Recent Selling Trend

Burj Dubai Due to increasing competition, the final height of the Burj Dubai skyscraper is officially being kept a secret. However, figures released by a contractor on the project have suggested a height of around 808 m (2,651 ft), making it the world's tallest building. Rated as one of the most expensive projects in Dubai, Burj Dubai is set to make history when it completes. Have you purchased a unit there, or considering an investment? Does Burj Dubai offer a tremendous investment opportunity? Discuss it here.

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bryant Offline

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Posts: 30

Join Date: Feb 2007

Recent Selling Trend - 04-06-2007, 04:15 PM

News just in.... flats are not selling too well. In a huge development between the Burj Al Arab and the aluminum plant at Jebel Ali, the broker has just been advised by agents that 2 bed flats (brand new) that were on for AED 1.85M (about GBP265k) have now dropped to AED 1.4M (about GBP 200l).... a huge drop.

The banks are now apparently reluctant to lend against flats, and prefer villas.... so no signs of those dropping just yet.

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