Has Any Body Bought A Unit In This Development, Or Does Any Body Have Any Updates.
If I were you and had a choice, I would invest in Dubai sports city instead of International city.Has Any Body Bought A Unit In This Development, Or Does Any Body Have Any Updates.
Hi Ash 42, Is the developer for Park Lane Fakhruddin properties ??. Please advise.hi Roshan i have other investments in sports city as well .but the investment in park lane was done at a very early stages + they are with rental guarantee for 3 years , although they are taking long time to build .
Obviously the developer is making money when giving a rental guarantee. You wold get 7% if you advertise in the papers. 10% is achievable, why not try for 10% instead of restricing to 7%.hi LaCasta the developer have already signed over the tenancy to workers in dubailand through their agents , and guarantee the rent for 3 years @ 7% nett , they could be getting more rent as we are promised 7% @ the time of buying.
The said they are going to start as previous notes but thats exactly what they keep on saying every time i ask for updates (May 2009),that is part of the reason i look for updates from you guysHad no updates only that GP Developments have opened an office in Dubai
I have heard through a friend that the market has collaped so if we get it build and achive a 7% ROI for 3 years that would be fantastic as you can only get .2% return in a bank at the moment
Didnt GP Promise tos art work in May 2109 ?
see previous post
thanks for the update.well i went out to ic 2 & 3 today and it is not good news.....this project (as a whole) is miles away from completion and habitable as you will see from the pictures. There is no way in the world this will be delivered for 2010 just no way. I dont think anyone would want to live here until most of the buildings are completed and as result most of the desert sand and unmade road have been phased out. Logically i would find it hard that gpd (or gdp, always cant remember that right) will complete this and then leave them in a situation where no one want to live on a construction site and yet they have to continue paying 7% to us buyers. Despite my own views, the last time i spoke to gpd they claimed they are scheduled to complete as per psa, well, we shall see.
As you can also see from the pictures i took, gpd themselves dont seem to have started any work, there were only a handful of contractors working out there today.
Next step is for me to call there customer line or actually go to there office at emaar square in dubai to find out what is going on.
Will keep yous posted