Quote:
Originally Posted by Roshan
BB has quitened down. The new flavor is water front. The new projects in BB were launched at 2300 to 2800 dhs psf.
In the secondary, I could see some members getting properties for Dhs 1500 to 1750 psf.
Regards
Roshan
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Dear Roshan
They say never undermine anyones brain and to be honest , last month I took my kids on a holiday for 4 days to the beach in Dubai , and she is only 14 years old , she said" it seems that in Dubai what is good today , is not good tomorrow in Dubai" and I asked how, she said " they treat houses like restaurants , when they first open every one want to try them and after few months no one wants to go " , I was stunned by what she said , because she was so right ,
it is a phase in Dubai , they like it today and hate it tomorrow . tooo much money my Friend .
and the locals there can afford to flip so fast and they get total propriety and inflate the market on no basis, of demand and supply , they buy now sell after half an hour for a quick 10 % profit on their 10 % deposit which adds up to 100 % profit in a matter of 20 minutes .
kind regards