City of Arabia

[dpc]

The delays are actually adding immense value to the property market.
If every development in Dubai had been completed on time, we might have been looking at an oversupply.
However, because of the huge delays, there is vast undersupply. Prices and rent are shooting up. More and more people are coming to Dubai by the month and adding to the demand.

So in a way, these delays have been kind to us.

[dubailover]

Originally Posted by FlipItFast

From the horse's mouth. You can call Galadari to confirm.

Does anyone know the Market rate for Wadi Walk 2 bed With a Wadi View ? I am getting conflicting rates from different people ?

Maybe someone who has sold a property could give us the feedback ?

regards

[chiquita]

The market price of Wadi walk 2 beds/2166 sft is about $ 660,000(US Dollar).

Originally Posted by dubailover

Does anyone know the Market rate for Wadi Walk 2 bed With a Wadi View ? I am getting conflicting rates from different people ?

Maybe someone who has sold a property could give us the feedback ?

regards

[mpat]

Originally Posted by chiquita

The market price of Wadi walk 2 beds/2166 sft is about $ 660,000(US Dollar).

Hi chiquita

The price seems to be less appreciated in last 6 months , is nt it ? Because other areas in dubai land like sports city and JVS , IMPZ has gone up very high in last 6 months perticularly, where as COA was priced on a higher side right from the biginnning , may be because of that there is not much hike in recent months.
Bye

[FlipItFast]

Originally Posted by chiquita

The market price of Wadi walk 2 beds/2166 sft is about $ 660,000(US Dollar).

Nice research Chiquita:
- 2 bed is not 2166 sq ft, that's 3 bed
- I found a link for a 3br/2166 sq ft for $660K, but its dated JULY 2007

Check out Sherwoods ads in the Gulf News. They often show WW apartments. I saw a recent one that valued a 2br at 1300 per sq ft. Of course, what's advertised and what is actually paid may be 2 different things.

[swanski]

Do anybody know something about new building OCTAGON in City of Arabia?

[romaforever]

Do you have any news about METRO TOWER? I was going to buy a unit in 32th floor (a studio) for about $160k. Do you think I did well in NOT BUYING the property?

[DAYFox]

Originally Posted by romaforever

Do you have any news about METRO TOWER? I was going to buy a unit in 32th floor (a studio) for about $160k. Do you think I did well in NOT BUYING the property?

WHEN did you get this offer?

[romaforever]

In April 2007

[DAYFox]

I would say the offer was good! Today you would have to pay more

By the way, today i got a package from Galadari -A complete new contract for WADI TOWER. Adjusted Payment plans and new completion dates... Not sure if i will sign, because than i am no more eligible for compensations!
Anyway, prices have shooten up in that area and completion is now end of 2009! Once the first towers in City of Arabia are ready you will not get anything less than 1400AED /sqfet. So I would suggest to buy now if you are playing in mind to invest there. But unfortunately you will have a hard time in doing so because there are no resales at all for City of Arbia...