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Buy an apartment, get a free Lamborghini

This topic contains 3 replies, has 4 voices, and was last updated by Profile photo of DavidS DavidS 8 months, 3 weeks ago.

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  • #134099
    Profile photo of W-K
    W-K
    Participant

    Just been sent this link from a friend who works in Dubai. Buy a penthouse and get a Lamborghini Aventador free. Other properties the offer is for BMW’s or Mini’s.

    http://www.emirates247.com/news/emirates/buy-a-penthouse-in-dubai-and-get-a-2014-lamborghini-aventador-free-2014-01-02-1.533293

    #247935
    Profile photo of andae23
    andae23
    Participant

    I’ll have the Aventador please, with a medium coke and French fries.

    #247936
    Profile photo of GeeMac
    GeeMac
    Participant

    As a Dubai resident, I have to say that Damac, the developer offering this ridiculous scheme, is rubbish and its buildings are rubbish too. Damac recently listed on the London Stock Exchange hoping to raise $500 million but only managed to raise in the region of $350 million. Poor show from a property developer in a region which is undergoing a property boom. It isn’t government backed though which probably goes someway towards explaining the poor response, but being government backed doesn’t guarantee success, just ask that other famous Dubai property developer Nakheel.

    Oh, and another property bubble is building and is doing so rapidly.

    #247937
    Profile photo of DavidS
    DavidS
    Participant

    In other words, the properties asking price is at least the value of the car over what the value of the the property is.
    It’s a good way of artificially inflating prices. A $3 million penthouse may sell foe $4 million. Other people buying later will pay $4 million because thats what everybody else in the area has paid. Yay for property bubbles.

    On a side note, the front page of that news website has a story about it actually raining in the UAE, like it’s a freak occurrence.

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