#PROJECT: AL REEF VILLAS (Shahama)

[DRR]

looking to sell 2 bed med' now ready for handover. seeking a good agent

[speculator]

Whats the price ? Is it single row or not ? I might be interested. You can PM me if you want.

[dubaiguy7]

Hi guys, what are people's short and long term projections on al reef prices for resale rental ? I own 5 bed and just looking for some genuine insight as i dont live there and dont have my finger exactly on the pulse. Am I optimistic to think prices may increase with the development of downtown more landscaping etc ? How long away is it now from being ready? I seem to be getting Mis advised off various brokers so any un biased feedback whether good or bad is appreciated !

[Brain storming]

Originally Posted by dubaiguy7

Hi guys, what are people's short and long term projections on al reef prices for resale rental ? I own 5 bed and just looking for some genuine insight as i dont live there and dont have my finger exactly on the pulse. Am I optimistic to think prices may increase with the development of downtown more landscaping etc ? How long away is it now from being ready? I seem to be getting Mis advised off various brokers so any un biased feedback whether good or bad is appreciated !

the prices are stable from long time. I don't expect changes in coming 2 years.


but what about rental price for 2 and 3 bed townhouse?

[Prinz]

I have learnt that alreef downtown appartments will be ready for handedover in Jul 12. Can any please confirm this? Any updates on downtown project as the pics on manazel website are more than a year old

[speculator]

Yes I thinks it's accurate. I wentn on site last month and the apartments seemed very advanced/nearly finished.

[jediknight29]

Originally Posted by Prinz

I have learnt that alreef downtown appartments will be ready for handedover in Jul 12. Can any please confirm this? Any updates on downtown project as the pics on manazel website are more than a year old

They're not exactly customer oriented either. They are unresponsive and sometimes rude. I think I want my money back.

[Prinz]

"The first stage of Al Reef Downtown’s development was completed in December 2011, with the handover of 336 residential units (9 out of 46 buildings). This will be followed by the delivery of 347 units by the end of April 2012, 343 units in July 2012, and 340 units the following September. The final phase will be completed with the handover of 452 residential units, in addition to retail stores and the community plaza at the end of December 2012."

http://emirates.tpg-media.com/2012/m...d-1-5-billion/

[yomura]

Originally Posted by Prinz

"The first stage of Al Reef Downtown’s development was completed in December 2011, with the handover of 336 residential units (9 out of 46 buildings). This will be followed by the delivery of 347 units by the end of April 2012, 343 units in July 2012, and 340 units the following September. The final phase will be completed with the handover of 452 residential units, in addition to retail stores and the community plaza at the end of December 2012."

http://emirates.tpg-media.com/2012/m...d-1-5-billion/

I know a person who has a full building in Al Reef Downtown. Do you think he has a chance to find client for full building? I am skeptical because I cant find a client for even 1 apartment owned by my cousin!

[Prinz]

Originally Posted by yomura

I know a person who has a full building in Al Reef Downtown. Do you think he has a chance to find client for full building? I am skeptical because I cant find a client for even 1 apartment owned by my cousin!

Well, nothwithstanding the difficult times UAE property market is going through, I still feel AL Reef downtown is relatively a better bet as compared to other similar projects in Abu Dhabi and Dubai. Its low cost makes it even more attractive proposition and in mid to long term it will surely pay dividends. As regards full building, you would be lucky to find a client in present scenario. Good luck any way.

[Parisian Girl]

By Staff | Published Monday, April 09, 2012


Mohamed Mehana Al Qubaisi, Chairman of Manazel Real Estate (SUPPLIED)

Abu Dhabi-based Manazel Real Estate on Monday announced the handover of the first phase of Al Reef Villas’ Dh846 million Contemporary Village.

http://www.emirates247.com/business/...04-09-1.453004

[kowaem]

I am looking for 2b villa in Al Reef to buy with price possibly close to 900K
please let me know if anybody would like to sell
0507995248

[uklad1979]

Try Dubbizle this isn't a property selling forum.

[Prinz]

My alreef downtown appartment is ready for snagging / inspection. Since i am not available for snagging / inspection myself, can some one suggest a good firm which can do snagging on my behalf. Manazel specialists have offered to do it free of cost on my behalf. Is it advisable to get it done by manazelspecialists? Any suggestion please?

[MD BA]

Hi all,

Been at al reef desert village for sometime now, facing the runway...Nice. Any idea what's going on / project between Al Reef villa & the runway . Saw some concrete wall .. not aircraft hangars I hope ...

[Dubai_Boy]

Originally Posted by MD BA

Hi all,

Been at al reef desert village for sometime now, facing the runway...Nice. Any idea what's going on / project between Al Reef villa & the runway . Saw some concrete wall .. not aircraft hangars I hope ...

All the supporting facilities and infrustructure for the new AD airport , the runway is 500 meters from the al reef boundary wall

I do not think they will be hangars though

[Brain storming]

Originally Posted by Dubai_Boy

All the supporting facilities and infrustructure for the new AD airport , the runway is 500 meters from the al reef boundary wall

I do not think they will be hangars though

Is it a good or bad news? what do you think guys

I think if the entrance to the new terminal will be located at the same side of Alreef villa, it may effect positively.

[joseph0086]

hi dear all I live in Dubai and am interested in investing in a villa in Al reef.

There are a couple of communites there including contemporary and meditrranean.

I am an investor and will not live in those villas myself. I am wondering which community is easier to rent out? in terms of location and things, which community is the best?

Please let me know, thanks all.

[Dubai_Boy]

Well Joseph , the only freakin village right now with a grocery shop and take away resturant is the arabian village. thing is, its the first village to open and the quality of the houses there are not as good as the latest villages you mentioned

[joseph0086]

Originally Posted by Dubai_Boy

Well Joseph , the only freakin village right now with a grocery shop and take away resturant is the arabian village. thing is, its the first village to open and the quality of the houses there are not as good as the latest villages you mentioned

Thanks a lot for your reply. The price there is really low comparing to Dubai whose price has picked up quite a bit in 2012. I am really curious if it is easy to rent out one of those villas. Is the area still surrounded by a lot of construction zone just like jumeirah village circle in Dubai? As you are a resident there, are there still lots of empty villas right now? Or the tenants are starting to move into that area?

From my side, I don't mind if the price will still stay at the bottom for quite a while, as long as I can rent it out all the time to cover the monthly mortgage payment. So the question of 'whether it can be rented out easily' is more important than 'whether the price will appreciate soon in the future'.