let's hope so, any idea about Ajman projects?

__________________
Regards,
Mr.H

Q point called me and there's a new launch Phase III price starts at AED 1200 psqf ?!! this is totally ridicules, the original price was 600 psqf and currently on resale you can get a good deal of 750 - 800 psqf?!

this project was supposed to cater for the low and middle income class!! do you see the irony in this.

__________________
Regards,
Mr.H

Dear All,

What Al Mazaya and other developers do is that they launch the project with a certain percentage of units up for sale at a low price. Once that is sold-out and interest in the market about the project is growing they would release the second lot at a higer rate to get more money and the last lot would be when construction is complete.

Now to come to Al Mazaya, they are a reputable developer from Kuwait; however they have not yet delivered any projects in Dubai, they have alot of things going and alot of investeors money. To get the real picture from them or any other developer, ask them to see a completed or near completed project to get an idea about the quality.

Regarding Escrow, yes all projects are required to have escrow accounts so money get deposited in them. However, the concept of Escrow relates to releasing money to the particular project as the construction progresses.

The million dollar question is: Who is monitoring the construction progress and approving payments from the Escrow Accounts? Ask RERA and the escrow account managing bank???

Regards,

An insider

Hi,

I want to invest in queue point, could you please update me, how is the market going on now a days, what is per sq ft. Any availability at good price.
I will be highly appreciate all the replied.

Ramesh

Yeah I wonder how much Quepoint has appreciated since Hesham first posted. Someone please find out.
Btw - it is a safe project if you got in early (around 5% premium). *** is selling it. They always have the best payment terms. I think Q-point is not something you can flip fast. But when completed I feel you will get a good premium. Its for mid-income housing. Si its fairly cheap to buy into. But not I think it may be too late, plus there are other better investments in Dubai.

I bought a 1BR at 9% premium (740 per sq feet) before dynasty zarauni re-lauched it at 1000. Today the developer price is 1200 per sq feet. But still its a great investment i believe due to its strategic location.

thanks blacberry. when did you buy it? if you wanted to sell it right away could you? hows the demand?

i have one queue point in resell at 925/sq feet.
rshardha@eim.ae

Ramesh

The guy above is saying market price is 1200 and Ramesh you are selling for 975? Can you please email details. Thank you.
sameer (dot) dada (at) gmail

Queu Point is available at different payment plans. The once on old payment plan are available at around 900 per sq feet in which 70% to be paid during construction and 30% on posession. While the once that are at higher price are at 30/70 payment plan.
10% paid
10% due in Aug 08
10% in Dec 08
70% on posession
I have 2 units on new payment plan. OP is 970 and SP is 10% premium.
Drop me a mail at blackberry2k at gmail dot com