City of Arabia

[Roshan]

Originally Posted by romaforever

I was buying in May 2007 the following unit:

Floor: 32nd.

View: Wadi Walk

Surface area: 667 sqfeet or 61.97 sq m

Price: 620,977 AED

Then the personal situation stopped me from doing so. Should I be happy or disappointed in view of what has been happening in Dubai's market (possible oversupply, late delivery, increase of inflation etc.)?

Generally property bought with long term holding in view works out well. As long as you are on positive cash flow, it does not matter what you pay the bank. Of course location is also important.

You got to sleep well while you invest in property. If you are not comfortable with the development, then you should not get into it and waste your time fretting about it.

It's like getting married I guess, you see many but you get married only to one.

Regards

Roshan

[fcrs]

Originally Posted by romaforever

I was buying in May 2007 the following unit:

Floor: 32nd.

View: Wadi Walk

Surface area: 667 sqfeet or 61.97 sq m

Price: 620,977 AED

Then the personal situation stopped me from doing so. Should I be happy or disappointed in view of what has been happening in Dubai's market (possible oversupply, late delivery, increase of inflation etc.)?

Well i bought almost same time with 774 Sq ft 23 floor in 646000
and i got offered now about 720,000
i think i better sell it
what u think ?

[romaforever]

That is the main question. It depends what are the chances to see the tower and the other important buildings in the area when are completed.
When I was going to buy the unit there I was thinking long term.

[Roshan]

Originally Posted by fcrs

Well i bought almost same time with 774 Sq ft 23 floor in 646000
and i got offered now about 720,000
i think i better sell it
what u think ?

I have not concentrated on City of Arabia as such but I know it's massive development.

Correct me if am wrong , but what's the point if the building comes up and you have no roads to it. Tenants or end investors would not feel like staying in theuilding as there is no infra structure inplace.

If the building is close to the road and not entirely dependent on infrastructure then it's OK. Otherwise it's better to flip and go for something close to completion.

A friend of mine flipped his 2 bedroom at the Lofts and got a return of 500,000 dhs on his 100,000 investment. Of course he had to pay a 2% cancellation charge to Amlak which came to peanuts.

Both sides of the coin seem to be attractive.

Rgds

Roshan

[savais]

The infrastructure is the first thing being done at city of arabia, so when the building is completed, don't worry about that. Yes, you will have to wait 6 years more for the metro, but once it is ready, that will add to the attractiveness. If you are looking to double your money on your investment, it may or may not happen. However, I think once dubailand is completely ready, your investment will prove a sound one.

[chiquita]

Do anybody know the current price per sf. in COA? ARABIAN OR WINDSOR?

Originally Posted by Roshan

I have not concentrated on City of Arabia as such but I know it's massive development.

Correct me if am wrong , but what's the point if the building comes up and you have no roads to it. Tenants or end investors would not feel like staying in theuilding as there is no infra structure inplace.

If the building is close to the road and not entirely dependent on infrastructure then it's OK. Otherwise it's better to flip and go for something close to completion.

A friend of mine flipped his 2 bedroom at the Lofts and got a return of 500,000 dhs on his 100,000 investment. Of course he had to pay a 2% cancellation charge to Amlak which came to peanuts.

Both sides of the coin seem to be attractive.

Rgds

Roshan

[ashahani]

Originally Posted by romaforever

What do you think in an invetsment in City of Arabia?
The problem I see is the delay of the project. But the location seems great. What is your opinion?

What about Ilyas & Mustafa Galadari Group? Is it a "safe" company? I read good about it, but I would like to know your experience.

If you are looking to invest then, I think an ideal place would be downtown dubailand, Majan. Check it out and let mw know what you think. Also, it will be the first area to be opened up....if interested let me know

[sval]

Can you give me details of some properties in Majan?

[zhouguoyaogeorge]

Originally Posted by ashahani

If you are looking to invest then, I think an ideal place would be downtown dubailand, Majan. Check it out and let mw know what you think. Also, it will be the first area to be opened up....if interested let me know

MAJAN IS NOT DOWNTOWN OF DUBAILAND.
CITY OF ARABIAN IS HEART OF DUBAILAND.

[ashahani]

Originally Posted by zhouguoyaogeorge

MAJAN IS NOT DOWNTOWN OF DUBAILAND.
CITY OF ARABIAN IS HEART OF DUBAILAND.

if you have do a search on majan, dubailand, then youu might know that downtown dubailand is majan......check out dubai property news