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Fakhruddin Properties

Discussion in 'Dubai property' started by Roshan, May 28, 2008.

  1. Roshan

    Roshan New Member

    Yes they are reliable, when I say reliable is that they will not cheat you. Fakhrudin have been in the property market for over 40 years. They have delivered a few bldgs in International city. Could check these bldgs for quality.

    Maimoon was launched probably before the last city scape. They sell on gross area and not nett, which is the case with most of the developers leaving a few out.

    Regards

    Roshan
     
  2. petelles12

    petelles12 New Member

    They are currently building four towers: Coral Hotel Apts in Sports City, Lake Center in Business Bay, Oasis Towers in Silicon Oasis and Maimoon Towers. What I do not understand is that how 2 Beds can be sold from 2.1 million in secondary market (Maimoon Towers) which is already under construction. I would rather prefer Greens and start collecting 190 K rent.
     
  3. Roshan

    Roshan New Member

    You are right.

    Nett is carpet area : That's the area one would get if you put a carpet area.

    Gross area : Is the area which includes the the common passages, service areas, balconies which is called built up in some markets like Dubai and super built up like places in India. When my friend bought a property in India, he was at daggers with the developer just because of this change in terminology.

    You have to get your numbers right. Use the mortgage calculator which is posted in the first three posts of the forum. Feed in the figures and you get the output. It will tell you whether your rent will cover the mortgage - OR - whether the EMI will be more than the rent. Access Sunil's site, the link is on the mortgage calculator sheet to learn how to invest in property.

    Find out what is the going rate in JVS ( Dhs 1100 psf, correct me if I am wrong ). Research how much other developers are charging and presto you have the answers.

    Regards

    Roshan
     
  4. Roshan

    Roshan New Member

    How very true, well said. 2.1 million for a 2 BDR is a nonsensical price. How would one ever sell such developments or pay mortgages for such prices.

    Regards

    Roshan
     
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