Predict the prices in 2010

[savais]

Hi,

I know this is one of those "who knows" answers, but what is everybody's guesses to what the price per sq ft will be in the following locations in 2010?

(1) Dubai Sports City
(2) Jumeirah Village
(3) City of Arabia

And what would the prices of current locations be by then?

(1) Greens
(2) Dubai Marina
(3) Old Town

Cheers,
Savio

[DoBuy]

Originally Posted by savais

Hi,

I know this is one of those "who knows" answers, but what is everybody's guesses to what the price per sq ft will be in the following locations in 2010?

(1) Dubai Sports City
(2) Jumeirah Village
(3) City of Arabia

And what would the prices of current locations be by then?

(1) Greens
(2) Dubai Marina
(3) Old Town

Cheers,

Savio

All of the above,500aed sq ft.DSO on the other hand 3000!

[mpat]

My guesses :
1. DSC 1200 PSF
2. JVS 1100 PSF
3. COA 1200 PSF

Greens , Marina and old town should be around 2000 PSF.

DSO , if its leasehold only around 1000 PSF.

Best Regards

[Sixgun]

mpat,
Thats a bit of a depressing answer,
I'm buying into Sports city now at around 1200, and it's just a hole in the ground.
When the tower is actually there for all to see, and liveable, with stadiums and malls around it, dont you think there should be some capital growth??

i hope you answer soon as I'm about to pay a 30% wedge

[sval]

My predictions:
JVS - 1500/SQ FT
DSC - 1800/SQFT
COA - 1800/SQ FT
DSO - 1500/SQ FT

[DoBuy]

Originally Posted by mpat

My guesses :
1. DSC 1200 PSF
2. JVS 1100 PSF
3. COA 1200 PSF

Greens , Marina and old town should be around 2000 PSF.

DSO , if its leasehold only around 1000 PSF.

Best Regards

dso is already 1000 for many buildings

[DoBuy]

(1) Dubai Sports City = 1700
(2) Jumeirah Village = 1700
(3) City of Arabia = 1700


(1) Greens = 2000
(2) Dubai Marina = 2500
(3) Old Town = 2500

[DoBuy]

Originally Posted by Sixgun

mpat,
Thats a bit of a depressing answer,
I'm buying into Sports city now at around 1200, and it's just a hole in the ground.
When the tower is actually there for all to see, and liveable, with stadiums and malls around it, dont you think there should be some capital growth??

i hope you answer soon as I'm about to pay a 30% wedge

U will make money from SC so I wouldnt worry.Once all the stadiums are up
and sporting events going on your'll make your money.

[mpat]

Originally Posted by Sixgun

mpat,
Thats a bit of a depressing answer,
I'm buying into Sports city now at around 1200, and it's just a hole in the ground.
When the tower is actually there for all to see, and liveable, with stadiums and malls around it, dont you think there should be some capital growth??

i hope you answer soon as I'm about to pay a 30% wedge

Hi sixgun
I m sorry to make u worried, but I generally try to be on the lower side so that even if it happens so , we are prepared for it and dont feel a shock. Otherwise if we predict the price to go upto 2000 PSF ( which looks very possible also in the present condition ) and what if by 2010 , supply meets demand and prices start to stabilise or downward.ITS ALWAYS GOOD TO FEAR THE WORST SO THAT IT BECOMES EASY TO DIGEST LESSER RETURNS that is my principle.
I dont think that you need to worry about the prices in 2010.Presentf inflation and other situation tells that prices will go up and up.
Best luck

[mpat]

Originally Posted by DoBuy

dso is already 1000 for many buildings

Do buy

I m expecting that prices will slightly go down by 2010 since supply demand ratio will be met by then.

What you think ? ? ?