I am also in the same boat. I am thinking of getting a two bed room appartment for investment. Plan is to sell it on possesion in August or September.
Market rates are on the higher side if you compare it from Dubai. Also there are so many hidden charges the interest rate will end up at about 12%-15%.
One more thing here is quite intimidating, the builder are increasing the prices at their will. Last time went to check one builder, he quoted me 1.8 million for a two bed room and than advice me to get one from him at 1.6 mil from open market and he will charge 20,000 as his comission.
Now we have two different rates here, so what is the realistic rate?. Upon completion, the increase will be what? If buy from builder I am already at a loss.
One more interesting thing I have come across is the price hike/speculation, Tuscan by Saban builders in pearl has increased 20% last month. Now they are selling at 12500 per sqm. Last month it was 10500 per sqm.
Is this the case that almost all the building has beed sold and to persuade the possible buyer, they are showing the lucrative returns on the insvestment to secure their new project....................
I am also in the same boat. I am thinking of getting a two bed room appartment for investment. Plan is to sell it on possesion in August or September.
Market rates are on the higher side if you compare it from Dubai. Also there are so many hidden charges the interest rate will end up at about 12%-15%.
One more thing here is quite intimidating, the builder are increasing the prices at their will. Last time went to check one builder, he quoted me 1.8 million for a two bed room and than advice me to get one from him at 1.6 mil from open market and he will charge 20,000 as his comission.
Now we have two different rates here, so what is the realistic rate?. Upon completion, the increase will be what? If buy from builder I am already at a loss.
One more interesting thing I have come across is the price hike/speculation, Tuscan by Saban builders in pearl has increased 20% last month. Now they are selling at 12500 per sqm. Last month it was 10500 per sqm.
Is this the case that almost all the building has beed sold and to persuade the possible buyer, they are showing the lucrative returns on the insvestment to secure their new project....................
Damn I am confused.