The boomtime is back!
Sep 23rd 2012, 4:53 am
#1
Lost in BE Cyberspace
Thread Starter
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
The boomtime is back!
Units in Emaar's new Dubai Downtown project available at a premium
http://www.zawya.com/story/Units_in_...0120923030204/
and this:
http://www.zawya.com/story/Investors...0120921043426/
http://www.zawya.com/story/Units_in_...0120923030204/
Serviced apartments sold by Emaar Properties on Saturday in The Address The BVLD were put up for sale in the secondary market on the same day with a brokerage firm seeking a premium ranging between 12 and 20 per cent.
http://www.zawya.com/story/Investors...0120921043426/
Though the public launch of The Address The BVLD in Downtown Dubai is scheduled for September 22, people have started queuing outside the Emaar sales office to buy apartments off plan.
Sep 23rd 2012, 5:24 am
#2
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: The boomtime is back!
Did you see the photos? Apparently genuine investors paid a bunch of labourers to queue for them. Or at least someone did to make it look good...
Sep 23rd 2012, 5:27 am
#3
Lost in BE Cyberspace
Thread Starter
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Sep 23rd 2012, 7:17 am
#4
You read these things?
Joined: Jun 2010
Posts: 1,261
Re: The boomtime is back!
They only intended to buy one place, and so sold the other nine tokens on at 2% of the minimum value of a place. Money for nothing (and ironically, probably more than those queuing will earn in their lifetimes).
Sep 23rd 2012, 8:03 am
#5
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: The boomtime is back!
The worse from what I understand was that a couple of individuals sent down ten staff.
They only intended to buy one place, and so sold the other nine tokens on at 2% of the minimum value of a place. Money for nothing (and ironically, probably more than those queuing will earn in their lifetimes).
They only intended to buy one place, and so sold the other nine tokens on at 2% of the minimum value of a place. Money for nothing (and ironically, probably more than those queuing will earn in their lifetimes).
Sep 23rd 2012, 8:09 am
#6
Lost in BE Cyberspace
Joined: Apr 2011
Location: Windscale....
Posts: 5,712
Sep 23rd 2012, 9:08 am
#7
You read these things?
Joined: Jun 2010
Posts: 1,261
Re: The boomtime is back!
To be fair, these are serviced apartments. So they do have a genuine point of revenue generation.
However, that ignores the oversupply situation.
However, that ignores the oversupply situation.
Sep 24th 2012, 9:29 am
#8
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: The boomtime is back!
It now appears that Emaar were not selling all the units that day. 110 were available, not the 500+ initially reported.
