Mizin - Remraam

[sameer.dada]

phase 2??

Everyone is asking for phase 3 currently..

[DubaiMuse]

Can some one please tell me the current premium (without commission & transfer) going for Phase 3 in Remraam. I just want to confirm what the current premiums are going for Phase 3 for 2 Br.

Also what are the normal transfer + commission rates ?

Would any one recommend buying and holding onto this (for atleast a year) or selling this after city scape ?

All suggestions/advise welcome...!!

[DubaiMuse]

Well my brother has been offered the following for his apartments in Remraam (phase 3). Can anyone please advise if according to market rates these offers are good ?

For 1 bed room : 1250/sqft...about 17.37 % premium net
for 2 Bed room : 1185/sq ft....about 15 % premium net (buyer is paying cash on spot, rather than financing, on this one)

All of these were Net...

Please kindly let me know what you guys think of these offers ? My brother wants to sell these ones now and the remaining he has after City Scape. If anyone can advise that would be great.

Originally Posted by sameer.dada

I dont' know about 2 bed. But 1 b/r is 20%. Studio is higher. Yes hold till after cityscape. I've got a few 1 b/r units (846 sq ft) each. I'm selling 2 of them now for 21% premium plus 2% transfer. THen selling the others after cityscape.

[sameer.dada]

Nope, tell him not to sell. Ciyscape is only a few weeks away. Might as well wait as there are no payments to be made.

[Investor3]

Originally Posted by janith

Dear Users

I would like to know if anyone has any experience dealing with mizin and if so if their upcoming release of Remraam in Dubai is a good opportunity to invest? Any thoughts would be much appreciated.

Thanks
CJ

visit www,amgblace,com they are launching the third phase of Remraam. So far Dubai's Hotest Investment. They got all price details and help you with your investment programe throught. I made mine during the first two phases.

[Investor3]

You can get answer for all your query about Remraam and the phase 3 of its progress at www,amgblace,com. Call them and they will take you through step by step. I have done it and a good opertunity to invest even during this credit crunch period.

[really_true]

Mizin remraam my favourite property . Its one for the long haul one for flipping you name it .
Even in this credit crunch this one is a HOttie . It makes all sense in buying what you can .Dont spread yourself thin . Prices are very attractive in fact i ve got some pics on its site construction . Any one got ideas how i can attach them here .My suggestion to one and all
buy this hottie -its a favourite with extra sound fundamentals .

[sameer.dada]

really true:

Yeah I agree with you. When the market comes back, Remraam will be the best project to have. Because the installment payment was due on the 7th, premiums came down as people without money had to sell for minimum premium. Now I hope it will get more expensive again. I've got one which I'll sell for 1280 aed.

[Rasheed Muhammed]

Remraam (Mizin) is a development where the developer has to do something urgently about their prices considering steep fall in construction costs (60-70%).

Their launch price in April 2008 of AED 1020 per sq ft is highly overpriced and a steep increase from their initial price of AED 750 - AED 850 per sq ft. This increase would have taken into account the escalating construction costs which is no longer valid.

Is there any forum of Mizin investors who have the same situation as me?

[usmanzk]

Originally Posted by Rasheed Muhammed

Remraam (Mizin) is a development where the developer has to do something urgently about their prices considering steep fall in construction costs (60-70%).

Their launch price in April 2008 of AED 1020 per sq ft is highly overpriced and a steep increase from their initial price of AED 750 - AED 850 per sq ft. This increase would have taken into account the escalating construction costs which is no longer valid.

Is there any forum of Mizin investors who have the same situation as me?

I'm in the same situation as you Rasheed. I have loads of apartments in Phase 3 Mizin is sticking with the payment plan, no changes. Have tried talking with them, no success.
Let me know if something works out for you.