Final phase sales of Ritaj
November 26, 2008 by UAERush
Dubai Investments Real Estate Company (DIRC) announced yesterday sales of the last phase of the Ritaj community in association with Gowealthy.com
The construction of Ritaj is according to schedule and will be finished within June 2009. The project comprises 360 studio units with apartments starting at just AED 498,000 and a down payment of 2.5%.
Peter Penhall, CEO, Gowealthy.com said:
“Buying property under the prevailing market conditions is definitely a major decision for prospective home-owners, especially newly-weds and small families who are probably more uncertain now than ever. At an advanced stage of construction, Ritaj is the ideal opportunity for this home-buying segment with its combination of affordability and special mortgage assistance.”
Well said - Buying property under the prevailing market conditions is definitely a major decision for prospective home-owners.
Look property prices are falling everywhere in the world and Dubai Real Estate is no expection to this. We must also admit that the vaulations were too high and when major financial institutions of the world went bust the ripples would have inevitably led to this condition.