UAE Property Investment Forum

Jumeirah Lake Towers Jumeirah Lake Towers consists of residences, offices and retail outlets developed around man-made lakes and waterways covering over 730,000 sq m (2.4 million sq ft); with man-made lakes covering 116,000 sq m (381,000 sq ft). So, with this sheer size and magnitude of the project, has it really been a success? Jumeirah Lake Towers is being completed in various stages, and some investors have already seen a good return on their investment. Are you one of them, or do you have a contradictory opinion? Share your views with others here.

Reply
 
LinkBack Thread Tools Display Modes
(#1 (permalink))
Old
Tazza Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Lake Shore Tower - To sell or hold? - 18-07-2008, 01:58 PM

Hi,

I purchased an apartment in Lake Shore Towers in JLT. It’s a two bed apartment on the 36th floor. I purchased at 793 AED/ sqft. I’ve been approached by my agents – they have advised that they can get me 1284 AED/sqft.

It’s due to complete in Dec 08 – I think. I’m not sure whether to hold till completion or sell it now….

Any thoughts anyone….

Thanks
Reply With Quote

Sponsors

(#2 (permalink))
Old
Tazza Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 21-07-2008, 08:46 PM

Waiting for your replies....

Thanks
Reply With Quote
(#3 (permalink))
Old
jay Offline
Junior Member
 
Posts: 8
Join Date: Apr 2007
Default Re: Lake Shore Tower - To sell or hold? - 22-07-2008, 09:48 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
Reply With Quote
(#4 (permalink))
Old
Yasir Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 22-07-2008, 11:28 AM

Sell it Immediately and Justify your Purchase .. =))

Whilst you sell this .. Try n Inquire About More Hot Properties and invest there .. =)
Reply With Quote
(#5 (permalink))
Old
Tazza Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 23-07-2008, 01:05 PM

Thanks for the feeedback guys...

I think selling is probably the best option....

does anyone have any ideas if Im getting a good price per sq/ft - I've seen one beds in the Lakeside Residence selling for 1550 AED sq/ft

Thanks
Reply With Quote
(#6 (permalink))
Old
Tazza Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 28-07-2008, 09:36 AM

Hi,

Has anyone got any photos of the Lake Shore Towers development and the surrounding areas - it would nice to see how consrtruction is going.

Thanks
Reply With Quote
(#7 (permalink))
Old
Yasir Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 28-07-2008, 02:17 PM

Not Right Now My Friend but i Might be Going there in a couple of days or so .. Will provide u with the feedback .. =)
Reply With Quote
(#8 (permalink))
Old
Tazza Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 29-07-2008, 09:43 AM

Hi Yasir,

Thanks that would be great - look forward to it!

Tazza
Reply With Quote
(#9 (permalink))
Old
Tazza Offline
Junior Member
 
Posts: 6
Join Date: Jul 2008
Default Re: Lake Shore Tower - To sell or hold? - 15-08-2008, 11:10 AM

Quote:
Originally Posted by Yasir View Post
Not Right Now My Friend but i Might be Going there in a couple of days or so .. Will provide u with the feedback .. =)

Hi Yasir,

just wondering did you get any of photos of the site?

Thanks

Tazza
Reply With Quote
Reply

Bookmarks

Sponsors

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
need a good agent to sell my aprtment sajburud Dubai Sports City 3 19-08-2008 08:39 AM
Jumeirah Lake Towers Nakheel Falcon Tower darren Jumeirah Lake Towers 4 06-04-2008 08:26 PM
Tower 3 - Jumeriah Lake Towers Shanaz Jumeirah Lake Towers 0 31-03-2008 02:22 PM
Lake Shore Towers in JLT kobe9820 Jumeirah Lake Towers 4 08-05-2007 02:02 PM
Why do they sell your mortgage? marineuae Mortgages and finance 3 24-03-2007 04:28 PM



Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0