I've looked into it and considered it but they won't be ready for another 2 years. I'm only committing to another 2 years for now so I've held off. I'll revisit it in the summer next year to see how the rental situation is then. If rents stay the same and it looks like there will be high demand to rent there, you can make a nice return. The price per square foot isn't that bad for the units either(approx $300 CAD/sq ft). Cheaper than in Calgary right now. There's just too much square footage though for the 1 and 2 bedrooms, which makes the prices expensive. They need to have the choices and variety like in Dubai.
If the new towers have 2 bedroom flats in the 1,000 to 1,2000 square foot range, there may be more interest as this would put a 1,000 sq ft 2 bedroom flat at 1 mill. QR.
There's thousands of proper flats coming on the market next year in the West Bay area so it'll be interesting to see the prices and demand for these units and how it will affect the overall market.
I've looked into it and considered it but they won't be ready for another 2 years. I'm only committing to another 2 years for now so I've held off. I'll revisit it in the summer next year to see how the rental situation is then. If rents stay the same and it looks like there will be high demand to rent there, you can make a nice return. The price per square foot isn't that bad for the units either(approx $300 CAD/sq ft). Cheaper than in Calgary right now. There's just too much square footage though for the 1 and 2 bedrooms, which makes the prices expensive. They need to have the choices and variety like in Dubai.
If the new towers have 2 bedroom flats in the 1,000 to 1,2000 square foot range, there may be more interest as this would put a 1,000 sq ft 2 bedroom flat at 1 mill. QR.
There's thousands of proper flats coming on the market next year in the West Bay area so it'll be interesting to see the prices and demand for these units and how it will affect the overall market.