1) Not heard of Desert home. Developments in Jumairah village are freehold but the attached report has something else to say. I have attached a report which I downloaded, please read " request for long term lease " in the report. Pls clarify this with the developer. The development is done by Mirak group who are into agriculture. Mirak lettuce and strawberries are quite popular in Dubai.

2) As per yesterday's gulf news the prices in the secondary market is between 650 to 750 dhs psf.

3) It would require a developer atleast 2 years to complete a project. June 2008 does not sound realistic.

4)As per the current rates, you could rent out for atleast Dhs 60,000 -70,000. When more supply comes into the market, there will be corrections on that but hopefully should not drop below Dhs 50,000.

Have you taken mortage or are you self financing. As long as you are on positive cash flow, you should not worry as money is coming in and not going out.

Only time will tell who is good or bad in Dubai. Most of them are developing their first projects in Dubai. On which yard stick will you judge these people.

Do not panic, you have taken a decision to buy, now you should try and find ways of making it work.

Jumairah village will be a good place for community living. It could prove good in the long run.

Roshan,

Just to clarify that I now have answers to the questions that I posted a year ago on this forum. I would like to correct you however on this Mirak group report - Desert Rose is a residential development in Jumeirah Village South and not a horticultural project in The Green City - I think you have your wires crossed!

Anyway, as I’ve had quite a lot of messages from interested parties in Desert Rose, my findings are summarised:

Developer: The developer is Desert Homes FZCO, who are escrow compliant (No 200 on the list). I believe they are currently in the process of completing their first project, Marina View Towers in Dubai Marina, so they do have some sort of reputation for delivering.

Project: Desert Rose is located in Jumeirah Village South and construction is under way, with excavation works currently ongoing. Completion dates are given as being 1st quarter 2009, which may be possible as these are G+4.

Hope this helps.

Mohamed,

Sorry about that. Anyway, all's well that ends well.

Good luck.

Roshan

Hi Kelly Ihave 3 properties in JVS and I bought direct from developer. If you still have interest and wan't to buy at below market value please email me.
moali74 at hotmail dot co dot uk

What's the latest on this project ? Has there been any construction or are Desert Homes still using the same excuse of being delayed by Nakheel ?

hi Mohamad how r u?
about desert rose project i think the delay from nakheel and its true since nakheel has alot of problems now, and me personaly I know the Owner of desert home real estate , and 4 sure the dely not from their side and they already completed a tower in marina which all sold out ,
just all u need is to wait untill completion or u can sell ur apartments and invest ur mony in diffrent project like Mizin Remraam which is the price already shoots.
if u want any advice email me rasha.mashni at g mail dot com