#ON HOLD: BURJ PLACE, 63F, Res+Com, (DBD)

[Arabian1]

Thanks!

Soon we'll be seeing the thread come to live as ground work starts!

This is tempting, I guess I'll be selling my 1 bedroom apartment soon

[malec]

That's great. Any chance you could take some of the pictures yourself?

[dlnash]

Has anyone bought commercial office space in Burj Place?

[Arabian1]

Originally Posted by malec

That's great. Any chance you could take some of the pictures yourself?

I'm not in Dubai at the moment but will ask a friend to give it a try.

[Arabian1]

Originally Posted by dlnash

Has anyone bought commercial office space in Burj Place?

Yep. I know someone did.

Did you manage to get one?

[dlnash]

How is the response he is getting?

[Arabian1]

I'm not sure but I think he's doing fine. Few contacts here and there, but I guess he's planning to go for the next payment to ask for a higher premium.

[Arabian1]

You'll be surprised with the burj place selling prices posted on Emaar's website.

They have a studio for AED 10,400 / Sq.Ft

I thought my AED 6500 / Sq.Ft was expensive

[dlnash]

I heard commercial space is priced at around DHS 5,000-5,300 per sq ft in boulevard plaza, why would anyone buy in burj place at more than AED 6,500 sq ft?

[Arabian1]

Originally Posted by dlnash

I heard commercial space is priced at around DHS 5,000-5,300 per sq ft in boulevard plaza, why would anyone buy in burj place at more than AED 6,500 sq ft?

Location, location, location my dear.

Being directly located on Sheikh Zayed Road + direct connection to the metro station and to dubai mall is a major feature. It will be a preferred destination to businesses, especially when you consider the fact that it has a direct link to the airport and to other major destinations in Dubai (via the metro).

Consider the nature of the building itself.. serviced apartments, a hotel and commercial spaces. It's a busy place with high traffic.

[dlnash]

Boulevard Plaza and burj place are less than 2 mins walk apart. In fact boulevard plaza is closer to the Burj Dubai Tower + it's going to be completed very soon (August 2009). whereas burj place will be completed in 2011, So even if metro will be started in 2009, burj place residents won't get to use it till 2011.

[Arabian1]

True.
But I still like the burj place's location more in addition to it's payment plan (Not that I'm downgrading other projects, they're all fabulous, but we still have personal preferences)

Now that you brought up the price comparison subject.. Let me ask you something, since when did Emaar's prices make sense at the first place

[dlnash]

absolutely right!.
But what do you think will happen to the prices of these buildings once the Dubai Mall is opened on the 30th of October and then the burj nears completion?
Will this have an effect on the prices?

[Arabian1]

I believe so. As traffic to the area increases, people tend to explore the downtown even more.

As you know, demand builds up as awareness increases

Good luck to the current and future investors (and to you too dlnash)

I wonder what will happen in Citiscape!

[dlnash]

ppl who have invested between 2002 and 2006, must be having a ball of a time!

[just lookin]

Originally Posted by Arabian1

You'll be surprised with the burj place selling prices posted on Emaar's website.

They have a studio for AED 10,400 / Sq.Ft

I thought my AED 6500 / Sq.Ft was expensive

I am a bit surprised though. I was expecting the burj dubai facing units to go much higher than that...otherwise there is practically no appreciation for the owners of the units facing szr (especially the ones on the higher floors).

has anyone been able to sell at 5% premium or is this another one of those hype-news again

I reckon, we will see a lot of these units on the resale market pretty soon !!

[Arabian1]

Originally Posted by just lookin

I am a bit surprised though. I was expecting the burj dubai facing units to go much higher than that...otherwise there is practically no appreciation for the owners of the units facing szr (especially the ones on the higher floors).

has anyone been able to sell at 5% premium or is this another one of those hype-news again

I reckon, we will see a lot of these units on the resale market pretty soon !!

You expected them over 10,000 Sq.Ft?
The Mansion and several other projects were around AED 7500-8000 / Sq.Ft. Since these are serviced apartments and the back view units were recently launched; 10,000 is too good. Please bear in mind that the secondary market is yet to come, allowing more appreciation in price.

Moreover, AED 6500 to AED 10,000 is around 53% So SZR apartments have benefited too. Just give it some time. Summer is ending, people are coming back from their vacations and Citiscape is very soon too.

[Arabian1]

Hello,
It's difficult to get a good picture from behind the fence since the panels are so close to each other. The other alternative was from SZR, which the mobile camera can't get it clearly.

Can anyone or any downtown resident take a picture of Burj Place's construction area. It looks like they started the pile wall activities.

Please post the pics at the earliest in order to change the thread to "Ground Work". I'm sure this will make many of us happy

[Old Town Resident]

Does anybody have an updated masterplan for locating the new plots that have been announced over the last few months?

Emaar do not put up any boards so its difficult to know exactly what is what with exception to the obvious.

[Arabian1]

Originally Posted by Old Town Resident

Does anybody have an updated masterplan for locating the new plots that have been announced over the last few months?

Emaar do not put up any boards so its difficult to know exactly what is what with exception to the obvious.

I'm sure someone here would be able to help you.

Since you are an Old Town resident, is it possible if you could get few pictures of Burj Place's construction area. I guess there is one pile wall machinery and 2 cranes