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jay Offline
Junior Member
 
Posts: 8
Join Date: Apr 2007
Default Re: Lake Shore Tower - To sell or hold? - 22-07-2008, 10:48 AM

Hi Tazza,

The way I see the dubai market right now, I would advise you to sell. You are making a very good profit on your investment, and just for another 10% or so, it is not worth gambling it.

With the number of tower blocks coming up in dubai end of the year and next year, it would not be wise to hang on till completion - as most owners would be thinking the same thing!

I would definitely recommend selling now whilst you have got good profit locked in and then reinvest that money into another project. If you feel that you may lose out on the extra profit that you can make by completion, then think of it this way - realise your profit at this stage, reinvest that money, and make that on another project. In fact, you may end up making more this way as opposed to waiting.

Hope this helps and good luck!

J
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