Originally Posted by georgihh

AT the moment the real estates are advertising the above development and once they get rid of the flats they will move somewhere else.
Isn't that what every estate agent does everywhere in the world? If there are flats for sale they will sell them? – yes but not good for the honest people and they should know that the prices are not real

On top of that the above project is built under the national power grid and the quality is not great.
Have you actually been to DG? The electricity pylons are on the road side. Quality is meant to be very good.
Yes I have been and the power grids are just next to half of the buildings.
Don’t full the people please they are innocent investors and should know what they are buying.

As I said before the oversupply is starting in Dubai and all the overprized projects will suffer in the near future.
How do you know this? You should research the % of studio and 1 bedrooms (if any) in the surrounding areas that are currently occupied by families. Then find out how many families are renting or require decent 1bedrooms or studios.
Dubai has a great future and the infrastructure is being laid down. If there is a oversupply now, which I dont think there is, it will correct itself in the next couple of years. DG is a great development in an excellent location, with a real feel of community and alot of greenery. I dont see this in any of developments within this price range.
Don’t make me laugh. One bedroom JBR, Dubai Marina with facilities is 100000 DHS per year and you are trying to get the same price without facilities far way from the beach under the power grid.
You must be joking.

1500 per sqft is too much and the rent is unknown
Where have you taken this figure from? I wouldn't take the estate agents advertised sales prices. They are sometimes over priced. Testing the market.
One bedroom 1.2 million - real size 820 sqft .
Ok not exactly 1500DHS but very close.

I have invested IC, SO, DM(sold), DG (sold).
DG bought a studio for 380k last year sold it recently for 520k
Net profit 120k or 30% (for one year) not bad ,but from now on I don’t know.

Originally Posted by dubai_nomad

There are two reasons why I think you are talking nonsense. Firstly the pylons are way away from the development. I have a picture from the air which I will post on this forum. You can go to skyscrapercity for yourself and see.
#PROJECT: DISCOVERY GARDENS - Page 24 - SkyscraperCity

Secondly - this is a development for honest working families. Dubai is going expected to see a huge increase in labour force, they will need somewhere to stay and rent. DG is perfect - its not aimed at super luxury.
I think you are confusing your development, DG is meant to be a quite development which does have many swimming pools, basket ball courts, spa, saunas and will be surrounded by gardens. Marina is just another high riser that is surrounded by a man made pond. Some familes would like their kids to run around and play rather than being stuck in an apartment...not to mention the pollution.
Here are some pictures from DG
#PROJECT: DISCOVERY GARDENS - Page 22 - SkyscraperCity


I heard IC is not doing too well and the designs are pretty poor.

Originally Posted by mpat

Dubai nomad,

Did u actually visit discovery garden recently ?

Originally Posted by mpat

Dubai nomad,

Did u actually visit discovery garden recently ?

Originally Posted by georgihh

How much are the service charges per year?

Originally Posted by girlinterrupted

I have visited Discovery Gardens last week and the quality of construction of the buildings is way better than that International City. The main entrance of the building and the floors are marble (not talking about the flat's floor). It is beautifully landscaped already the trees have been planted. Plus with each flat parking is included. IC did not sell the parking so whether you find a parking is just luck. Landscaping has been completely ignored at IC and can you really compare the location at the end of the day to IC??? It is on sheikh zayed road. Please stop comparing it IC, they are two different developments at different locations with different pricing.
Gentlemen if you haven't noticed, the cost of construction is a lot more than it was last year or the year before and with proper labour laws in force, it will be difficult to sell anything less than 1000 per sq ft. So while you may see a correction in the future it can't be very steep. What might happen though is that all the small developers might have to pull out of projects because they might not be able to sustain the cost of building it.

Originally Posted by mpat

I m not comparing DG with IC but with JLT , DIP etc. Have you seen lifts ? Its cheap quality . . . ! ! !
Greenery is just for the name sake,Just compare it with the neighboring community GARDEN.
For sure,DG cant be compared with IC even though same developer,Becos prices are much more than IC.competing with DSC,JVS etc.so there is no comparison.