First Qatar is in a very need for the cash, otherwise they wouldn't waive the connection fee charges for those who are willing to pay off their apartments this month without handing over the apartment.
I personally think it is a good deal to pay off now and start pay the interest instead of paying 120,000 for connection fee charges. Yes, its true that I will be paying interest for God knows how long and First Qatar still hasn't given us the new handover date, but i don't think it will be more than 7 months from now. That's why I would like to hear from other owners when they expect to get their apartments.
By the way, my best friend rented out his one bedroom apartment in tower 4 (starting from last September) for 10,500 QR per month. I personally do think that he should have waited a little longer to find a better deal. I can't remember how big his apartment is but i know he paid 1.49 million QR. I think 8.4% is a very good "tax free" return.
First Qatar is in a very need for the cash, otherwise they wouldn't waive the connection fee charges for those who are willing to pay off their apartments this month without handing over the apartment.
I personally think it is a good deal to pay off now and start pay the interest instead of paying 120,000 for connection fee charges. Yes, its true that I will be paying interest for God knows how long and First Qatar still hasn't given us the new handover date, but i don't think it will be more than 7 months from now. That's why I would like to hear from other owners when they expect to get their apartments.
By the way, my best friend rented out his one bedroom apartment in tower 4 (starting from last September) for 10,500 QR per month. I personally do think that he should have waited a little longer to find a better deal. I can't remember how big his apartment is but i know he paid 1.49 million QR. I think 8.4% is a very good "tax free" return.