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desertdudeshj wrote:Aw come on how can you compare the lengendry brand LADA to small time crappy ones like Land Rover !

I think that the only vehicles they have are the Kamaz trucks, awesome beasts.

Oh BTW this thread is about Villa prices people !

LOL. I did get it back on track and the borscht eater started up about the British Empire. Unbelievable

desertdudeshj wrote:Aw come on how can you compare the lengendry brand LADA to small time crappy ones like Land Rover !

I think that the only vehicles they have are the Kamaz trucks, awesome beasts.

Oh BTW this thread is about Villa prices people !

So you like my side of the Villa better, now don't ya

I thought you lived in a cave

desertdudeshj wrote:I thought you lived in a cave

You mean the cave of Kitten in Bora Bora. Neighbor of Bin Laden.

cave none the less

Looks like 1 a.m. is when Robby starts smoking. Think I'll go to bed, see ya guys..

Goodnight and take care.

Hump,

Don't show your ignorance. Borscht, so bloody word you invented in your language, is Ukrainian, not Russian, dish. Ukrain is a new independent undeveloped state now.

There is another world among your small island...

What do you think the maximum fall will be (in percentage) and when ?

I was thinking of coming to check out the RE situation in Dubai with about 50000 Euros cash in my pockets, but then I thought that the amount was too small, so my project just disappeared.

Now, I can see that there's a crisis.

When you talk about prices going down 45%, where do you get this info. I still see high prices on the famous real estate websites.

Could you provide me with the one you consider the Best of all Dubai Real Estate websites, or some company name I can contact ?
I would really appreciate your help.


I feel so bad for all those who have bough and see their property value go down, but I feel that it's my moment and I have to act now or never.

Do you have some prices per square meter of the areas with some sort of graph showing the fall ?

Thank you

Ciao

pixel wrote:What do you think the maximum fall will be (in percentage) and when ?

I was thinking of coming to check out the RE situation in Dubai with about 50000 Euros cash in my pockets, but then I thought that the amount was too small, so my project just disappeared.

Now, I can see that there's a crisis.

When you talk about prices going down 45%, where do you get this info. I still see high prices on the famous real estate websites.

Could you provide me with the one you consider the Best of all Dubai Real Estate websites, or some company name I can contact ?
I would really appreciate your help.


I feel so bad for all those who have bough and see their property value go down, but I feel that it's my moment and I have to act now or never.

Do you have some prices per square meter of the areas with some sort of graph showing the fall ?

Thank you

Ciao

Those websites you mention never reveal the lowest price in the market. They will always try to get the maximum for the seller.

Just search your favourite properties and request a price. Inform yourself about the market and the current sale prices and try to find an good deal that attracts you.

Give em a call and do some prep. work

Red Chief wrote:Hump,

Don't show your ignorance. Borscht, so bloody word you invented in your language, is Ukrainian, not Russian, dish. Ukrain is a new independent undeveloped state now.

There is another world among your small island...

I forgot that your tiny empire got dismantled in the recent past, so sorry Trosky

I went to Moscow and Leningrad once (true). They were closed.

They smelled of cabbage though. Horrible!

RobbyG wrote:

desertdudeshj wrote:I thought you lived in a cave

You mean the cave of Kitten in Bora Bora. Neighbor of Bin Laden.

No way do you inhabit my cave! The Dubai wannabe speaks from under his rock. Just click those little wooden shoes together three times and say "I wish I was in Dubai". And bring a bunch of tulips with you.

Bora Bora wrote:

RobbyG wrote:

desertdudeshj wrote:I thought you lived in a cave

You mean the cave of Kitten in Bora Bora. Neighbor of Bin Laden.

No way do you inhabit my cave! The Dubai wannabe speaks from under his rock. Just click those little wooden shoes together three times and say "I wish I was in Dubai". And bring a bunch of tulips with you.

You'll be amazed how fast I will integrate when I join you guys and gals.
Wish I found a proper job!!! Damn downturn

ps: I'm a guy by the way. Just switch the gal for a guy

back on topic please and give the car chat a rest

thanks

arniegang wrote:back on topic please and give the car chat a rest

thanks

OK. My villa rental last year was two Prados, this year do you think it will come down to maybe three Sunnys?

No answers required!

What is the latest news on villa prices? Are they down further?
Are they selling ?

Please try and give averages in POUNDS STERLING.
How has the pound done against the Dirham since last October?
This is a major factor for Brits.

The pound took a hammering against the Euro before November 2008.
We were in Barcelona for a City Break from the UK. We found it expensive to eat out.
A few months before that ,a Euro was 70 pence, but by November the Euro was 93 pence to buy.

Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Nucleus wrote:Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Villa prices stopped falling, doesn't look like it from where I stand.

sage & onion wrote:

Nucleus wrote:Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Villa prices stopped falling, doesn't look like it from where I stand.

That's right, a 2BR independent Villa in JVT starting from 1.4 mill and have seen a 2BR Villa in Springs for 1 mill flatout this week (which means we have to change the thread topic to prices fall up to 66%).
Ever week a new surprise ...

...IMO prices will not stop falling until the mortgages will flow again (should they ever) ... and I wouldn't be surprised then it might all go up again...ppl are ppl and will not change if you give them credit yet again.

sage & onion wrote:

Nucleus wrote:Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Villa prices stopped falling, doesn't look like it from where I stand.

As far as I know they are there where the were since late Jan/early Feb. Depending on the place and type of villa they have fallen 40% to 60% in Jan. And they are still there @ 40% to 60%.
- PJ Sig villa is selling between 7m to 8m.
- Springs selling for 1m to 1.4m.
- AR 3m to 4.5m.
- JP 3-bed 2.4m.

Nucleus wrote:

sage & onion wrote:

Nucleus wrote:Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Villa prices stopped falling, doesn't look like it from where I stand.

As far as I know they are there where the were since late Jan/early Feb. Depending on the place and type of villa they have fallen 40% to 60% in Jan. And they are still there @ 40% to 60%.
- PJ Sig villa is selling between 7m to 8m.
- Springs selling for 1m to 1.4m.
- AR 3m to 4.5m.
- JP 3-bed 2.4m.

Thats a huge range your talking for each of these developments. The question is how many of them are closer to the lower limit now than before? My guess is a lot more just by scanning newspapers and Dubizzle.

K-Dog wrote:

Nucleus wrote:

sage & onion wrote:

Nucleus wrote:Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Villa prices stopped falling, doesn't look like it from where I stand.

As far as I know they are there where the were since late Jan/early Feb. Depending on the place and type of villa they have fallen 40% to 60% in Jan. And they are still there @ 40% to 60%.
- PJ Sig villa is selling between 7m to 8m.
- Springs selling for 1m to 1.4m.
- AR 3m to 4.5m.
- JP 3-bed 2.4m.

Thats a huge range your talking for each of these developments. The question is how many of them are closer to the lower limit now than before? My guess is a lot more just by scanning newspapers and Dubizzle.

Actual selling has huge range and that is coming from differences in type of villas too in each of these developments. But PJ villas have variations in selling prices for same type too, they are not selling standard price. This info is from actual sales, not ads. In dec there was almost no sales. Jan was similar. Late jan and Feb was better. However, prices are staying in the same range. I'm not checking Dubbizle, so I don't know about that but you should start to see selling prices coming down to actual levels on gowealthy and bhomes. Up till now their agents have been advising people not to list prices lower.

Actual sales prices you can look at http://www.dubailand.gov.ae/ld_website/ ... fault.aspx.

Check the monthly transactions http://www.dubailand.gov.ae/ld_website/ ... tions.aspx

Average value of transactions rose in the month of feb that is because of commercial http://www.dubailand.gov.ae/ld_website/ ... tions.aspx

Nucleus wrote:

K-Dog wrote:

Nucleus wrote:

sage & onion wrote:

Nucleus wrote:Pound is still 40% below from peek. Villa prices seem to have stop falling, but I'm expecting another downward wave in somewhere between april and july.

Villa prices stopped falling, doesn't look like it from where I stand.

As far as I know they are there where the were since late Jan/early Feb. Depending on the place and type of villa they have fallen 40% to 60% in Jan. And they are still there @ 40% to 60%.
- PJ Sig villa is selling between 7m to 8m.
- Springs selling for 1m to 1.4m.
- AR 3m to 4.5m.
- JP 3-bed 2.4m.

Thats a huge range your talking for each of these developments. The question is how many of them are closer to the lower limit now than before? My guess is a lot more just by scanning newspapers and Dubizzle.

Actual selling has huge range and that is coming from differences in type of villas too in each of these developments. But PJ villas have variations in selling prices for same type too, they are not selling standard price. This info is from actual sales, not ads. In dec there was almost no sales. Jan was similar. Late jan and Feb was better. However, prices are staying in the same range. I'm not checking Dubbizle, so I don't know about that but you should start to see selling prices coming down to actual levels on gowealthy and bhomes. Up till now their agents have been advising people not to list prices lower.

Actual sales prices you can look at http://www.dubailand.gov.ae/ld_website/ ... fault.aspx.

Check the monthly transactions http://www.dubailand.gov.ae/ld_website/ ... tions.aspx

Average value of transactions rose in the month of feb that is because of commercial http://www.dubailand.gov.ae/ld_website/ ... tions.aspx

However the truth is that nothing is getting sold.

sage & onion wrote:
However the truth is that nothing is getting sold.

I sold a villa in first week of march. Some selling is going on in completed properties. And I'm looking to buy PJA villa at -25%, if I find a seller.

Nucleus wrote:

sage & onion wrote:
However the truth is that nothing is getting sold.

I sold a villa in first week of march. Some selling is going on in completed properties. And I'm looking to buy PJA villa at -25%, if I find a seller.

Good for you, you must be one of the only ones selling.

sage & onion wrote:

Nucleus wrote:

sage & onion wrote:
However the truth is that nothing is getting sold.

I sold a villa in first week of march. Some selling is going on in completed properties. And I'm looking to buy PJA villa at -25%, if I find a seller.

Good for you, you must be one of the only ones selling.

Sale for completed property shows up on Dubai Land Department web site. Looks like others are selling too but at 2006 prices.

Another thing, I'll buy in PJA and JP too @ -25% on OP.

Just to highlight Sage's point. An apartment sale is listed today on their website for AED 645,000 for a 2000 sqft apartment in JBR. That's not buying and selling.

K-Dog wrote:Just to highlight Sage's point. An apartment sale is listed today on their website for AED 645,000 for a 2000 sqft apartment in JBR. That's not buying and selling.

There too many properties listed in the market, doesn't mean not all are selling. I'll buy PJA villa @ -25%, but it is first come first serve basis. Doesn't mean other will sell at -25% at an instant.

K-Dog wrote:Just to highlight Sage's point. An apartment sale is listed today on their website for AED 645,000 for a 2000 sqft apartment in JBR. That's not buying and selling.

Where? That is good price for JBR.