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Ontario Tower -Business Bay - RosehomesInvestment Ontario Tower -Business Bay - RosehomesInvestment
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Ontario Tower -Business Bay - RosehomesInvestment - Page 2

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  #11  
Old 16-04-2008, 04:17 PM
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End of March



June 2007


August 2007


Oktober 2007


January 2008
Last edited by totallyproperty; 16-04-2008 at 04:52 PM. Reason: Links updated
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  #12  
Old 16-04-2008, 05:54 PM
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Default Nice Pics
Pics look great. Lets hope its ready by end of 2009. I doubt it though.

Got mines Sept 2006 .

Resale price stands at 1.3M to 1.4M and source tells me it will increase. Not sure what the rents like but outlook is quiet good so far.

Location definately a big +

Thanks DayFox
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  #13  
Old 16-04-2008, 07:42 PM
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Originally Posted by DAYFox View Post
All sold out since end of 2006 -only resale! Last time I checked commercial was around 2000AED per sqfet and Residential was 1800AED. Relatively cheap when you compare what other developers are charging (2500-3500) and again, i have to point out to the location, which is fantastic (right at the entrance, close too metro)! My guess is that prices on completion will be around 2500AED which from my point of view is fair for that area! Rent I am not too sure about it, but 250AED per sqfet seems reasonable and not too much for me!
What do you think Roshan?
Anything close to the main roads will get occupied first. Don't forget that the buildings inside will get ready but the infra structure will take some time.

Dhs 200 will be a safe guesstimate. Anything above that is a bonus.

I have assumed Dhs 150 psf rent for my books in Business Bay which is again on the conservative side.

Regards

Roshan
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  #14  
Old 16-04-2008, 07:44 PM
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Could I get some contact information for this property? I am looking to make an investment in BB very soon.
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  #15  
Old 16-04-2008, 10:13 PM
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Could I get some contact information for this property? I am looking to make an investment in BB very soon.
I will sent you a pm tomorrow or the day after.
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  #16  
Old 16-04-2008, 11:45 PM
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Originally Posted by Roshan View Post
Anything close to the main roads will get occupied first. Don't forget that the buildings inside will get ready but the infra structure will take some time.

Dhs 200 will be a safe guesstimate. Anything above that is a bonus.

I have assumed Dhs 150 psf rent for my books in Business Bay which is again on the conservative side.

Regards

Roshan
I remember reading that rent for office space would be much higher than that for BB
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  #17  
Old 17-04-2008, 09:06 AM
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I remember reading that rent for office space would be much higher than that for BB
You are right, i heard the same. Even some people told me it will be around 300-400AED but the truth is, that nobody realy knows, therefore you are safe calculating with 200AED... What do you think?
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  #18  
Old 17-04-2008, 08:42 PM
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Originally Posted by DAYFox View Post
You are right, i heard the same. Even some people told me it will be around 300-400AED but the truth is, that nobody realy knows, therefore you are safe calculating with 200AED... What do you think?
Yes, that may have been the prediction when Business Bay is in full swing and many companies have moved in. They predicted that rents would be from 500 -600 since there will be a shortage of office space for some time to come and then a correction when the supply catches up and the prices going down to 300.

If you are signing a lease when the first companies are starting to move in, then maybe 200 is a safe bet

I am sure there are some people here who know more than me though
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  #19  
Old 17-04-2008, 09:22 PM
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Originally Posted by LaCasta View Post
Yes, that may have been the prediction when Business Bay is in full swing and many companies have moved in. They predicted that rents would be from 500 -600 since there will be a shortage of office space for some time to come and then a correction when the supply catches up and the prices going down to 300.

If you are signing a lease when the first companies are starting to move in, then maybe 200 is a safe bet

I am sure there are some people here who know more than me though
When I said Dhs 150 to 200 psf, it was on the extremely conservative side.

Dhs 500 to 600 is very high, but if what you say is true, I should be laughing to the bank.

Don't forget there will be corrections when all the units come into the market. Such situations should call one to be conservative.

Always take the pessemestic figure when calculating and if it's higher, then it's a bonus.

Regards

Roshan
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  #20  
Old 20-04-2008, 08:25 PM
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I will keep you updated and will post new construction pics as soon as i get some...
By the way Roshan, where would you invest in BusinessBay right now? If you check alineah.com prices have gone up again this week:

Dubai Property, Villas, Real Estate and Appartments
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