Hold Your Properties!

sasherwani · #1 03-08-2008, 06:19 AM

The summer slump has cooled down most of the property market (except for maybe Badrah).. but it is just because of the lazy summer .. I suggest all investors to hold their investments till the end of Ramadan.. I predict a 10-15 % jump in the prices of all studios and one-bed properties and a 5%-10% rise the prices of 3-beds and townhouses in the first week of October which marks the end of Ramadan AND the beginning of Cityscape Dubai.

Any conflicting arguments are welcome!

golto · #2 03-08-2008, 07:31 AM

Quote:

Originally Posted by sasherwani

The summer slump has cooled down most of the property market (except for maybe Badrah).. but it is just because of the lazy summer .. I suggest all investors to hold their investments till the end of Ramadan.. I predict a 10-15 % jump in the prices of all studios and one-bed properties and a 5%-10% rise the prices of 3-beds and townhouses in the first week of October which marks the end of Ramadan AND the beginning of Cityscape Dubai.

Any conflicting arguments are welcome!

hi,
i doubt, i think it might go as my friernd is expecting, it is jam pack now a days,

sasherwani · #3 03-08-2008, 09:54 AM

it might go? I dont understand.. what might go?

iced · #4 03-08-2008, 01:09 PM

Quote:

Originally Posted by sasherwani

The summer slump has cooled down most of the property market (except for maybe Badrah).. but it is just because of the lazy summer .. I suggest all investors to hold their investments till the end of Ramadan.. I predict a 10-15 % jump in the prices of all studios and one-bed properties and a 5%-10% rise the prices of 3-beds and townhouses in the first week of October which marks the end of Ramadan AND the beginning of Cityscape Dubai.

Any conflicting arguments are welcome!

think that you are right but prices will increase closer to 10%

New_Investor · #5 03-08-2008, 05:36 PM

Quote:

Originally Posted by sasherwani

The summer slump has cooled down most of the property market (except for maybe Badrah).. but it is just because of the lazy summer .. I suggest all investors to hold their investments till the end of Ramadan.. I predict a 10-15 % jump in the prices of all studios and one-bed properties and a 5%-10% rise the prices of 3-beds and townhouses in the first week of October which marks the end of Ramadan AND the beginning of Cityscape Dubai.

Any conflicting arguments are welcome!

I agree, but i think the market should come back mid August.

JOHNNY-D · #6 04-08-2008, 08:48 PM

i agree with u, Sasherwani. As last year the prices JUMPED with approximately 15% after Ramadan right away! i still remember. --> October is the when!!!!
and i agree with New Investor too, we can have some good time before AUGUST ends.
OR..... lets keep our fingers crossed.

Doctor Robert · #7 05-08-2008, 05:35 AM

Summer in Dubai has always been dead season.
And yes, things will pick up a bit by end of this month. Things will definitely jump up in September (Ramadan does not play a big role on the secondary market, and most developers launch very little during that month).

Big jump in October? You guys are all forgetting about 1 detail: City Scape! That has always brought prices up!

So to all people currently holding properties: keep holding. Wait out this summer (you only have about 4 weeks left). Come September, you will be selling again. Come October, you will be making a killing!!

Thakur · #8 05-08-2008, 10:03 PM

yep City Scape always , creates a lot of excitement and brings in new buyers , also I feel this summer was not as slow as the previous summers , I think the next few months will see incredible growth

Roshan · #9 07-08-2008, 08:20 PM

Quote:

Originally Posted by Doctor Robert

Summer in Dubai has always been dead season.
And yes, things will pick up a bit by end of this month. Things will definitely jump up in September (Ramadan does not play a big role on the secondary market, and most developers launch very little during that month).

Big jump in October? You guys are all forgetting about 1 detail: City Scape! That has always brought prices up!

So to all people currently holding properties: keep holding. Wait out this summer (you only have about 4 weeks left). Come September, you will be selling again. Come October, you will be making a killing!!

As long as we have speculators in, the prices will go up. However those are not the correct prices. For that matter nobody knows the correct prices.

Regards

Roshan

golto · #10 07-08-2008, 09:05 PM

yes speculators zindabad, but they come when ity it is green enough, so if prices go up, we will follow, an if go down we will jump before the others.