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Best Time to Buy a Condo Hotel

  Q. When is the best time to buy a condo hotel unit? Should I wait until the property is built so I can see what I'm buying?

A. Most condo hotels sell out long before construction is complete. The best time to buy a condo hotel unit is in early pre-construction phases. Why? Because that's when prices are lowest and selection is greatest.

It is not unusual to see five to 10 increases totaling 30%, 40% or more from the beginning of the selling process through sellout. Those buyers who get in early see the greatest appreciation in their investment.

The above question was submitted via e-mail by a visitor to The answer was prepared by Joel Greene, a licensed real estate broker, who specializes in condo hotels and the Dubai real estate market.

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