The Overseas Property Investment Forum

Manmeet · #11 17-05-2008, 02:43 PM

050 8718175

pancholidev · #12 19-05-2008, 08:05 PM

Please send me the updated list and your contact detail... thanks

Dev
0507351132,
pancholidev at gmail dot com

investorppty · #13 20-05-2008, 03:48 PM

Quote:

Originally Posted by Manmeet

I have some floors and units available at half the original price of the property.

E.g. you can buy a property at 1,000 AED per sq ft whose original price is 2,000AED per sq ft. The contract will have the original value(2,000AED per sq ft). You can buy today at 1,000AED psft and sell it immediately for 2,000AED psqft.

Sounds amazing right !!

For more info pls send a pm.

Regards

Manmeet

I am new to this forum and still very new to the Property Invesment market in Dubai. Going through the prices you detail on the updated list, it looks like this is too good to be true. Are you able to provide us with moreinformation such as:
1)Name of Developer , No of Years in Business, Reliability of Develope, Other Developments of Developer and whether they completed the project?.

2)Expected Date fo Completion of Project

3)Current Status of Project

4)Reason for reduced prices - I want to be sure that Low Price does not mean low quality and will developer be able to complete the project?...

5)Payment Plan

Rgds
Investorppty

Manmeet · #14 20-05-2008, 04:38 PM

Quote:

Originally Posted by investorppty

I am new to this forum and still very new to the Property Invesment market in Dubai. Going through the prices you detail on the updated list, it looks like this is too good to be true. Are you able to provide us with moreinformation such as:
1)Name of Developer , No of Years in Business, Reliability of Develope, Other Developments of Developer and whether they completed the project?.

2)Expected Date fo Completion of Project

3)Current Status of Project

4)Reason for reduced prices - I want to be sure that Low Price does not mean low quality and will developer be able to complete the project?...

5)Payment Plan

Rgds
Investorppty

The listed properties are with well known developers.

The prices are so low because these are 100% cash advance properties. If you want to buy at this rate you will need to pay the entire amount in one go. This is good for investors who have that kind of money just kept in their accounts. Once you invest for a cash property the max benefit is achieved by the time the property is ready.

For e.g if you look at the Dubai waterfront development by ACI property developers. The cash price is 1,100 AED per sq ft. The original price is 2,000 AED per sq ft. Usually if you are on a regular payment plan in 6 months you would pay 25-30 % of the entire price. But when you buy a cash property you have paid 100% already.SO if you sell the property in 6 months the gain is not that much as a person who has paid 25-30% will get the same premium as you who has paid 100% so you should wait till the property is ready or sell the property just before it is ready as everyone , even who bought on payment plan would have paid almost 100%. At this time your minimum gain is 100% as you bought at half the price . Usually by the time the property is ready you already have a good amount of premium on the property so then your gain becomes 200-300% depending on the premium on the property at that time.

So its a very safe investment. Even if tomorrow the property rates stabilize you can still sell at the original price which is still 90-100% more then what you bought at. But like the market is going right now you would make atleast 200-300% on your property in 2 years by the time the property is ready.

Let me know which property you are interested in then I can send you details about the project completion, developer , location etc.

Thank you

Regards

Manmeet

investorppty · #15 20-05-2008, 04:53 PM

Quote:

Originally Posted by Manmeet

The listed properties are with well known developers.

The prices are so low because these are 100% cash advance properties. If you want to buy at this rate you will need to pay the entire amount in one go. This is good for investors who have that kind of money just kept in their accounts. Once you invest for a cash property the max benefit is achieved by the time the property is ready.

For e.g if you look at the Dubai waterfront development by ACI property developers. The cash price is 1,100 AED per sq ft. The original price is 2,000 AED per sq ft. Usually if you are on a regular payment plan in 6 months you would pay 25-30 % of the entire price. But when you buy a cash property you have paid 100% already.SO if you sell the property in 6 months the gain is not that much as a person who has paid 25-30% will get the same premium as you who has paid 100% so you should wait till the property is ready or sell the property just before it is ready as everyone , even who bought on payment plan would have paid almost 100%. At this time your minimum gain is 100% as you bought at half the price . Usually by the time the property is ready you already have a good amount of premium on the property so then your gain becomes 200-300% depending on the premium on the property at that time.

So its a very safe investment. Even if tomorrow the property rates stabilize you can still sell at the original price which is still 90-100% more then what you bought at. But like the market is going right now you would make atleast 200-300% on your property in 2 years by the time the property is ready.

Let me know which property you are interested in then I can send you details about the project completion, developer , location etc.

Thank you

Regards

Manmeet

I am looking for something at Dubai Waterfront. Probably a studio or 1 bedroom. With a good view.....u can email me at faizal@skyband.mw