Aquí tenemos los comentarios mas interesantes de un hilo sobre Marina Square, lo cierto es que desde finales de 2011 no se habla casi nada, claramente veo una capitulación! He encontrado compradores en la zona y están muy pesimistas y quieren vender!
Inicialmente los precios pre-sales eran de 1000-1400 AED Sqr ft, normalmente pre-sales es un 15-20% mas barato que comprar construido, los especuladores que compraron en pre-sales empezaron a vender y comprar como locos cambiando de manos, los precios se duplicaron e incluso mas! Actualmente las mejores unidades con mejores vistas se venden por 900 AED sqr-ft, los alquileres han bajado a la mitad, hay un montón de vendedores en el mercado, no hay crédito y los compradores no están interesados, los especuladores han salido escaldados!
Creo que es el momento de buscar algún vendedor muy desesperado y comprar barato, esta es una inversión a largo plazo, la especulación loca no volverá pronto, pero la demanda de alquiler esta ahí, yo mismo lo he vivido.
Es curioso ver en los momentos de la locura especulativa en 2008, cuando ya se sabia que muchos mercados inmobiliarios del mundo se estaban enfriando, como los especuladores compraban y vendían a precios ridículos, un proyecto que no estaba casi ni empezado.
Actualmente es un buen lugar para vivir, excelente, las calidades no son las mismas en todos los edificios, hay que tener cuidado, comprar en pre-sales es peligroso, la gente ha tenido su dinero parado durante 6 años para encontrar que han perdido dinero y los alquileres han caído muchísimo, ahora nadie quiere saber del lugar, y yo creo que se equivocan, en 10 años Al Reem island será un lugar increíble y ya mismo es uno de los mejores lugares de Abu Dhabi para vivir, además a buen precio, por 150-200 mil euros puedes tener una propiedad de lujo, en uno de los mejores lugares de Abu Dhabi y con vistas al mar, playa y puerto marítimo al lado, centro comercial con cines a pie de edificio y el centro de Abu Dhabi a 5 minutos en coche... El nuevo centro financiero esta siendo construido en la isla de al lado Sowwah island y ya esta muy avanzado.
Los alquileres no deberían de bajar mucho mas, el GDP de UAE sube constantemente y hay mucho trabajo bien pagado, Abu Dhabi ofrece sueldos superiores a UK o New York y son libres de impuestos, la gente puede pagar los alquileres actuales sin problema, el problema es que han construido demasiado, pero eso frenara en breve!
Durante la segunda parte del 2012 habrá un montón de viviendas que entraran en el mercado y estoy seguro de que muchos especuladores escaldados las pondrán a la venta, yo creo que será el momento de entrar fuerte a regatear.
Todavía recuerdo como hace solo unos días vía una propiedad en Ocean Terrace y me pidieron por ella 2.3 millones de AED cuando una idéntica en otra planta se vende por 0.88 millones! Eso ha sido el producto de esta fiebre especulativa! Ahora se trata de hacer números a largo plazo, una propiedad comprada por 800K y alquilada por 80K anuales es algo factible, quitemosle gastos de mantenimiento etc... Nos queda un neto de 7-8% para una propiedad de lujo nueva, en una localización exepcional, por supuesto es una inversión que no esta exenta de riesgos, como ninguna, pero es sin duda una inversión contrarian!
January 25th, 2006
Called their sales office...
2BR from 1700 ft², 1.9MM to 2.3MM
3BR from 2238 ft², 2.6MM to 3.0MM
3BR from 2238 ft², 2.8MM to 3.2MM
5% with booking
10% on 1 month
15% every 6 months
25% on handover
Completion mid 2008
They are already doing piling (can see it out the window) and will open a sales office on the island shortly. Starting prices seem comparable with top end prices for Dubai marina towers. Seems expensive...
June 11th, 2006
Abu Dhabi-based developer, Al Tamouh Investments, is expected to award the main construction package on its US $111 million (AED408 million) Ocean Terrace project on Al Reem Island in Abu Dhabi this week.
The island developments will spread over an area of approximately 9 million m2, and will house about 100,000 people. Located 300m offshore, Ocean Terrace will eventually be linked to Abu Dhabi by three bridges.
June 13th, 2006
wow! talk about pure waterfront property... I dont think any current tower in Dubai under construction comes that close to shoreline to provide pure 100% unblocked sea view....expect this one to be sold out quickly.. especially with first gulf bank being a reliable developer....
June 14th, 2006
These appartments may sell quickly because they are among the first to be sold in Abu Dhabi, but they are overpriced. I was looking at the 3 bedroom appartments, which were on sale for 3.6m - about twice that of a similar propoerty in Dubai - and equivalent to an annual rental of 360k which is twice the market rate in AD. And that is without a guaranteed residency permit!!
I can only assume that they are trying to make a quick buck by selling to rich locals on novelty value - there is no way that they will attract foerigners at that price.
November 20th, 2006
Sorouh unveils Tala Tower project
Sorouh Real Estate yesterday unveiled a new residential tower project to be built on Reem Island.
The luxurious 49-floor Tala Tower will be located on Marina Square facing Abu Dhabi Mall.
The Tala Tower will have 49 floors and 375 apartments of one, two and three bedrooms. The Sorouh presentation at the press conference said the prices of these apartments will be in the range of Dh812,596 to Dh968,576 for one-bedroom, Dh1.3 million to 1.55 million for a two-bedroom and Dh1.9 million to 2.16 million for a three-bedroom apartment. The size of the apartments range from 81 square metres to 180 square metres.
February 22nd, 2007
"Abu Dhabi's market is stable, offers competitive prices not buoyed by speculation, and is rapidly coming into favour as a lucrative investment environment.
Al Reem Island, situated north-east of the UAE capital, is one of the zones designated for investment by foreigners, and will soon be one of the premier residential and commercial centres in the country.
The island covers over 6.5 million square metres of land, of which Tamouh Investments will develop 60 per cent, Sorouh 20 per cent and Reem Investments the remaining 20 per cent.
The Island's master plan hosts over 200 towers, with development to be carried out in multiple phases all the way up to 2023. It will eventually accommodate over 200,000 inhabitants living and working on the island.
May 13th, 2008
I saw the tower presented on Cityscape, perhaps can add all the pictures from this show in this forum. This tower went for 2300 per sqft + 5% premium during Cityscape
May 14th, 2008
No doubt this will affect pricing of the other towers next to it. Marina Blue was going for AED1600 psf 3 weeks ago! I wish I had bought then...:(
March 24th, 2009
The web page has been updated as of 19th March 2009............all seems to be going OK with a completion date set for the end of 2009.
May 26th, 2009
Some updates from a few days ago. At least Marina Square will continue on Al Reem, many others are delayed or cancelled. According to Real Estate Bank, the Al Maha Tower will be ready around April 2010
March 30th, 2010
Reem Island master developer Tamouh will start handing over the first phase of its Marina Square development in May this year.
August 12th, 2010
Abu Dhabi: As the apartments in Marina Square on Reem Island get ready for handover, there's every chance they would emerge as the costliest in Abu Dhabi's rental market. Currently, top-of-the-line rentals for a two-bedroom apartment on the corniche would be between Dh210,000 to Dh230,000 a year.
"We believe rents will be anywhere up to 10 per cent above those for similar apartments on the Corniche on Abu Dhabi island," said Andrew Laver, manager for valuation and advisory at Chesterton International
September 2nd, 2010
Holy cow.....6 more months!!!!
i was thinking they will surely have to be handing over post EID or October at the earliest
people will be getting pretty unimpressed if it is six months!!!
September 16th, 2010
We just leased 6 three-bedroom apartments for our middle level management on Corniche with amenities (swimming pool and gym) at AED210,000 each. We found lot of offers before closing on the deal and only Khalidiyah Palace was around those rates. The rest of the market is coming down very quickly.
Only time will know if we are correct in reducing our exposure to Abu Dhabi and investing in Spain and Greece.
Marina Square also has fair few issues with quality, entry experience and layouts. It is one thing on the paer, it is another when you look at it in reality.
Yet, if you buy as an end user, the savings are tremendous as against paying rent, which just goes down the hole.
There is lot of supply in the market and it continues to increase. The question we have is "where are the people coming from"?
The same question was asked in Dubai, yet Abu Dhabi has multiple infrastructure projects in the pipeline which will bring in engineers, but very few will earn above AED40,000. Majority will fall within the range of AED20,000 to AED30,000 and they surely cannot afford to rent at AED17,500 / month. If anybody has thoughts on which sector is creating jobs that will allow the employees to pay these rents please let me know.
October 12th, 2011
Could somebody highlight which tower on Marina Square is handed over to owners?
Las propiedades se han entregado a finales de 2011 en algunos casos y en otros se siguen entregando y seguirán durante los próximos meses, todavía queda! Los precios bajan, la demanda de alquiler es fuerte, aunque los alquileres bajaron bastante, yo diría que la demanda de alquiler esta estable, aunque con la entrada de nuevos edificios en el mercado puede caer mas todavía.
Si os ha resultado interesante aquí tenéis conversaciones sobre RAK Tower en Marina Square: RAK Tower
