Re: Villa for sale
 

UB can find out.

a select few bought alot of the marina..also worth investigating

Re: Villa for sale
 

What or who is UB?

Re: Villa for sale
 

now theres a question...... :p

Re: Villa for sale
 

One of Jd's bestest friends and real estate guru...... :D

Re: Villa for sale
 

UB is Uncle B.
A poster on this forum who is involved in real estate.

also my flatmate. Tell me what you want/need and ill pass the message on.

Also goes by the name of Pyscho John, MF***** and c*** s****er

Re: Villa for sale
 

Thanks I have sent you a private message.

Re: Villa for sale
 

NP, will ask him tonight and get back to you either tomorrow or Sun,
Rgds
JD

Re: Villa for sale
 

Well, he sounds like a reliable "expert" :rolleyes:

Re: Villa for sale
 

Don't fancy Kabul much....

As I understand it (and I'm happy to be corrected by anybody who lives there) pretty much all of the Springs, Greens, Green Community, Lakes, Meadows and even Arabian Ranches are sold and occupied. So if all the villas are occupied there is clearly a demand for them- why would they not sell at a premium? I can see how apartments at the Marina might be going for a zero premium or even at a loss, as a large number are still empty but you can't base an oppinion on the whole Dubai property market on one development.

Re: Villa for sale
 

Just the sort of people I am looking for :D :D
No offense here UB.
Afternoon Everyone.

Re: Villa for sale
 

springs, lakes, green comm, lakes and meadows are less than 50% from what i've heard

and for one, my friend lives in the springs and he is the only occupied house on his street

Re: Villa for sale
 

Less than 50% what TA5? Still big waiting lists at the Lakes (which is virtually all rented anyway), so facts wrong again. Also, many at Springs & Meadows just being finished off so the fact that no-one is physically living in every house there means **** all.

Re: Villa for sale
 

lakes is a rental community, directly from developer, all others are for purchase only, and they are just being held by spec developers.

Although I agree that there is relatively strong rental demand for properties right now, this is in part to the lack of rental properties, most spec investors don't want to put their property in the rental market as it

1) Diminshes the value of the property once it is lived in
2) Makes it difficult to sell

All these investors want to do is flip the property for a quick buck. My point is that there isn't enough buyer demand (nowhere near enough) to support any price increases for at least 5 or 10 years, therefore, at some point there will be massive excess supply to the buyer-side and the sell-side will start to panic, realizing their plan for a quick buck won't come to fruition at all.

Re: Villa for sale
 

Lakes is full. I've tried to get a rental there.

Springs is only empty because most of the places there are barely or unfinished. The earlier phases are pretty full. Plenty of deadly spiders to keep you company as well.

Meadows appears to be in a similar situation although personally I'd expect it to have lower occupancy because it's higher end and therefore costs more.

Your point appears to have changed (on this thread) from one about being able to find 0% premium or even heavily discounted villas, to one about the long term growth viability of the housing market in Dubai - which I don't think many people would disagree with.

Re: Villa for sale
 

Very well put TA5
In most cases it is cheaper to rent than to buy for the time being.Better to wait out a couple of years and then when the real value of homes comes to show,you can think of buying at that time.