W10

http://www.khaleejtimes.com/DisplayA...=business&col=

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.

Jammy_Dodgers

Many of them sit empty, bought by the floor by wealthy speculators..no doubt they will stay empty til they decide to resell. These people have no interest in renting them out.

The figures do not respresent the current state of play in the marketplace.

sassy

Darling I think you should move out of the Marina it seems to be doing your head in.... Why not try the springs from what I have heard you could have some interesting house guests..........

Border Reiver

I'm still waiting to hear where the "thousands of villas being dumped at 0% premium" are. Come on TA5, reveal all.

TA5

just gotta know where to look instead of believing the hype.

Eeyore

Well, go on then, don't keep us in suspense - *where* do we look? If there are "thousands" being dumped, surely you can point specifically to just *one* of them?

sassy

Your just a big tease aren't you sweetie......

BMW 318i

Can you specify where to look, your answer is a bit vague Gulf News? Khaleej Times? Back of a truck?

Jammy_Dodgers

Kabul and Mosul.

There gonna be next years Ibiza....cos my mate said so

W10

I heard Baghdad's a blast.

Lots of Freehole property there as well.

TA5

Kabul is rocking...


BMW318, you really need to get a better understanding of NEGOTIATION. Prices anywhere, especially when it comes to real estate, are NEGOTIABLE. Of course nobody is going to advertise a zero premium property.

One thing that none of you seem to understand, is that the spec investors that bought huge blocks of villas and flats did not pay 'market price' for these units. So when an investor say '15% premium' he is really getting a 30% premium from what he paid for the unit, but 15% over the 'market price' of the unit.

So if you find the right person, he will without much negotiation agree to 'zero' premium, as, most likely, he got a huge discount for buying a large block of units, and will both

1) Make money
2) Get rid of property which is not nearly the investment he thought it would be

TA5

PS. Yes, the property section of GN and KT are places to start, a good 10,000 flats/villas for sale in there at least

Jammy_Dodgers

Just make sure you register your deeds with the Land(mine) Registry

BMW 318i

So they key seems to be finding an investor who bought a huge chunk of the Arabian Ranches. Anyone want to join me on the hunt for this man