Quote:
Originally Posted by Jules1977
Hi
I need some quick advice. I am looking at a place on Al marjan island - Pacific, by select property. Its coming out at around 1600 DHS per square foot. However it is on the seveth floor on polynesia for anyone who knows the plans and is a full sea view.
this obviosly adds very much to the value / rentability / resale.
I guess I am just after some opinions on here before I make my move
Julian
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Research is what you need. Adds very much to the value / rentability / resale is fine but AED 1600 per sq ft is high. Your rents might not cover the mortgage if you are taking one. Find out what are the going rates in the neighbouring developments. If this is atrociously high, then you need to be careful.
I have posted a mortgage calculator ( in the first 3 postings of the forum ) which is easy to use. Analyse your positive or negative cash flow by feeding all the details. Always analyse by using a mortgage calculator.
While you are on the mortgage calculator access Sunil's site which gives you tips on how to invest inreal estate. The link to his site is on the mortgage calculator.
REgards
Roshan