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Old February 25th, 2012, 04:06 PM   #181
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Quote:
Originally Posted by voyager8907 View Post
I'm confused.
Is this building under construction again or not?
not yet, but it most likely will start again soon
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Old April 28th, 2012, 07:13 AM   #182
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Quote:
Originally Posted by Jay View Post
Yea Spain and the US aren't building buildings like this (minus NY) BECAUSE they crashed. A city of empty buildings is horrible for the economy, I know people hate to hear it, but it's called logic.

I'm not saying the building or even Dubai doesn't look cool, but at what price? Why is a city smaller than Barcelona constructing all this?

Truthfully, I think that building nothing is one of the worst things you can do. I know that in the short run it may be a bad decision, but real estate is unique because it pays itself off over time, and these buildings are meant to stand forever. So basically in any situation, as long as you're patient, any real estate is a good idea.
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Old April 28th, 2012, 07:49 AM   #183
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^Not at all! Property value will remain incredibly low because of the excess of buildings
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Old April 29th, 2012, 12:34 AM   #184
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Is this being done by the same developer as Marina 101? If so, shouldn't they finish 101 before going to 106?
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Old April 29th, 2012, 12:54 PM   #185
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Why should they?
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Old April 29th, 2012, 12:57 PM   #186
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Quote:
Originally Posted by Jay View Post
^Not at all! Property value will remain incredibly low because of the excess of buildings
As not an investor, I wish the value was really that low as the expert in you knows it is


Quote:
Originally Posted by RandomNameTag View Post
Is this being done by the same developer as Marina 101? If so, shouldn't they finish 101 before going to 106?
There is absolutely no relation between the two developers

Marina: The location
101/106: The number of above-ground levels obn the respective projects
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Old May 28th, 2012, 08:48 PM   #187
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Is this going anywhere?
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Old May 30th, 2012, 08:48 PM   #188
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Site offices already there

30/May/2012

Marina 106

[IMG]http://i47.************/2s1ub6t.jpg[/IMG]
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Old January 6th, 2013, 10:45 PM   #189
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Is this project dead ?
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Old January 8th, 2013, 02:33 PM   #190
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Dubai projects tend to be slow these days, let's wait for some visual updates
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Old August 17th, 2013, 11:18 AM   #191
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its never build or its on hold?
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Old August 17th, 2013, 12:06 PM   #192
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Quote:
Originally Posted by Jay View Post
It is a good looking building, but considering Dubai already crashed a few years back and there is a negative demand for space, it would be silly to build it.
Probably first time saying this to you but it seems you were right on this one.
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Old September 22nd, 2013, 04:06 PM   #193
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Good news ,the project will restart soon.
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Old September 22nd, 2013, 04:09 PM   #194
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Quote:
Originally Posted by AltinD View Post
As not an investor, I wish the value was really that low as the expert in you knows it is




There is absolutely no relation between the two developers

Marina: The location
101/106: The number of above-ground levels obn the respective projects
you are right . No relation between the two developers
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Old September 23rd, 2013, 10:11 AM   #195
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Quote:
Originally Posted by Musa Hammoudeh View Post
Good news ,the project will restart soon.
Any source?
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Old September 24th, 2013, 09:57 AM   #196
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Any source?
yes it is from the developer him self
I will keep you posted for any future development on this subject
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Old September 24th, 2013, 10:07 AM   #197
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Originally Posted by Musa Hammoudeh View Post
yes it is from the developer him self I will keep you posted for any future development on this subject
I hope this is true
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Old September 24th, 2013, 01:52 PM   #198
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I hope that construction will start as soon as possible! Thanks for information
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Old September 24th, 2013, 09:07 PM   #199
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this design is alot better compared to Marina 101 or Princess Tower
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Old September 26th, 2013, 04:59 PM   #200
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Quote:
Originally Posted by Musa Hammoudeh View Post
Good news ,the project will restart soon.
Might have something to do with this:

Rising expatriate population driving Dubai house rents higher
Emirate offers good rental returns to investors, says Knight Frank

Fuelled by an increasing expatriate population and rising number of corporate tenants, prime residential rents in Dubai rose by 15 per cent in the year to June 2013, according to a new report.

Knight Frank, a UK-based consultancy, in its latest report, said rent increase would have been steep, but the government’s restrictions on landlords raising rents of their existing tenants has controlled the increase and possibly reduced the movement between properties.

Moreover, increasing demand has led to “good” rental returns with net yields of four to six per cent for investors.

In July, Knight Frank’s Prime Global Rental Index put Dubai on top of the list of best performing rental markets in the world.
Rents in the emirate rose by 18.3 per cent in the year to March and were up 10.1 per cent and 3.5 per cent in the last six months and the first quarter of 2013

.Dubai is a front-runner to host the World Expo 2020, which is likely to create 277,000 jobs between 2013 and 2021 with over 25 million visitors expected to attend the expo.

Price rise

Growing investor confidence has already led to price increases. The report states villas are witnessing a price appreciation of 11.4 per cent, while apartments have risen 15.1 per cent since beginning of 2013.

Investors from North Africa, the Middle East and Asia are looking to place their wealth in a safe-haven environment with Dubai topping their list.

Knight Frank’s Wealth Report 2013 had revealed Dubai as one of the most favoured ‘safe haven’ locations for global investors.

“There is a definite focus on quality by buyers, which is now recognised clearly by developers. With the resurgence of Dubai real estate has come a more acute awareness of trust, reputation and the ability of developers to deliver a high quality product,” the report said.

Buy before the cap

Although the majority of property transactions in Dubai are done in cash, Knight Frank said the proposed mortgage cap did cause a flurry of activity amongst owner-occupiers, who were keen to purchase homes before the cap is enforced.

Last year, the UAE Central Bank had proposed new maximum loan-to-value-ratio for mortgages in a move to stop the residential market from overheating. The new regulations are expected to come out before year-end.

“We now understand that any directives will not be fully implemented until later in the summer and until then the banks are continuing to lend according to their own criteria,” the report added.

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