Has anybody had any dealings with Manchester Reale Estate

[kevin T]

If you have had any dealings with Manchester Reale Estate can you please advise if they are a reputable developer or not. I have purchased an appartment in Manchester Sports Towers 1 in Sports City but am struggling to get any updates from them. The feedback I have had so far is very worrying. Their address is Al Moosa Tower 1, Sheikh Zayed Road.
Many thanks to everyone who has responded to my earlier thread, your help is much appreciated. Kevin T

[sqftmag]

Kevin, I've never heard of them and, as a property magazine editor, I get press releases from every developer and agent under the sun. I know the Sports City development but not in connection with the guys you mention. Keep me posted and I'll tell my readers at Sq Ft Property Investor Magazine about this as it sounds worrying.
Kind regards, Michele Andrew

[mpat]

Originally Posted by sqftmag

Kevin, I've never heard of them and, as a property magazine editor, I get press releases from every developer and agent under the sun. I know the Sports City development but not in connection with the guys you mention. Keep me posted and I'll tell my readers at Sq Ft Property Investor Magazine about this as it sounds worrying.
Kind regards, Michele Andrew

Hi sqftmag
you are right , I tried to find out their phone number to contact them , but could not find them in directory.May be they are operating with different name.
Kevin,
you can send me more details about them if you have already purchased from them , I will personally try to go to their office or site and find out more about them.One should take atmost care in purchasing something without seeing it actually.we read incident with Grathal also in another post.

[Rammah]

Originally Posted by mpat

Hi sqftmag
you are right , I tried to find out their phone number to contact them , but could not find them in directory.May be they are operating with different name.
Kevin,
you can send me more details about them if you have already purchased from them , I will personally try to go to their office or site and find out more about them.One should take atmost care in purchasing something without seeing it actually.we read incident with Grathal also in another post.

I think it's advisable to always contact the developer just before sending any money to the agents. It's also safer to research the developers and make sure they have ESCROW in place etc...
I hope you end up sorting out the situation with Manchester, and please kee us informed!

Good luck again,
Rammah

[naga7]

manchesterrealestate ae

I phoned them today. I asked for the website address and was told it was manchestertower com. Doesnt seem to be coming up though.

Seems a bit dodgy to me. I am interested in buying an apartment there but scared too. Any advice would be appreciated.

its a 1 bed 560 sqft for £100k

Any advice PLEASE

[sqftmag]

Put it this way, would you put all of your money in a bag, walk to a train station, hand it to a total stranger and walk away?
If the answer is "No" then don't invest in this!
Simple.

[Roshan]

Originally Posted by sqftmag

Put it this way, would you put all of your money in a bag, walk to a train station, hand it to a total stranger and walk away?
If the answer is "No" then don't invest in this!
Simple.

Absolutely right. I see many investors who follow a blind path and fall into trouble.

When you call on a bank / investment consultant and ask about the investments they have, would you not be interested to know how the investment will perform, what rate of interest you will get...so on and so forth. The same thing applies to real estate.

When you invest in real estate, you need to sleep well at night, without any tensions that you might be cheated. Research is the name of the game. If you have your research right, then you you should be laughing your way to the bank.

Regards

Roshan

[mpat]

Nadia
I think above mentioned advices are good enough for you to avoid buying there.Only one benefit of doubt can be given to them if the building is ready and that time u r buying.Its only then it makes sense.Otherwise price is also very high.
Bye

[Roshan]

Originally Posted by mpat

Nadia
I think above mentioned advices are good enough for you to avoid buying there.Only one benefit of doubt can be given to them if the building is ready and that time u r buying.Its only then it makes sense.Otherwise price is also very high.
Bye

Nadia,

Why don'y you think of Falak properties. It's not that I have soft corner for them. It's just that there is a finance option on their developments. Amlak finances upto 90%.

Remember when a bank finances a project, 90% of your research on the developer is done. Banks scrutinize a developer up side down, inside out when they give lending options, thereby you are assured that they will not foreclose on the project or run away.

Falak is on my short list when I get my equity release this year end.

My mantra is always go for good developers or ready properties which can be inspected, felt and then bought.

Hope this makes sense.

Regards

Roshan

[naga7]

Thanks for the advice. It is very much appreciated. I think I will give Manchester Tower a miss.

I will check out Falak too.

Kindest

nadia