How Oleg sold his condo on Bluewaters. When you know the market like the back of your hand

In the early summer of 2024, an outside broker wrote to Oleg offering to buy a 1st floor condo on Bluewaters next to the BBQ area and promenades. It's not the most desirable option. The terrace is translucent from the yard - and looks like a nudist on a public beach. And it takes a special approach to selling lots like this.

How much was wanted: Dh7.5 million.

How much Oleg was willing to pay: 6 million dirhams.

The skill of waiting for a pause

Oleg said he wouldn't buy anything over 6 million. A month went by, another month went by. The price went down to 7 million, then to 6.8 million, until it dropped to 6 million dirhams. Again a message from that broker - 6 million, will you buy? And in August we signed the deal. And started renovating the apartment according to Oleg's flipping standards.

Resale eight months later

Terrace was hidden from view with abundant greenery. They added coziness, new furniture and decor. After the upgrade, Oleg put the apartment on the market for Dh8.8 million. It was clear that the apartment would not sell immediately, and a special client would come for it. And so it was, in the fall the offer came in - 8.3 million dirhams.

From a client who was already living in the building and was looking for an apartment for his guests and relatives to sleep nearby. The client was looking for a lot in the same house. Sea views were not important, unlike the price. And Oleg's apartment was 25% cheaper than the view options. And in the spring we signed the deal.

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