Quote:
Originally Posted by muqarabin
Anybody hear of La Hoya Bay Residence....my agent I bought IC phase3 from tells me this is a new launch and that it is another version of Palm in Dubai....i.e man made island and with similar potential. Anybody with any insight?? I am considering buying into this
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This project has been around for a long ime and not just launched. Yes, it would prove well in the long run and would be a version of the Palm Jumairah. Immediate flipping - a big question mark. I would not go into it for an immediate flip.
Water front properties tend to do well and turns out to be a good tourist destination. You could make money from short term rentals. Invest in residential more than commercial. Residentials tend to do well on such developments.
La hoya bay is a man made island and would take a very long time for it to be developed. If you can hold upto the full development being handed over, it would be a good opportunity.
Remember an agents job is to sell so that he can get his commission. Don't take everything on face value.
Regards
Roshan