?

Whould you buy this property?

Poll closed Aug 26, 2008.
  1. Yes

    1 vote(s)
    33.3%
  2. No

    1 vote(s)
    33.3%
  3. Hell ya :)

    1 vote(s)
    33.3%
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Bay Reseidence @ Business Bay - Price Range

Discussion in 'Dubai property' started by New_Investor, Apr 28, 2008.

  1. New_Investor

    New_Investor Banned

    Dear All,

    I've an offer from realestate agent (Resale) for a 680 sf 1BD for AED 1,000,000 all inclusive in Bay residence"" @ Business Bay, where SQF is around AED 1500.

    Question is

    Waht's your view about this project? the price is very reasonable but i have no information about the developer.

    any ideas?
     
  2. DAYFox

    DAYFox New Member

    I think its not under construction yet.. The price is good, because current sqfet price in BB for residential is 2000AED and not 1500AED!
     
  3. New_Investor

    New_Investor Banned

    The realestate agent told me that construction is currently at first floor, i'll go and check my self.

    cheers :cool:
     
  4. New_Investor

    New_Investor Banned

    Dear all,

    Kindly participate in the Poll.
     
  5. Roshan

    Roshan New Member

    The developer should be DEC. They sell on Gross areas and not nett. Check what would be the gross to nett conversion ( usually 15% ).

    Some sellers like Deeyar, U.P sell on nett ??.

    Should get a better price than that. One of the members picked up for Dhs 1300.

    Regards

    Roshan
     
  6. DAYFox

    DAYFox New Member

    1300AED in BusinessBay for a project which is already under construction??? Are you sure about that? What time did those people buy?
     
  7. New_Investor

    New_Investor Banned


    you are totaly right, when i first got this offer it was 1300 - after one week it became 1500, i'll try to negotiate if i decided to buy.

    do you think i should go for it?
     
  8. Chamma

    Chamma New Member

    go for it man before its goes up to 2000 psf,

    The only problem is that its very small for a one bedroom, but the price is cheap for business bay.... my advise is to check the location of the project in business bay itself whether its waterfront or in a key location as BB is Huge, also check the quality, c if they have a show appartment or something.

    other than the size objection, its a very good price.
     
  9. Roshan

    Roshan New Member

    Previous construction if any could be viewed to see the quality.

    Roshan
     
  10. New_Investor

    New_Investor Banned

    unfortunatly there's no previous constructions to be viewd.
     
  11. Roshan

    Roshan New Member

    The price is good. The developer has been in the construction industry for a long time in India. I hope they carry out good work here.

    Roshan
     
  12. dubai911

    dubai911 New Member

    Hi
    I think it is low as the developer is dheeraj east coast - i have heard they are not so good in the market, is this true?
     
  13. New_Investor

    New_Investor Banned

    what do you mean about not being good? please explain more...:confused:
     
  14. Roshan

    Roshan New Member

    Even I heard but you cannot judge them as they have not delivered.

    Regards

    Roshan
     
  15. New_Investor

    New_Investor Banned

    what i know is that they have a realy poor customer service, i called for general information, and they seemed very unaware of anything and not willing to provide any information.
     
  16. New_Investor

    New_Investor Banned

    Any more information about the developer is most welcome.
     
  17. dubai911

    dubai911 New Member

    Sorry - I have no more information, but when your offered up to 400 AED off psf for the area, I question why that is the case?
     
  18. New_Investor

    New_Investor Banned

    I agree with you, that's why i'm not feeling safe about this one!
     
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