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The boomtime is back!
Units in Emaar's new Dubai Downtown project available at a premium
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. |
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...
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Re: The boomtime is back!
Originally Posted by Meow
(Post 10295133)
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...
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Re: The boomtime is back!
Originally Posted by Meow
(Post 10295133)
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...
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). |
Re: The boomtime is back!
Originally Posted by auzdafluff
(Post 10295221)
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). |
Re: The boomtime is back!
Originally Posted by The Dean
(Post 10295260)
It's deja vu all over again.......... with the same entirely predictable outcome, no doubt.... except that this time round, the banks won't lend so gullibly....... :sneaky:
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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. |
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.
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