Thursday, July 28, 2005
Jim and I rose early this morning to go to our first "property launch" at Al Saheel in Arabian Ranches. This project was unique because they are actually selling homes that are already built (I know, it seems like common sense to me, but this is not the norm for Dubai). So we are pretty excited, but skeptical too. I, for one, am not thrilled with the idea of buying a "moon house" and possibly having to face living in it for the next 5 years!
posted by KKT at 5:58 PM
Moon House: Large, concrete structure, resembling a Lego with windows, with a sand garden, and in one of five shades of Blah, all lined in rows, approximatley 10 feet from one another.
Right. So coming out of the gate I wasn't thrilled, but we thought we'd look at it as an investment because buying property without a premium is rare here. By this point, it's hard to put your girly, nesting instincts aside and look at buying a home more like buying cattle - like meat to resell or eat at a later date.
We go into this white tent with chandeliers and catered coffee, juice, and scones and take a seat amongst the 200 chairs and wait for the lady in the front to call our number (81). We get called and about 90 minutes after arriving, we are seated in front of an Arabic woman, with floorplans and site map and are selecting our plot. We choose the biggest plot with the biggest floorplan, thinking surely some Arab with his 10-person family would love to have this. The numbers look good, so we call the money guy in Holland to be sure our transfer would be in our Dubai bank account in time for this fat down payment check to clear. He thinks it will miss it by a day and the developer isn't willing to hold it for a day...
So we pick up our fat check, our floor plans, and calmly walk out.
After about 30 seconds of disappointment, I felt quite relieved to not be a proud new owner of a Moon House in the Desert.