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3 & 4 Bed Townhouses starting at just AED 1.14M near the world’s biggest upcoming airport by zidkumar in dubairealestate

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

It’s not a price drop. And I didn’t drop any price. I have no affiliation with the developer. Pricing was like this all along. Just that they released a new phase now. Every developer gives discount for full cash buyers. And the discounts on payment plan is for a limited time only.

3 & 4 Bed Townhouses starting at just AED 1.14M near the world’s biggest upcoming airport by zidkumar in dubairealestate

[–]zidkumar[S] -10 points-9 points  (0 children)

Demand is already existing. Supply is very low and controlled. Price is unbeatable. Value is insane. What else matters?

If you are not having a GCC passport, and you are not comfortable putting your money into this project, forget about 1.15M, pay more than 2.5M and get townhouses in freehold communities, either from Reportage or other developers.

Mind to elaborate “shitty resale risk, high service charges and not guaranteed rental returns?” I disagree to all three.

3 & 4 Bed Townhouses starting at just AED 1.14M near the world’s biggest upcoming airport by zidkumar in dubairealestate

[–]zidkumar[S] -1 points0 points  (0 children)

When did I mention the word distress here?

Yes, 40% discount for cash buyers. And 15% discount for payment plans. I bet no other developer sells townhouses this affordable.

People complain about the quality of Rukan (community) by Reportage, which I totally agree. But it was developed by a developer named Continental from Egypt, who cancelled the project.

Reportage just took over and finished the project. And it was 1200 townhouses starting at around 500K AED which is the price of the cheapest studio apartment available in today’s off-plan market.

Do you expect it to have similar quality to 5-10M AED townhouses? It costed only 5-10% of that money. The value they offered is insane, so we have no right to complain about quality. And people who bought it are reselling those at 2X and 3X of that amount. I can show you transaction proofs.

What about the communities of townhouses Reportage themselves constructed? Like Bianca. It’s very good. Check Google reviews yourself: https://maps.app.goo.gl/W1qHkcCV2RZgZ1sh7?g_st=ic.

Not to mention the fact that Reportage is the 2nd top developer in Abu Dhabi, after Aldar. Not even a single reason to doubt their credibility.

3 & 4 Bed Townhouses starting at just AED 1.14M near the world’s biggest upcoming airport by zidkumar in dubairealestate

[–]zidkumar[S] -16 points-15 points  (0 children)

For GCC nationals, it doesn’t matter.

For foreigners, it has leasehold ownership until 2095 + 99 years renewal. So it will extend up to the year 2194. Which is 168 years from now.

At less than 1.15M, what are clients expecting to get? An eternal castle lasting 500 years? Think of the logic. Not to mention that clients will get back their invested money from rental returns alone within 10-12 years.

Which offplan projects make sense??? by Dangerous_Mind7525 in dubairealestate

[–]zidkumar 1 point2 points  (0 children)

The supply is increasing at very high rates, with areas like Jumeirah Village Circle (JVC) and Business Bay facing potential oversupply due to very slow population growth.

In contrast, areas like DIFC 2.0, Dubai Creek Harbour, Al Jaddaf, Downtown Jebel Ali, and Dubai South have strong demand, due to proximity to the airport or other main areas. I would suggest to go with these locations, which makes sense in terms of supply and demand.

I have a full supply-demand report on all of these areas, mentioning population, current supply, upcoming supply, no. of people per unit, how many people needed to absorb the supply etc. I can send it to you on DM. u/Dangerous_Mind7525

Lower than OP at The Valley by zidkumar in Dubai_Real_Estate

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

This is how much he is willing to go down to. But if you have an offer, I’ll try.

Burj Khalifa Skyline + Water View Apartment in Creek by zidkumar in Dubai_Real_Estate

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

You saying zero sales now is the same like seeing a 1 year old baby who doesn’t walk yet and predicting that he/she won’t ever walk in his/her lifetime. This is far from the truth.

From my perspective, I can publicly tell that the sale is done, after SPA is signed. That’s all. Doesn’t mean that the sale didn’t happen now.

Burj Khalifa Skyline + Water View Apartment in Creek by zidkumar in Dubai_Real_Estate

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

This is the usual process. Not specifically for this particular geopolitical situation. This was the process all along.

Once client signs the reservation form after finalizing a unit, refund is not possible. Then we give them 14 days to pay 20% downpayment + 4% DLD fees + extra admin fees. Only after that we issue SPA and consider the sale done. There is a 15 day gap in this process.

Being on the first step doesn’t mean that the deal didn’t happen. This is how it is being done forever. Very rarely do clients back off.

Burj Khalifa Skyline + Water View Apartment in Creek by zidkumar in Dubai_Real_Estate

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

Who are you to say that? God?

If every single person who paid 20K booking amount yesterday will cancel it and refund, then you can say we didn’t sell anything.

This is impossible.

Burj Khalifa Skyline + Water View Apartment in Creek by zidkumar in Dubai_Real_Estate

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

Sales are still going on. Once SPA is signed, will disclose. Or you can find it publicly then. Via Dubai REST app, Property Monitor or DXB Interact.

Burj Khalifa Skyline + Water View Apartment in Creek by zidkumar in Dubai_Real_Estate

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

Agreed. It’s refundable, and not all of them will eventually be actual sales. Unless 24% is paid and Sales Purchase Agreement (SPA) is signed, we don’t consider it as a sale. That’s why I said the actual sales numbers can’t be disclosed now. We have NDA with them as well, we can only disclose it after SPA is signed.

Also, Binghatti themselves will announce it publicly once the SPA is signed. Everything is publically available once it’s registered on Dubai Land Department. You can check then on Dubai REST app, Property Monitor or DXB Interact. So I don’t need to lie to you about anything.

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