Quote:
Originally Posted by mazi
Hello All,
I am thinking of a buy-to-let in JLT - the property i'm looking at should finish by late 08 - but i wasnt sure of the rentinng market in JLT - would many people be willing to rent & live in JLT around that time or with all the construction work going on you think the renting market would be poor around that time?
Many Thanks for any info  |
Hello Mazi,
I think it is an excellent idea of a buy to let and there could not be any great location other than JLT. The reasons are:
1.The price per sq ft is definitely lesser in JLT than in Marina which has already reached it's worth.
2. Once the infrastructure is in place it has a scope to increase and come closer to Marina prices
3. It will have Metro running right from the front of it and 2 Metro stations in JLT area.
If you are interested, I have a few 1 br in Concorde Tower in JLT for sale at aed 1220 per sq ft which includes transfer fee. These will be handed over by Nov 08 but are available for viewing currently. You can look at the construction of these apartments and then take a decision. These were released yesterday by a bulk investor. If you want to know further, I can send you the details by email. In that case please send me your email id.
ps: you are requested to decide soon,if you find it interesting, as the rates are very good and are expected be sold off fast.