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New launch in AJMAN New launch in AJMAN
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UAE property The UAE Property Forum has been created to service a growing demand for overseas investment property in new emerging markets within the UAE and outside of Dubai. Please use this new section to discuss property in these other Emirtaes such as; property in Abu Dhabi, Ajman, Ras al-Khaimah and Sharjah.

New launch in AJMAN - Page 2

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  #11  
Old 01-06-2008, 08:45 AM
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The latest launch in Ajman downtown is city towers.
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  #12  
Old 01-06-2008, 08:49 AM
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Originally Posted by mpat View Post
Friends
I like this group FALAKNAZ.Its coming up with solid power (One can see their work in Dubai sports city ) and hoping to see them be one of the best developers in the region.I came to know they r launching ' PRIDE ' in downtown AJMAN.
Do you haev more details on this project
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  #13  
Old 01-06-2008, 04:52 PM
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Hi syedaat

U r right that ajman prices are also going up each week,But I m curious to know if ajman govt has any plans to upgrade existing infrastructure to accomodate this much of realty expansion ? R u working for a developer or an agent ?
Bye
The information that I have is that Ajamn projects Emirates City, Marmooka City and Humaid City are the only three where power will be made available by the time the developments are complete. The other projects may not be so luck! Thats why if you notice most of the new projects being announced in Ajman right now are in Marmooka City. None of the developers are holding back waiting to see, confidance is high that this is the case.

The project I have is still availble at Pre-Launch rates, so let me know if anyone wants to move on this, even if you are overseas.
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  #14  
Old 02-06-2008, 09:31 AM
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Originally Posted by Ali786 View Post
Do you haev more details on this project

I can get u details on this project , if u want , or else u can contact another member PEGASUS on this forum itself, who is working for the company pegasis r e who si the sole marketing agency for falaknaz.

bye
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  #15  
Old 02-06-2008, 05:30 PM
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Mpat - What is your view on the this project. The pricing seems to be little high on this project.
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  #16  
Old 02-06-2008, 06:47 PM
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Originally Posted by syedaat View Post
The information that I have is that Ajamn projects Emirates City, Marmooka City and Humaid City are the only three where power will be made available by the time the developments are complete. The other projects may not be so luck! Thats why if you notice most of the new projects being announced in Ajman right now are in Marmooka City. None of the developers are holding back waiting to see, confidance is high that this is the case.

The project I have is still availble at Pre-Launch rates, so let me know if anyone wants to move on this, even if you are overseas.
how much is the PSQF? please provide more details.
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Regards,
Mr.H
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Old 03-06-2008, 06:54 AM
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Mpat - What is your view on the this project. The pricing seems to be little high on this project.

How much is the price ? I think if it is between 500 to 570 PSF,its within the range, however, one can easily find cheaper in re sale,

Bye
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  #18  
Old 03-06-2008, 10:36 AM
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Hi all

I am new to the forum although I have been following the various discussions here with interest. I am a beginner when it comes to property investment but nevertheless has a question regarding resale of properties and how to calculate your profit.

Suppose you purchase a flat off plan for AED 1m and have paid 500k so far in instalments. The property subsequently doubles in value to AED 2m. Is your profit on resale 2m less 500k that is still owed to the developer via instalments so i.e. a profit of 1.5m?

Or is the profit 500k i.e. simply double what you have paid the developer so far?

This point has been confusing me somewhat so any help would be greatly appreciated.

Many thanks
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  #19  
Old 03-06-2008, 11:54 AM
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You should calculate your profit as follow

Property Price e.g 800,000
Area e.g 1200 sq.ft
Rate 666 per sq.ft

You paid to the developer approx 100,000 and the price jump from 666 to 700 per sq.ft

Your profit would be 700-666=34*1200=40,800
you have invested : 100,000 and return 40,800
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  #20  
Old 03-06-2008, 12:00 PM
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Originally Posted by Ali786 View Post
You should calculate your profit as follow

Property Price e.g 800,000
Area e.g 1200 sq.ft
Rate 666 per sq.ft

You paid to the developer approx 100,000 and the price jump from 666 to 700 per sq.ft

Your profit would be 700-666=34*1200=40,800
you have invested : 100,000 and return 40,800
Thanks very much Ali, so then would the new owner of the flat pay me 100,000 + 40800 all upfront?
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