Offer is ~60% below developer's current price and ~40% below real market
price.

Developer: Schon Properties (from PAKISTAN).

_______________

Very distress offer in Schon Business Park (Dubai Investment Park).

AED 700 per sqft. (original price was AED 750 in April 2007). Current usual
asking prices are AED 1,200 and above.

 

Details:

8 offices plus 13 parking slots. 
Location - 2nd floor of Schon Business Park. Offices have a great view and
are considered as premium units.
Total area - 13,708 Sq. ft.
Bought in April 2007
Original Price - AED 750/sqft (total AED 10,281,000)
Sales Price (all in) - AED 700/sqft (total AED 9,595,600)
25% paid
25% due now
50% due on completion (Apr 2010)
Construction has started (can be verified)

About project:
http://www.schonproperties.com/home/featured_projects/schon_business_park.as
px

 

PAYMENT PLAN:

Now: AED 4,455,100

On completion (spring 2010): AED 5,140,500

 

With very best regards

 

Margus Kaosaar

 

Zion Real Estate

 

Mob: +971 50 2823092

Tel: +971 4 4301073

e-mail: mar...@zion.ae

 


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