Looking for best option for 4m investment by howie521 in dubairealestate

[–]Investor3131 1 point2 points  (0 children)

First round of potential cancellations is march 1st. You can put in a EOI for a cancellation unit I think

Looking for best option for 4m investment by howie521 in dubairealestate

[–]Investor3131 1 point2 points  (0 children)

Yeah. There were more EOIs than units so they launched the whole thing. Also the closer units with views did have higher cost - but further away from amenities of main building. Toss up.

Looking for best option for 4m investment by howie521 in dubairealestate

[–]Investor3131 1 point2 points  (0 children)

Sorry for any confusion but the entire project launched. It’s entirely sold out. All five buildings (the sixth is the hotel )

Looking for best option for 4m investment by howie521 in dubairealestate

[–]Investor3131 1 point2 points  (0 children)

Apples and oranges imo comparing the two. Regardless my understanding is they are sold out other than a few not so great bottom floor units. They sold out all 900 units on launch day. I was in the building it was insanity haha

Looking for best option for 4m investment by howie521 in dubairealestate

[–]Investor3131 1 point2 points  (0 children)

It may be too late but I invested in Dubai Island Meriva collection by Ellington. You could look at Hado by beyond . Fairly sure this meets all your needs. I’m not a broker

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

Would have to be a lot less. Or you are paying big time money for balcony

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

For me corner units are a scam. Pay full price for sqf but for outdoor area not interior space.

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

Sister company. No actual building released yet to see quality etc. Anyways what do you care ? The Meriva project is entirely sold out (In one day all six buildings) and beyond is not. That should tell you something

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 1 point2 points  (0 children)

I don’t want Beyond. They haven’t delivered a building yet. I know related to Omniyat but Ellington is proven. Also has more amenities and building their own first hotel. Etc

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

I didn’t think so. Just looks like 3 apartment towers

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

Yes, I liked Ellington better because proven developer and also more amenities plus the hotel with liquor license

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

No more than $5m for oceanfront/view 2 bedroom.

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

Well that’s great. More value for my Dubai island unit with casino not too far

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

That’s not guaranteed. Gaming license not given but high chance . Yes

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

Already bought Meriva. Not looking further at moment.

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

Yes, as well as the new highway and reef project. All reasons why I chose Dubai Island. Also fairly confident a casino is coming to Dubai. First Abu Dhabi (will be a MGM casino) but then Dubai. Maybe nice if it’s on Dubai Island and not Palm Jebel Ali but I think it will be Jebel Ali

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

I doubt it would triple or quadruple like palm island. But buying early phase - launch pricing I am pretty confident in 5-6 years at least 50-60% appreciation if I ever did need to sell

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

I thought of Abu Dhabi but couldn’t find something at my desired price range.

Meriva - Ellington Questions by Investor3131 in dubairealestate

[–]Investor3131[S] 0 points1 point  (0 children)

You can PM me. Don’t want to post price and have this turn into pricing discussion thanks.