I was seriously thinking to invest in the corporate offices project offered by al-ghurair giga ltd in world trade center but i do not have any idea about its prospects and subsequent market value
Umar, wtc is a landmark project from alghurair giga, strategically located in DHA-II facing gt road. Despite its big name and unique design, the project has suffered heavily due to delays. Reportedly due to losses incurred to the group in dubai during 2009 property crash. Since then, alghurair has focused attention to other smaller residential and commercial towers in the surrounding. Now that all impediment have been removed from wtc launch, it has been strategically put on back burner to wait out Centaurs' hype, I am told by an official. Now the group wants to launch floor by floor. Negotiations are underway to attract top international brands. Offices will come at the end, possibly in 2017, if one can make a wild guess. But they have to play smarter to win the race of mega-malls, as other contenders, most notably mall of Islamabad and other high rise will continue to put this world's famous franchise in shadow. Wtc belongs to a different league, it's name is too big to loose competition to newbies.
On the other hand, 12000 per sqft office, that sounded exuberant at release is going to look cheaper after new price tags of MoI for instance. Not a bad investment Umar, if you can wait for 3 to 4 years.
Saadi what's your take on this.
@ isloo sb…Sir you are right its a good investment if one can wait…btw residential plots are best investment in dha 2.