Quote:
Originally Posted by stel_g01
Hi Roshan
I'm a keen business bay investor and interested to kwno what/where you think is good. Many of the new launches are overly priced and too expensive. Yet you can still pick up some good deals in mayfair tower for example at just over the 1 million Dhs mark which although its not the best location or towe, it's buisness bay after all and centre of dubai along with 70% commercial and 30% residential so there is a clear corporate rental market to be had.
What do you think?
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I agree that that there are better offers in the secondary market. It's the premium which you have to pay kills. Summer is the best time to pick up property in Dubai.
If you are an avid BB investor, my feeling is to look into the possibilities of picking up something on the boundry of BB and with easy access to the road. BB would take long for the full infra structure to come in and you should not be in a situation where the tower is up but the roads are not there and sand all around.
May fair is a Deeyar project and carries a little more value than other developers for sure. This residential tower will certainly cater to the office towers around, so location would not matter much. Sometimes they say in real estate you have go by your gut feeling.
Agreed BB will have it's own market. However one needs to see whether they can actually attract such a big chunk. Dubai has never gone wrong till now and after all the money they have invested in marketing Dubai, they have the brains, vision and foresight to make things happpen.
REgards
Roshan