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Remraam Phase 3 current premium

Discussion in 'Dubai property' started by usmanzk, Nov 17, 2008.

  1. usmanzk

    usmanzk New Member

    I own a 1 bed apartment in Remraam Phase 3, wanted to know the market premium.
  2. georgihh

    georgihh New Member

    0% if you find a buyer
  3. sasherwani2

    sasherwani2 New Member

    No buyers even at 0%, ive been trying to sell a remraam phase 3 1 bedroom for 2 weeks now. No response even at 20k below OP.
  4. MMSM

    MMSM New Member

    i have a bunch of stuff for sale in Remraam at 875 psf
  5. Mikal

    Mikal New Member

    In a correcting market if you really want to get rid of your investment what incentive are you giving to the potential buyer by offering him a unit at 0% - any potential buyer would not consider entertaining you unless you may be offering 10-20% reduction on OP! Otherwise he would just sit back relax and let the market take care of itself.
  6. usmanzk

    usmanzk New Member

    I remember Tamweel was selling units in Remraam with upto 90% financing, whats the situation on that, any ideas about the per sqft price???
  7. TommyC

    TommyC New Member

    Up to 90% financing.....probably if the value is AED 100 or less (that's not AED 100k but 100). Seriously though, if you can find financing for apartments with a Loan-To-Value above 50%, you're lucky! It's critical times right now, and you bascially can't get a mortgage. Lots of money is being lost right now to developers taking advantage of the situation in the offplan-market.
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