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Everything posted by fws

  1. Happy to oblige. I bought in Infinity Tower in Dubai Marina. (Tallest twisting residential building in the world in the Word's tallest block). The building was delayed for a year as there was a force majeure ( a huge flood when the marina wall was breached), but so were the payments. The building is currently up to floor 45 out of 80 and completion is expected in March 2012. The building looks stunning already and I can't wait to holiday there. Despite all the talk of nonsensical 40% off 50% price drops, the price is more than holding up. I'm still very happy with the purchase. You only lose on property if you sell in a downturn. On average prices have doubled every 10 years since 1959 - I doubt it will be that different in the future
  2. Definitely the latter - except I would never use foul language like that!
  3. As one who's commented on this issue, I'm not saying it's not right for non-investors to say negative things. What I was saying was that it's an absolute nonsense to say things about flights not happening, rents not being achieved, stars not moving in etc. The place isn't built so how can such factors be seen as not happening? What I am condemning is the people who see Saidia as a failure because this or that "hasn't happened". Yes, orices haven't shot up but that's the only 'failure' so far - it doesn't mean that Saidia itself is a failure which is what the gloaters seem to be saying. It isn't built - nothing is open much. No hotels, no shops, no restaurants = no flights etc
  4. Of course there are no flights and nothing has happened etc there's nothing much there. it's a building site in its early stages. What's difficult to understand about that? Why keep posting if you know nothing about the place?
  5. Agree totally with Euroscooby. Most of us bought a holiday home not a sure-fire investment. Delays are disappointing, but it doesn't alter the quality of the finished product. Building something like Mediterranea Saidia from scratch is a huge undertaking. It was obviously going to take years. What's new? Why are the doomsayers still posting? Get a life!!!
  6. No, converted lurker. Ferrari is absolutely correct. There is no way that anyone who bought an apartment back in 2005 made a loss. If you're that convinced, post the details and let us see. Apartment, district, square footage, price paid and when, price sold and when. I know everyone on HPC wants to see Armageddon, but please give us the facts. I'll go first - bought a 607 sq ft studio in the Marina in FEB 2007, 3 downpayments of approx £8k each, ie £24k (each payment the currency exchange rate varied slightly), sold and had money in account April 2008 (£62k) If your friend really did make a loss, he must be the worst businessman in the world!!!!!
  7. Thanks but I can't seem to use the pm function on this forum.
  8. You'll be banned from this forum! You are only allowed here if you are spreading doom and gloom. Well done on what has been a great return and in getting your property rented so quickly. I too think Dubai and the UAE is definitely the place to be - both for returns and a good place to visit. Nice to hear from someone 'on the ground' that things are still moving quickly - but the doomsayers who have never been there won't like it!!!!!
  9. Yes we have a golf villa - happily planning on spending some of our time there in winter when it's all up and running.
  10. Well Rondy and Jesus, you've really shown your true colours and discredited yourselves totally. The punters haven't left the forum - it's just that we're not as full of verbal diarrhoea as some people. The latest photos of Saidia ( and I've seen over 400) look fantastic actually and I'm very pleased with the way things are progressing.
  11. You seem incredibly arrogant but as I presume you have been to Dubai and are familiar with the market out there, why is at a stunning example of denial? Please enlighten me. I am also curious as to why you assume the purchase of off-plan property is a futures contract. Having bought several off-plan properties over the last nine years, I know how off-plan purchasing works. However I am not familiar with gambling on the stock market which is what I had always assumed futures contracts to be.
  12. I also have properties in Dubai and, like Ferrari, I also check the prices regularly. Mine are off-plan and so have not experienced the hike which comes as soon as they are completed. I bought a studio in Dubai Marina last February for 567,000AED - the cheapest now is over 800,000 AED. Dubai prices are still increasing rapidly and are likely to continue to do so. Construction costs for everything from materials to shipping are increasing, land prices are increasing and because the dirham is tied to the dollar, inflation is being forced upwards. The doom-mongers are missing out here.
  13. Love your enthusiasm Dogbox, but just a gentle reminder. Morocco isn't Spain and prices are much, much cheaper. We were all carried away with the hype a couple of years ago, but let's face the truth. Prices are the same as they were then and the properties,as Jonkers has already found, are virtually impossible to sell anyway. I still think it's a great buy in the long term, but knowing what we know now, it's certainly not been a good buy in the short term. I pity anyone who really needs to sell, although I have no sympathy for investors who were planning on flipping from the outset.
  14. Transport shouldn't be a problem. There is to be a bus stop outside the main clubhouse on VVT8 and a taxi drop off zone.
  15. Crazy indeed unless you like fibreglass cows and roundabouts. Yeah, we love roundabouts here in Milton Keynes. We zip from one side of the city to the other in a few minutes and think about all the other poor souls who knock MK and spent ages each day sitting in traffic jams or waiting for traffic lights to change!!!!!
  16. Tom We are buying on Mediterranea Saidia and used a British solicitor to check the contract only. We will pay on a 'needs must' basis for further legal work needed, if necessary. Despite the insults from other people, I'm also not convinced that you need to go through the full works from an English solicitor for purchase on a major Moroccan site. If you look at the list of what they do, most of it is very straightforward - helping with currency exchange etc. The actual legalities are done by the notaire in Morocco, not the English solicitor. I would however recommend that you get the contract itself checked - it cost us £350.
  17. Mediterranea Saidia is not the same as Saidia. This has been explained many times before and isn't that difficult to understand. Saidia is a Moroccan seaside town (currently being done up - and I quite liked it as it was, though admittedly my visit was short). Mediterranea Saidia will be a mega tourist resort. No-one, not even you Big Log, has been there. It isn't built yet. Those of us who have visited have seen a building site. Why are you so intent on denigrating it all the time?!!!
  18. [There's a newsletter due out shortly which will give details of all the facilities available. Let's give PL time to get that information together before speculating further. Thanks. I'm sure all the clubhouses will be similar
  19. Hi Soup I don't know the details I'm afraid. I think the mini-market is a great idea. Even assuming most people eat out, to have somewhere on site for milk, bread, drinks etc is a real bonus - likewise restaurants, gym, spa on site rather than having to walk - catch a bus etc. These are the things which make a holiday so much easier I still think the design, size and prices of VVT6 are better value, but the facilities are comparable so each site will appeal to a different market.
  20. I have been very unhappy about the VVT6 villas and how much better value they are compared with the VVT8 villas. I have been quite negative and after having spoken with Property Logic, I am much happier and hereby publicly apologise for my negativity as I now believe that they are dealing with this very fairly. More importantly, I have been emailed about the upgraded clubhouse facilities which are comparable with those elsewhere. These include 2 restaurants and bars, a Moroccan lounge, indoor/outdoor swimming pool, mini-market, solarium, gymnasium, spa, games room and internet connection in the clubhouse. There is also a sports field, amphitheatre, bar and mini-golf / putting green. This makes a huge difference to us as a place to holiday regularly and to the perceived value of VVT8 to holiday-makers and I am much happier now. I think this is great news and should make us all feel much more positive about the choice we made.
  21. No, but I have Lucy's response if you can get a pm to me on another forum and I'll email you. Please note there is a poll about this on the Saidia forum and everyone concerned who is a member of the LJDF group has been emailed and asked their opinion about pushing for larger pools and better facilities. Please respond and let us know your opinion.
  22. It's run by 'Popcorn' who works hard on this and has provided useful information about what is going on. [email protected] I've spoken to Lucy at Property Logic and they are willing to transfer the deposit to the new site. If you want to resell, it costs 5% through them or find your own buyer and they charge 1.5% for the tranfer. If those who are unhappy contact PL, it may make them think a bit!
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