|
Villa for sale
For those who are interested:
Mirador Type 17 villa. 5 bedrooms. The Total Area is: 4,559 sq feet The Plot Number is: 8, overlooking a park. The original price was 2,414,888 Dhs. The asking price is: 2,780,000 Dhs. which is 15% premium The first instalment has been paid, the next one which is 15% is supposed to be paid 30 May, and the next one every 6 month. The last 25% to be paid 30 August 2006 and the house is expected to be completed at that time. This is an unique opportunity to purchase a beautiful house very close to the golf course and equestrian centre. Emaar has launched another development "Mirador La Coleccion" but the houses are much more expensive, very slightly different, and will be finished much later. I am the owner of the house and the reason I am selling is that my son for whom I have bought it has decided to move permanently to the States. The house has been bought in the name of an offshore company, which means that you don't need to pay the additional 5% transfer fee. If there are any other questions please do not hesitate to contact me. My tel is 050 - 6432033 or [email protected] Regards, Dr. Gertrud Koster |
Re: Villa for sale
Sorry everyone. That's the old mobile phone number. The new one is:
+ 971 505 524485 Thanks |
Re: Villa for sale
Is there anyone here who can afford to spend near enough half a million pounds on a villa?
If so - lend us a quid... ;) |
Re: Villa for sale
sure, and there are thousands of villas being dumped for 'zero premium' as well, save your money, soon they will be 'discounted' instead of 'premium'
|
Re: Villa for sale
Originally Posted by GarethR
Is there anyone here who can afford to spend near enough half a million pounds on a villa?
If so - lend us a quid... ;) I can lend you a quid. You just need to find the extra 390,000. |
Re: Villa for sale
Originally Posted by TA5
sure, and there are thousands of villas being dumped for 'zero premium' as well, save your money, soon they will be 'discounted' instead of 'premium'
Hi TA5, Do you have any information on the villas dumped at 0 premium - from what I read in the newspaer adverts, all of them are advertised at a premium? I know that the Burj Residences are going at 0 premium. I also read (in the newspapers) that there is a huge problem with mosquitoes and insects in the Springs? Apparently the 'lake' has turned brown and murky. Would anyone actually living there have any more information? Thanks! IndieGirl |
Re: Villa for sale
There is an insect problem at the Springs which Emaar are (apparently) working on by installing fountains and pumps to keep the water circulating a bit. Apparently it didn't occur to them that stagnant water might attract mozzies and so on :rolleyes:
"Thousands of villas being dumped at 0% premium"? Where? Give us some examples, there are people here who might want to buy one. I haven't seen any villas going at zero premium yet, but that is not to say it won't happen in the future. The days of being able to buy anything in Dubai and make a certain 30% profit in 12 months are over for good but the right property in the right location (and bought at the right price) will still work out a reasonable medium to long term investment. |
Re: Villa for sale
Originally Posted by Border Reiver
There is an insect problem at the Springs which Emaar are (apparently) working on by installing fountains and pumps to keep the water circulating a bit. Apparently it didn't occur to them that stagnant water might attract mozzies and so on :rolleyes:
"Thousands of villas being dumped at 0% premium"? Where? Give us some examples, there are people here who might want to buy one. I haven't seen any villas going at zero premium yet, but that is not to say it won't happen in the future. The days of being able to buy anything in Dubai and make a certain 30% profit in 12 months are over for good but the right property in the right location (and bought at the right price) will still work out a reasonble medium to long term investment. Nothing in Dubai will work out to be a medium to long term investment, unless you actually believe that dubai will become what they think it will become, and even then you are looking 25-30 years down the road, at which time your 'freehold' property will have exhausted 30 years of its 100 year lease, and technically should have lost 30% of its 'tangible' asset value. |
Re: Villa for sale
Originally Posted by TA5
The days of speculative investors buying a unit from a developer and flipping it for a 15% premium are done. Just read the 'property' sections of the papers at how much is for sale and you'll see why. Investors thinking they were getting some 'limited supply' commodity are realizing now that they are a dime a dozen holding properties with a replacement value of 25% what they paid, and are trying to get premiums on resales when now it is relatively easy for a person to buy direct from developers as the speculative investors have pretty much finished their capacity to buy up units. Prices at the marina for rental will drop soon guaranteed, seeing that Al Seef tower and the 2 new Emaar towers just opened and are renting for well below what the existing buildings go for. Wait until the other 30,000 units show up with no tenants, bargains await.
Nothing in Dubai will work out to be a medium to long term investment, unless you actually believe that dubai will become what they think it will become, and even then you are looking 25-30 years down the road, at which time your 'freehold' property will have exhausted 30 years of its 100 year lease, and technically should have lost 30% of its 'tangible' asset value. |
Re: Villa for sale
Originally Posted by TA5
The days of speculative investors buying a unit from a developer and flipping it for a 15% premium are done. Just read the 'property' sections of the papers at how much is for sale and you'll see why. Investors thinking they were getting some 'limited supply' commodity are realizing now that they are a dime a dozen holding properties with a replacement value of 25% what they paid, and are trying to get premiums on resales when now it is relatively easy for a person to buy direct from developers as the speculative investors have pretty much finished their capacity to buy up units. Prices at the marina for rental will drop soon guaranteed, seeing that Al Seef tower and the 2 new Emaar towers just opened and are renting for well below what the existing buildings go for. Wait until the other 30,000 units show up with no tenants, bargains await.
Nothing in Dubai will work out to be a medium to long term investment, unless you actually believe that dubai will become what they think it will become, and even then you are looking 25-30 years down the road, at which time your 'freehold' property will have exhausted 30 years of its 100 year lease, and technically should have lost 30% of its 'tangible' asset value. You may not have leasehold in America but in the UK leasehold is fairly common, especially in the big cities and for apartment blocks. The properties don't fall in value by 30% just because 30% of the lease has been used up- it is generally only in the last 10-15 years of a lease that the property price is affected. |
Re: Villa for sale
Originally Posted by Jammy_Dodgers
Karma sent
|
Re: Villa for sale
Flies are a bigger problem than mosquitos at the moment, I'm sure the mosquito invasion is just around the corner.
But forward planning is not an Emaar trait! |
Re: Villa for sale
Originally Posted by W10
Flies are a bigger problem than mosquitos at the moment, I'm sure the mosquito invasion is just around the corner.
But forward planning is not an Emaar trait! Neither is quality saw the first major crack in a wall of my marina apartment yesterday, right at a corner near the ceiling. And i've heard the similar tales of lack of quality from across the highway Advantage of freehold: 100 year lease Disadvantage: Your apartment/villa falls apart after 5 years. I was in the greens at a barbecue the other night, they've got a serious fly problem too, although they all seemed to dissapear when the sun went down. I've never noticed that at the marina, however i figure as its close to the sea and gets decent wind most bugs would get blown inland, especially with stagnant lakes to nest in. PS. It isn't encouragement, its more and more people seeing the inevitable disaster coming to the Dubai property market. |
Re: Villa for sale
Moved into my brand new rented villa 10 days ago.
The build quality is nothing short of appalling and I've already had to get them in to fix leaking A/C twice in that time. My favourite is my downstairs toilet is actually installed at an angle. |
Re: Villa for sale
Originally Posted by W10
Moved into my brand new rented villa 10 days ago.
The build quality is nothing short of appalling and I've already had to get them in to fix leaking A/C twice in that time. My favourite is my downstairs toilet is actually installed at an angle. Hmmmm...and just out of interest...how many times did you have to call them before they actually came to fix the A/C?.... :confused: |
Re: Villa for sale
Originally Posted by TA5
Neither is quality saw the first major crack in a wall of my marina apartment yesterday, right at a corner near the ceiling. And i've heard the similar tales of lack of quality from across the highway
Advantage of freehold: 100 year lease Disadvantage: Your apartment/villa falls apart after 5 years. I was in the greens at a barbecue the other night, they've got a serious fly problem too, although they all seemed to dissapear when the sun went down. I've never noticed that at the marina, however i figure as its close to the sea and gets decent wind most bugs would get blown inland, especially with stagnant lakes to nest in. PS. It isn't encouragement, its more and more people seeing the inevitable disaster coming to the Dubai property market. That is the problem we have, we have found a villa we want to buy and we can afford putting a 30% sale value downpayment but not a penny more! The premium is another Dhs800,000 approx on top, which we simply cannot afford and I don't know many people who can, how on earth they can say this isn't a cash buyer and speculators market is beyond me :rolleyes: TA5 if you know where I can find 0% premium villas please let me know, it won't be of great help to me and my already thinning wallet! |
Re: Villa for sale
Originally Posted by BMW 318i
That is the problem we have, we have found a villa we want to buy and we can afford putting a 30% sale value downpayment but not a penny more! The premium is another Dhs800,000 approx on top, which we simply cannot afford and I don't know many people who can, how on earth they can say this isn't a cash buyer and speculators market is beyond me :rolleyes:
TA5 if you know where I can find 0% premium villas please let me know, it won't be of great help to me and my already thinning wallet! |
Re: Villa for sale
Originally Posted by BMW 318i
where I can find 0% premium villas please let me know, it won't be of great help to me and my already thinning wallet!
hello mate. Welcome to the forum. :) Your best bet for a 0% premium home would be from one of the developers themselves, ie, a direct purchase from EMAAR, Nakheel, DAMAC, Union Properties, or who ever else. Hope that helps. Feel free to send me a PM if u have any more q's or just post ur q on here. Enjoy the forum. :D |
Re: Villa for sale
We gave them a call and they came round to do a market valuation of the property which they determined to be Dhs200,000 lower than the asking price, meaning we would have to finance the 200k ourselves, so another dead end there!
They also only do Islamic finance I believe, which we aren't too familiar and find a bit risky, apparently the property will be in the banks name and you will lease it from them, even though you bought the property as freehold. :rolleyes: |
Re: Villa for sale
Originally Posted by Face81
hello mate. Welcome to the forum. :)
Your best bet for a 0% premium home would be from one of the developers themselves, ie, a direct purchase from EMAAR, Nakheel, DAMAC, Union Properties, or who ever else. Hope that helps. Feel free to send me a PM if u have any more q's or just post ur q on here. Enjoy the forum. :D Hello Face81, thanks for the welcome :) |
Re: Villa for sale
Originally Posted by BMW 318i
We gave them a call and they came round to do a market valuation of the property which they determined to be Dhs200,000 lower than the asking price, meaning we would have to finance the 200k ourselves, so another dead end there!
They also only do Islamic finance I believe, which we aren't too familiar and find a bit risky, apparently the property will be in the banks name and you will lease it from them, even though you bought the property as freehold. :rolleyes: http://www.tamweel.ae/site/ They have mortgage plans for upto AED 5 Million and a payback option of upto 25 years. Other benefits include no payments till u move into the property and no salary deductions from your own bank accounts. Might be worth looking into. u can ring them, toll free, on 800 4354 |
Re: Villa for sale
Originally Posted by Face81
have u thought about financing the property thru TAMEEL?
http://www.tamweel.ae/site/ They have mortgage plans for upto AED 5 Million and a payback option of upto 25 years. Other benefits include no payments till u move into the property and no salary deductions from your own bank accounts. Might be worth looking into. u can ring them, toll free, on 800 4354 |
Re: Villa for sale
Originally Posted by BMW 318i
Hello Face81, thanks for the welcome :)
Join us in the Dhow for a drink sometime. :) |
Re: Villa for sale
Originally Posted by TA5
The days of speculative investors buying a unit from a developer and flipping it for a 15% premium are done. Just read the 'property' sections of the papers at how much is for sale and you'll see why. Investors thinking they were getting some 'limited supply' commodity are realizing now that they are a dime a dozen holding properties with a replacement value of 25% what they paid, and are trying to get premiums on resales when now it is relatively easy for a person to buy direct from developers as the speculative investors have pretty much finished their capacity to buy up units. Prices at the marina for rental will drop soon guaranteed, seeing that Al Seef tower and the 2 new Emaar towers just opened and are renting for well below what the existing buildings go for. Wait until the other 30,000 units show up with no tenants, bargains await.
Nothing in Dubai will work out to be a medium to long term investment, unless you actually believe that dubai will become what they think it will become, and even then you are looking 25-30 years down the road, at which time your 'freehold' property will have exhausted 30 years of its 100 year lease, and technically should have lost 30% of its 'tangible' asset value. |
Re: Villa for sale
Originally Posted by BMW 318i
That is the problem we have, we have found a villa we want to buy and we can afford putting a 30% sale value downpayment but not a penny more! The premium is another Dhs800,000 approx on top, which we simply cannot afford and I don't know many people who can, how on earth they can say this isn't a cash buyer and speculators market is beyond me :rolleyes:
TA5 if you know where I can find 0% premium villas please let me know, it won't be of great help to me and my already thinning wallet! |
Re: Villa for sale
Maybe I should have written 'Interested parties only'
|
Re: Villa for sale
Would have been a short thread then. :D
|
Re: Villa for sale
Originally Posted by Border Reiver
What are Al Seef tower and the other two Emaar towers renting for then, and how does that compare to (say) what you are paying per square foot?
I got a great deal, the same apt now in my building is going for 90-100,000, and I pay 75,000. |
Re: Villa for sale
Originally Posted by Adashoe
Maybe I should have written 'Interested parties only'
|
Re: Villa for sale
Originally Posted by TA5
Neither is quality saw the first major crack in a wall of my marina apartment yesterday, right at a corner near the ceiling. And i've heard the similar tales of lack of quality from across the highway
Advantage of freehold: 100 year lease Disadvantage: Your apartment/villa falls apart after 5 years. I was in the greens at a barbecue the other night, they've got a serious fly problem too, although they all seemed to dissapear when the sun went down. I've never noticed that at the marina, however i figure as its close to the sea and gets decent wind most bugs would get blown inland, especially with stagnant lakes to nest in. PS. It isn't encouragement, its more and more people seeing the inevitable disaster coming to the Dubai property market. |
Re: Villa for sale
|
Re: Villa for sale
That article just shows the extent of the speculative investment that went on in those properties, considering they are at approximately 30% occupation.
Note also that this is the Emaar properties only, which were the first on the market and IIRC have been selling for many years now. Doesn't mention the status of the other 50 properties under construction. |
Re: Villa for sale
Originally Posted by TA5
That article just shows the extent of the speculative investment that went on in those properties, considering they are at approximately 30% occupation.
Note also that this is the Emaar properties only, which were the first on the market and IIRC have been selling for many years now. Doesn't mention the status of the other 50 properties under construction. The figures do not respresent the current state of play in the marketplace. |
Re: Villa for sale
Originally Posted by TA5
That article just shows the extent of the speculative investment that went on in those properties, considering they are at approximately 30% occupation.
Note also that this is the Emaar properties only, which were the first on the market and IIRC have been selling for many years now. Doesn't mention the status of the other 50 properties under construction. |
Re: Villa for sale
Originally Posted by Jammy_Dodgers
The figures do not respresent the current state of play in the marketplace.
|
Re: Villa for sale
Originally Posted by Border Reiver
I'm still waiting to hear where the "thousands of villas being dumped at 0% premium" are. Come on TA5, reveal all.
|
Re: Villa for sale
Originally Posted by TA5
just gotta know where to look instead of believing the hype.
|
Re: Villa for sale
Originally Posted by TA5
just gotta know where to look instead of believing the hype.
Your just a big tease aren't you sweetie...... ;) |
Re: Villa for sale
Originally Posted by TA5
just gotta know where to look instead of believing the hype.
|
Re: Villa for sale
Originally Posted by BMW 318i
Can you specify where to look, your answer is a bit vague :confused: Gulf News? Khaleej Times? Back of a truck?
There gonna be next years Ibiza....cos my mate said so |
| All times are GMT. The time now is 4:34 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.