 50 7595 971 for more information.

[Sally1980]

NOW SELLING THE PALISADES WITHOUT PREMIUM, JUST ONE UNIT!!!!

THE PALISADES
1 BEDROOM
3RD FLOOR
875/SQFT (DEVELOPER PRICE 1250 AED)
PARK AND FOUNTAIN VIEW

LOCATION: Dubai Investment Park, next to Jebel Ali Airport and Jumeirah Golf Estates.

PAYMENTPLAN: Only12% Now, 12% in 16 August, 12% in 16 October, 8% Completion 1st floor, 8% Completion 3rd floor, 8% Completion, 40% on completion.

More info: s.khabireh@gmail.com / 050 7595 971

[Lysos]

Sally, I presume "without premium" means what you paid for it. What happened to the guaranteed, surefire, can't lose market ?. I think using the term 'distressed sale' might be off putting to potential buyers.

[Sally1980]

Originally Posted by Lysos

Sally, I presume "without premium" means what you paid for it. What happened to the guaranteed, surefire, can't lose market ?. I think using the term 'distressed sale' might be off putting to potential buyers.

BY "Distressed Sale" is meant that, due to the owners financial situation and need of cash, he is doing the unit away for Much Less than the market price for such unit. And this is True. By "Without Premium" is meant that he is selling at Original Price and does'nt ask for profit on what he has paid.

I hope this clears your point.

[tarsub]

Hi,
Can you provide me with the following info please:
What is the size of the unit ?
What is the OP ?
What is the amount to pay to the owner ?
What is the amount of the future payments?
What is the expected completion date.

Thanks

[Sally1980]

Originally Posted by tarsub

Hi,
Can you provide me with the following info please:
What is the size of the unit ?
What is the OP ?
What is the amount to pay to the owner ?
What is the amount of the future payments?
What is the expected completion date.

Thanks

Seize Unit:
Living & Dinning 695 sqft.
Toilet & Bathroom 162 sqft.
Terras 557 sqft.
Total Area 1.414 sqft.

OP=SP:
1.231,650 Appartment price + 50.000 parking = 1.281.199 Total price

Payable to Owner:
12% of 1.281.199 = 153.798,00 AED

Future payments:
12% 17 AUG / 12% 17 SEP / 8% on completion 1st Floor / 8% completion 3rd Floor / 8% Completion 6th Floor / 40% on completion.

Expected completion date:
End 2009.

You can email me (s.khabireh@gmail.com) for the floor plan and building site etc.

Regards,

Sally

[Sally1980]

Originally Posted by Sally1980

Seize Unit:
Living & Dinning 695 sqft.
Toilet & Bathroom 162 sqft.
Terras 557 sqft.
Total Area 1.414 sqft.

OP=SP:
1.231,650 Appartment price + 50.000 parking = 1.281.199 Total price

Payable to Owner:
12% of 1.281.199 = 153.798,00 AED

Future payments:
12% 17 AUG / 12% 17 SEP / 8% on completion 1st Floor / 8% completion 3rd Floor / 8% Completion 6th Floor / 40% on completion.

Expected completion date:
End 2009.

You can email me (s.khabireh@gmail.com) for the floor plan and building site etc.

Regards,

Sally

Sorry, future payments are:
12% 17 AUG / 12% 17 OCT / 8% on completion 1st Floor / 8% completion 3rd Floor / 8% Completion 6th Floor / 40% on completion.

[Cruisejet]

Hi Sally,

I could be interested - what is the expected completion date? What do you think the property will be able to be sold for at completion?
What would the rental return be at completion?

And, who is the developer?

Thanks,

CJ.

[Sally1980]

Originally Posted by Cruisejet

Hi Sally,

I could be interested - what is the expected completion date? What do you think the property will be able to be sold for at completion?
What would the rental return be at completion?

And, who is the developer?

Thanks,

CJ.

Hi,

The developer is expecting to complete end 2009, I think they will complete around midd 2010(the construction has already started, you can have a look at the actual site).

Although it is quite difficult to give a estimation for over two years, based on it's location, next to Dubai World Central (World's largest Airport) and Jumeirah Golf Estate, the value will not be below 2.000 AED/sqft. It's proximity to Dubai World Central, and the amount of green in the community makes it also very attarctive for rental purposes, I think 140.000 / 150.000 AED annualy would be a fair estimation.

Again it is difficult to make estimations for over two years, but I can assure you that the price it's being sold now is under the market price. Where else in Dubai can you get anything for 900 AED/sqft. with such a green community and strategic location.