I am a real estate agent who specializes in International city. I visit International city very often and see the whole development in front of my eyes, here is the latest. The clusters 100% ready are, Persia, Italy, China, Morocco, Russia. Out of which the only cluster being handover so far is China. The rest will follow on a rota basis. There are few new charges introduced and they must be paid before hand over. 1.5% to 2% land registration fee. And some admin charges.
Spain is due to complete in few months as well as England. France the way it looks I say it will be ready not before December for handover. But I think that France going to benefit from its delay as by the time France is ready most of the landscape and roads are ready plus the market will be establish for both sale and rental. You will loose the rental income for the time being but you will be compensated with the price increase and the high rental return. At the moment the rental rates in International city is Studio AED fm 36K to 40K Per year 1 bed room are going for AED48K to 52K per year, were the sale prices are on the rise since Sep 2006 they increase an average 5K to 10K every month. If you need to buy in today market ready Studio for Cash is
310K+ and 1 bed 410K+ Which is almost 30% to 40% increase of the capitol .
Greece cluster is the worst and will be ready last I say in March April 2008 the earliest. If you need any help or info let me know Welcome to Home4Uintl.com