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Under Construction

Giorgio
Profile | Rank: Junior | Total Contributions: 22 | Thanked: 1 Time
In this moment is possible to sell offices under construction in BB?

770 days ago In When to Sell
(4 Answers)


Zeeshan Khan
770 days ago


Hi,

It is definitely possible, however it is going to be quite difficult. I would recommend contacting as many agents as possible and keep in mind if you want a quick sale then your offering should be better than what is available in the market.

Perhaps you can let go a bit of your investment which you have already made to make the offer attractive to other potential investors.

Market is gradually getting better but still the main focus is on completed properties, so unfortunately it is going to be an uphill task.

Anyways all the best in trying to sell your office and do remember to visit the agents section to contact as many agents as possible.

Regards,
Zeeshan Khan

Giorgio
767 days ago


Yes i see the lowest price in BB is 750aed sqft for under c. tower ,complete is 900aed , in JLT for completed office is 500 aed .

Giorgio
767 days ago


What do you think is better for me to hold offices untill price go up ?, and also tower U.C. improuve their value

Zeeshan Khan
767 days ago


Hi,

Regarding whether you should sell your office now or wait, to be honest no one knows the answer to this as we have discussed before the way market is performing right now, it is very difficult to judge whether you should pull out or wait for a few months.

In my opinion under construction real estate market is not very attractive unless you hold a very premium property. Whats going to happen in the coming months, well at least until the end of this year we are not going to notice any dramatic changes. So whether you sell now or wait for a few months, it is going to make a very little difference if any.

If you need to free up your cash then you should consider selling now and in any case its worth testing the market. Put your property on sale and get a first hand idea of the current market prices. You can always opt out from selling if you believe the prices are on the rise or you are not getting a good value for your property.

Hope this helps and all the best in your decision.

Regards,
Zeeshan
(4 Answers)