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| 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 |
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| 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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| 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 |
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| Quote:
Hi Yasir, just wondering did you get any of photos of the site? Thanks Tazza |
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