Quote:
Originally Posted by portfolio builder
hi sally and all
I feel it will be a good idea to purchase either a floor or half jointly, which will spread the risk and returns, we should have an mou to indicate as to when we ish to resell ie time and % return, subjet to the total cost and payment plan imwilling to become a 25% shareholder in the above half floor.
await the other 3 likeminded parties.
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Dear portfolio builder and all,
A great idea actually. I think what you do is great… This forum should be more used by individual investors to join together and increase purchasing power against developers. Buying floors (at pre-launch) is always more profitable than buying more expensive single units at the public launch.
Regarding the project you referred to, the developer has put sales on hold for the moment, until they receive escrow account for this project. As soon as they release it again for bulk buyers, I will let you know.
Right now there is a project launching in Ajman, from a decent developer, right on the emirates road and next to the mall, a beautifully designed (unfortunately not so common in Ajman in my opinion yet) building with mixed use, very attractive payment plan and good price.
I am planning to invest in the commercial (office) units of this project and am looking for co-investors to book a whole floor jointly to get a large discount (we will just buy at the same time, but the purchased units will be on our own separate names).
For more info see also the "property for sale" section
http://www.propertycommunity.com/forum/dubai...html#post54624.
Salman
T: 050 7595 971
E:
s.khabireh@gmail.com