Quote:
Originally Posted by Roshan
If the flat does not go out immediately, would that hurt your mortgage payments or cash flow.
Right now the demand is more than supply andf nobody knows how the markets will move. But, if you buy something now, you might be able to find someone quickly as the demand is more and supply less.
You need to take a call considering this. What price are you buying at ??. Hope the prices are reasonable.
Regards
Roshan
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Hi Roshan,
no - it's not a problem if it doesn't rent immediately. I would even consider living there myself instead of renting for a fortune as I'm doing now. It's even easier to sell without having a tenant to be considered by a potential buyer.
I think I've done my homework. Across the road, i.e. in the Marina, sqft prices are well above 2000 dhs, even for unfinished projects. If though it's prime location, most of the buildings are standing tight and many without any view.
In JLT on the other hand, sqft prices are around 1300-1400 for 2BRs for projects being finished right now, and 1500-1600 for 1 BRs. I think that's reasonable? Finished are going around 2000 as well, so my opinion is that there is space to grow. If Marina prices are still going up, JLT should follow right behind.
Well, we'll see...
/r