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International City - Dubai - Owners Group Forum The diverse International City real estate project in Dubai will provide affordable living to over 60,000 people. International City has been described as an architectural and cultural melting pot of societies that include; Russia, Italy, Spain, England, France, Morocco, Persia, Greece and China. This forum is dedicated to those investors that have bought property in the International City project in Dubai.

Investment in England Cluster - Page 3

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  #21  
Old 16-06-2008, 01:19 PM
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england cluster y12 building shops 8 and 10 area 1664
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  #22  
Old 18-06-2008, 03:41 PM
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Hi anybody wants to sell 1 bed in england cluster. The flat should be ready to move condation.Thanks
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  #23  
Old 18-06-2008, 04:46 PM
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Quote:
Originally Posted by georgihh View Post
Dear all,

Jafza is a problem to get a license than comes nakhell, EHS, CEO to many problems
We have bought a shop last year October and still not pass CEO.
But the same procedure becomes standard for Dubai.
It is very difficult to run a business
Some people are already very upset and sell the shops for 600 per sqft.
Around 100 shops are occupied from the total of 3000
That’s mean if nothing changes all of us will loose
I remember at the beginning the price per sq ft for a shop was 600 and now is the same.
Unfortunately 3000 shops is a lot and will never happen.
This is to show that the property market is cracking from the ground floor.
If they build the metro to international city things might change but for now nothing is happening
if the owners write to jafza collectivly , and tell them about the plight maybe they increas there saff . in the long term maybe they have to think that ,they may be able to sell a million reidential properties but only give licence to a few to open the buisness . the bubble has to burst .
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  #24  
Old 23-06-2008, 06:54 PM
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Quote:
Originally Posted by kaku67 View Post
if the owners write to jafza collectivly , and tell them about the plight maybe they increas there saff . in the long term maybe they have to think that ,they may be able to sell a million reidential properties but only give licence to a few to open the buisness . the bubble has to burst .
can the shops be converted into apartments ???. as apartments are selling for like 1000 per sq feet and shops are not even being sold for 500 per sq feet . if nakheel allows the shops to be converted into apartments han it would be a great favour o the owners as they would be able to recover there orignal cost
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