Probably Jumeirah Village is still good investment but beware of some companies taking payments from you in an account which in different name. The ESCROW accounts are in another name. These companies don't provide you with any bank statement confirming that the monies have actually been transferred to ESCROW account. However this applies to properties outside Jumeirah Village as well.

Also the information given by some developers is incorrect. The fact is that most of the projects are likely to be delayed by several months. Developers usually blame Nakheel for this.

Totally agree with that and that is why I decided to work for a developer dedicated in commercial programs in Jumeirah Village South.

We offer a Jebel Ali Free Zone office till the completion of the project. Please call me if more details you would like to have.

Regards.

Michael
050 10 46 346

Advise on investing in Rigel Tower in JVC. It is sold by Fortune group and delveoper is ABC international which is a company owned by Fortune. They have other projects like Fortune Scerene, Burj Al Alam & Fortune Tower etc. Escrow account in place but no finace as of now. Location is block 13 H on two plots close to metor substation. prices psf in the range of 950 - 1100 if you dont take the car that they are offering with each apartment. The building floor plans look very livable. Can any one tell me if this will be a good investment opportunity.

As a personal investor, I have bought many units in Jumeirah Village South in residential sector. I would say, it is a best place in invest, as my property prices been appreciated upto 45%. Still not looking to sell, as I know like others that economy is not treating us well, but still if we would notice one thing, that investing in properties is much safer than investing in any other fields. E.g. Gold, oil or something similar where investors can easily make huge profits, but IT IS RISKY. Even investing in UK or US is a big mistake, but in DUBAI, if we look at the past till upto now, property is prices never went down. Still on these crisis prices are stable, not aprreciating and not depreciating but in the future maybe in couple months of so, the prices will shoot again. My point of view is to invest at this period of time where market is not growing at the moment but it will provide up to 20% of return within your second installment. The propery I have bought from is Memon Investment LLC. One of the big developer in Jumeirah Village South with five projects, the fifth project is Gardenia V, which I m interested in buying now. As I have bought already many units from this developer in Dubai Sports City and Jumeirah Village South very good resell in the market but still I m holding few units for more premium looking in January.


Everyone says that economy is falling sharply but if you have been reading the gulf newspaper, than it was a big article few days back that all banking sectors are 100% backed up by government, so in my view their is no possbility that the global crunch would effect UAE. UK and US banking sectors are normally backed up by 60% but UAE banking sector 100%. Very positive side of DUBAI.

In short, best place to invest at this moment is DUBAI and personally recommend Jumeirah Village South.

I have a couple of studio apartments in jumerah village south that i would like to sell.If you are interested please contact me on 07897539503.

In which projects you have apartments and at what price are you looking to sell.

I have an apartment for sale in Jumeirah Village South:
Development: Gardenia 3
Unit: 1 bed flat, 1151 sq.ft. including balcony
Floor: 2
View: Road
Developer Memon Investments
Paid: 15%

Anyone interested please mail me katana786@hotmail.com and we can discuss price.

Katana, my suggestion would be don't sell now. As gardenia prices are shooting very much still in this circumstances. I would say that you should hold on this property for some more time, like for atleast six months and you can get easily 400AED premium or still you won't be able to sell it after six months than I would buy it from you. I m one of the main investor in Memon and have bought several units and floors for myself and for my clients. You can easily get a good return. Even though now my property is not selling very well but its only temporarily. In the end decision is yours.

Kind regards.

They are in Kensington Manor,Please email me on Moh_ree@yahoo.co.uk for details.