Quote:
Originally Posted by sval
What do the forummers think of Downtown Jebel Ali as in investment destination?
The prices there have risen to absurd levels - Dhs.1600/ sq ft. Do you think this is justified?
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Down town J.Ali has not picked up as yet. Agree that the prices started on the higher side. Anything coming in the future will be much higher. This place would take sometime to grow and might not be a good flipping option for the moment.
Deeyar would have done a lot of market research before they went in there. They will be launching 4 towers in DSO shortly. When they saw the tide moving to DSO, they were quick to adapt.
It helps sometime to see where the good developers are moving.
Regards
Roshan