#TOPPED OUT: BAY CENTRAL, 36F+50F Res, 155m+180m. INTERCONTINENTAL HOTEL 36F Hotel, 155m

[True Blue]

Originally Posted by Imre

Torch was sold as a 3 BR but its not a really 3 BR , as I told you before I would call 2 Br+study as it has only 2 bathrooms and the size is around 1800 sqft or even less..thats why the lower rents..

Marina Sail has 2 BR+ maids apartment with around 1900 sqft , lowest rental is around 130-135K/year with partial marina view..

Not sure if you are agreeing with me or Jeffers. However, if it was sold as a 3 bed and it turns out to be a 2 bed + study, then I would say that could be viewed as a disaster. 3 bed apartments should be minimum 2000ft and that is not possible with Select unless you pay even sillier money for a penthouse. I believe the 3 beds in BC are "compact" also so they will be pitched against the "2 bed + study" units.

[jeffers]

Originally Posted by True Blue

I think we will both have to agree to disagree. The tallest residential building in the world, 3 bed, full marina view and only 150k per year!! My 2 bed, 8th floor full marina view earns not far off that mark, factoring in maintenance fees etc. The 3 bed Torch units haven't met expectations by a long shot!

Lots of different factors come into play here. We looked at a Jewels duplex, I think around 4.7m, but decided to go for The Torch and save 2.7k and use that against something else which just over doubled in value so then cashed that in. What I am saying is different factors come into play. For that reason going for the Torch decision made it a fantastic investment as gave us funds for the other investment. However if the Torch was a stand alone investment then sure there are better, but I was only saying that the use of the word "disaster" is incorrect to some. Sure the Jewels was a better fit and finish and double the size (and price), however the location was not for us (horses and courses) I am not going to slag it off though, as to very many it is a paradise end. Again if the Torch is left empty if we decide to use a holiday home then the cost to keep it (service charges) will be less than a larger unit, so again different factors needed to come into play. Its not always just about the $$$$$ taken in isolation..

[jeffers]

Oh, and just for doubt, all three beds are good doubles, its not 2 and a study. Although one could make a very pleasant study if someone wished.

[Beppe786]

Originally Posted by jeffers

Lots of different factors come into play here. We looked at a Jewels duplex, I think around 4.7m, but decided to go for The Torch and save 2.7k and use that against something else which just over doubled in value so then cashed that in. What I am saying is different factors come into play. For that reason going for the Torch decision made it a fantastic investment as gave us funds for the other investment. However if the Torch was a stand alone investment then sure there are better, but I was only saying that the use of the word "disaster" is incorrect to some. Sure the Jewels was a better fit and finish and double the size (and price), however the location was not for us (horses and courses) I am not going to slag it off though, as to very many it is a paradise end. Again if the Torch is left empty if we decide to use a holiday home then the cost to keep it (service charges) will be less than a larger unit, so again different factors needed to come into play. Its not always just about the $$$$$ taken in isolation..

To True blue is Pardise end to others its Arse End..

[glover]

In dubai, i think we should not use the officially stated square footage of the apartments as a measure of how big or small the apartments are. i seen apartments with supposedly big sq footage but felt tiny. it could be a bad layout, but most probably the sq footage is overstated, with few exceptions.

so one development would have 700 for a 1 bed that would feel bigger than another development with a 800 sqft one bed.

Imre and others here would probably agree with this.

[Beppe786]

Originally Posted by glover

In dubai, i think we should not use the officially stated square footage of the apartments as a measure of how big or small the apartments are. i seen apartments with supposedly big sq footage but felt tiny. it could be a bad layout, but most probably the sq footage is overstated, with few exceptions.

so one development would have 700 for a 1 bed that would feel bigger than another development with a 800 sqft one bed.

Imre and others here would probably agree with this.

The Apartment in BC are small sq ft but feel bigger than they really are.

[johnnyinspain]

There are many wise participants on this forum, and a few complete idiots. I'm sure the clever people can tell the difference.

There are clear Select "plants". This post, (below), says it all.

The IMPORTANT WORD which the clever investors will pick up on is "HOPEFULLY" Any investor with any sense and half a business brain will realize the danger of either listening to UK TO DUBAI or buying ANYTHING from Select.

In my opinion Bay Central will not be open this year, AND will never achieve the business returns of any of the EMAAR developments, or of the Cayan developments.

Any doubts; just read back over the threads and make up your own mind!!

Originally Posted by UK_TO_DUBAI

Agree Buster...
I will buy a ready property if i intend to let out quickly.

BC will be ready by JUNE-JULY..hopefully..

[johnnyinspain]

I have an apartment in Marina Sail. It was a huge mistake buying this as it was delivered by the developer. I have spent a fortune putting it right, but now it is a magnificent huge apartment with stunning views, and we have finally got the building running well.

I am now getting great returns from this investment.

Personally I feel that if investors were to be honest about the mistakes they made, and stop posting total rubbish trying to defend bad business decisions, (especially buying blind from SELECT) then other new investors would be more likely to believe some of the advice given on these forums.

Never again will I buy from a small developer, or a bunch of crooks such as SELECT!!

Originally Posted by Imre

Torch was sold as a 3 BR but its not a really 3 BR , as I told you before I would call 2 Br+study as it has only 2 bathrooms and the size is around 1800 sqft or even less..thats why the lower rents..

Marina Sail has 2 BR+ maids apartment with around 1900 sqft , lowest rental is around 130-135K/year with partial marina view..

[Sham_Swe]

Originally Posted by UK_TO_DUBAI

Agree Buster...
I will buy a ready property if i intend to let out quickly.

BC will be ready by JUNE-JULY..hopefully..

Thank you guys for your advice. I understand both sides.

I have done some done some research in the last couple of months though not on site. The thing is that one can consider this property as ready even if it can take a couple of more months. I understand you who have been waiting for the handover for years and lost the trust in the developer but now when we see the towers completed from outside and I tend to beileve that the handover will be sometime soon.

I see that there are a huge number of properties for sale but BC is quite competitive price wise. The location is among the best. The only worry is the quality that many of you have pointed out. I thought it would be better than described in this forum.

[True Blue]

Originally Posted by jeffers

Lots of different factors come into play here. We looked at a Jewels duplex, I think around 4.7m, but decided to go for The Torch and save 2.7k and use that against something else which just over doubled in value so then cashed that in. What I am saying is different factors come into play. For that reason going for the Torch decision made it a fantastic investment as gave us funds for the other investment. However if the Torch was a stand alone investment then sure there are better, but I was only saying that the use of the word "disaster" is incorrect to some. Sure the Jewels was a better fit and finish and double the size (and price), however the location was not for us (horses and courses) I am not going to slag it off though, as to very many it is a paradise end. Again if the Torch is left empty if we decide to use a holiday home then the cost to keep it (service charges) will be less than a larger unit, so again different factors needed to come into play. Its not always just about the $$$$$ taken in isolation..

I was not referring to Jewels but instead to a 1400ft2 Dorrabay 2 bed/2 parking that cost me 927k. That would have given you plenty of change for other options

Maybe UK TO DUBAI can work out the return on that one, can assure you it is way better than the 8-9% being acheived by any Botanica apartment

[jeffers]

As an investment, that sounds like a very good return if you are generating just under 150k on that. Sorry better let this thread get back to BC topics.

[RedWayne28thfloor]

Originally Posted by johnnyinspain

There are many wise participants on this forum, and a few complete idiots. I'm sure the clever people can tell the difference.

There are clear Select "plants". This post, (below), says it all.

The IMPORTANT WORD which the clever investors will pick up on is "HOPEFULLY" Any investor with any sense and half a business brain will realize the danger of either listening to UK TO DUBAI or buying ANYTHING from Select.

In my opinion Bay Central will not be open this year, AND will never achieve the business returns of any of the EMAAR developments, or of the Cayan developments.

Any doubts; just read back over the threads and make up your own mind!!

But you're the guy that said they wont build the hotel/east tower in the forseeable future.......

[Sham_Swe]

Hi again,

Many of you seem to be having a vast experience in the Dubai property market and are experienced investers i many different projects.

It will be valuable to hear from you how you look at the outlook of the rental market now when hundreds if not thousands of new properties coming on the market. Do you see the demand growing enough to absorb this new supply without collapsing the rental market. I mean it seems to be becoming a "tenants market" if it already isn't. Anybody willing to share some thoughts on this?

[DxbPC]

Originally Posted by Beppe786

The Apartment in BC are small sq ft but feel bigger than they really are.

The apartments are small square footage and even smaller in reality because SPA size is Inclusive of balcony and car park

[buster007]

Stumbled onto this .. didnt think the interior fittings within BC had progressed this far ... perhaps a Q4 handover is possible

http://dubai.dubizzle.com/property-f...RhdGVfYWdlbnQ9


http://dubai.dubizzle.com/property-f...RhdGVfYWdlbnQ9

[Beppe786]

image hosted on flickr

[UK_TO_DUBAI]

Thanks Beppe - Buster and BCowner for your photos.

Internal Looks better - View is just fantastic

[Beppe786]

image hosted on flickr

[Beppe786]

image hosted on flickr

[True Blue]

Originally Posted by DxbPC

The apartments are small square footage and even smaller in reality because SPA size is Inclusive of balcony and car park

Are you serious? It is normal to include balcony in the total but not the parking space!!!!

I have heard that Select are reverting to including the parking space when they are confronted about the units being undersize and seeking a partial refund. They really are crooks!