Anyone heard of the above development in Abu Dhabi?. I have recvd an offer to purchase.....
You are selling now at 1950/SqFt whereas th eagent who was selling me this investment was selling tome at 2185/SqFt. I never bought into this and after hearing yr price I am happy I did not..I have just read terms and realised i cannot advertise a property for sale sorry! To answer your question - yes it is a good development
The payment schedule is based on a 20/80 Payment plan which basically mean 80% to be paid on completion.
Start date is expected to be next month and the buildings are expected to take approx two years from the start date for completion, THEREFORE YOU DONT PAY ANYTHING ONCE THE 20% IS PAID. JUST SIT BACK AND WATCH YOUR PROPERTY GO UP IN PRICE. I say this is because the OP is very low unlike all new launches or launches that were done previously.
Finance is available to you from Abu Dhabi’s largest Banks (Union National Bank-Wifaaq Finance) so you will have finance to cover everything else if you choose to.
10% has already been paid with a further 5% due approx at the end of next month. A Further 5% is due four months from then. After that you will have absolutely nothing to pay.
This was the only 20/80 launched in Abu Dhabi at a very low OP.