Greece
Well there's not much else to add. All is going ahead and it looks very nice so far. There's still a lot to do and it looks as if Greece could be the last sector to be completed. December 2007 looks optimistic to me!
The lake is now being landscaped - it looks great - this should add value to the Greece sector. Better view than the Dragonmart!
No news of Forbidden City!! If this is built as promised then I think Greece and Persia will be the lucky ones. But Nakheel are tightlipped over this.
One note of disappointment - the balconies look tiny - but it's hard to tell at this stage of building.
It's not really being pushed in advertisements here - largely because Nakheel have sold off to speculators and they have sold to individuals - they've made their money already! So who is there to push it? Just the speculators trying to shift what they have left.
Having said this, prices are rising gradually - at least the prices asked are higher.
Rental is around 40 - 45 Dhs for a studio and 48 - 55 Dhs for a 1 bed.
What will happen when they all come online is anyone's guess but right now there are hundreds of empty places waiting for tenants or buyers. I was shown around Persia last week - it's like a ghost town - I could take my pick of many empty, waiting, finished units.
Jury's out - and I'm away for a month in UK.
Cheers Greecians!
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