Quote:
Originally Posted by Cruisejet
Hi Sally,
I could be interested - what is the expected completion date? What do you think the property will be able to be sold for at completion?
What would the rental return be at completion?
And, who is the developer?
Thanks,
CJ.
|
Hi,
The developer is expecting to complete end 2009, I think they will complete around midd 2010(the construction has already started, you can have a look at the actual site).
Although it is quite difficult to give a estimation for over two years, based on it's location, next to Dubai World Central (World's largest Airport) and Jumeirah Golf Estate, the value will not be below 2.000 AED/sqft. It's proximity to Dubai World Central, and the amount of green in the community makes it also very attarctive for rental purposes, I think 140.000 / 150.000 AED annualy would be a fair estimation.
Again it is difficult to make estimations for over two years, but I can assure you that the price it's being sold now is under the market price. Where else in Dubai can you get anything for 900 AED/sqft. with such a green community and strategic location.