Dubai Rent Increases
Aug 13th 2012, 4:45 pm
#16
Just Joined
Joined: Aug 2012
Posts: 3
Re: Dubai Rent Increases
Hi Bunjiman
definately interested in the furnishings etc, and maybe the apartment too, still cannot pm yet as still a newbie. pm me your details and i'll come see.
thanks
definately interested in the furnishings etc, and maybe the apartment too, still cannot pm yet as still a newbie. pm me your details and i'll come see.
thanks
Aug 13th 2012, 5:40 pm
#18
Just Joined
Joined: Aug 2012
Posts: 3
Re: Dubai Rent Increases
thanks patsy
Aug 14th 2012, 7:10 am
#19
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Dubai Rent Increases
Actually, it's not really that enforceable. Especially if you have been in the place more than two years. A friend spoke with RERA and they basically said 'sort it out amongst yourselves - you can't force him to rent to you'. You can only do what you did - refer them to the website and hope they just accept it.
But Kitty - yes, do push back. Worth a shot.
As for the rents, they are are going up. I'm moving and am going through all of this right now - my observation is that rents (in the ranches at least) have increased between 10-20% over the last 2 years. On what basis I have no idea.
But Kitty - yes, do push back. Worth a shot.
As for the rents, they are are going up. I'm moving and am going through all of this right now - my observation is that rents (in the ranches at least) have increased between 10-20% over the last 2 years. On what basis I have no idea.
Bizarrely, Ranches residents stubbornly stay there even though it's so far out. I suspect many are Repton parents, and it's convenient for the school run.
Aug 14th 2012, 7:24 am
#20
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Dubai Rent Increases
A Ranches resident known to me personally claims the rents there have gone back up to 'pre-slump levels' which is ridiculous. I suppose if it's full (no idea if it is) that might encourage a bit of a push but people can always move. Trouble is - they don't want to.
Bizarrely, Ranches residents stubbornly stay there even though it's so far out. I suspect many are Repton parents, and it's convenient for the school run.
Bizarrely, Ranches residents stubbornly stay there even though it's so far out. I suspect many are Repton parents, and it's convenient for the school run.
I rented a place in Sept. 2010 - peak of the slump for 160k on four cheques. The neighbours paid 175k, and 155k respectively. I'm moving (tomorrow) to a near identical house and am paying 170k... on 2 cheques. It's a case of fighting hard. That said, I have seen places which I was offered for 160k two years ago now being marketed at 220k. That is insane, and some mugs are taking them... newbies, or those on corporate plans who don't actually care - so yes, some boom time pricing is occurring.
Supply is quite tight, but with a zillion villas in Barsha and next door coming in the next 6 months or so, it can't last. We are only staying as it's halfway between the school and the office. If we have to move next year, I doubt we will stay in the Retches.
Speaking to my agent she agrees with me that come next month we will see a reversal.
Aug 15th 2012, 12:27 pm
#23
banned
Joined: Oct 2008
Posts: 7,611
Re: Dubai Rent Increases
Not near pre-slump levels but increasing for sure...
I rented a place in Sept. 2010 - peak of the slump for 160k on four cheques. The neighbours paid 175k, and 155k respectively. I'm moving (tomorrow) to a near identical house and am paying 170k... on 2 cheques. It's a case of fighting hard. That said, I have seen places which I was offered for 160k two years ago now being marketed at 220k. That is insane, and some mugs are taking them... newbies, or those on corporate plans who don't actually care - so yes, some boom time pricing is occurring.
Supply is quite tight, but with a zillion villas in Barsha and next door coming in the next 6 months or so, it can't last. We are only staying as it's halfway between the school and the office. If we have to move next year, I doubt we will stay in the Retches.
Speaking to my agent she agrees with me that come next month we will see a reversal.
I rented a place in Sept. 2010 - peak of the slump for 160k on four cheques. The neighbours paid 175k, and 155k respectively. I'm moving (tomorrow) to a near identical house and am paying 170k... on 2 cheques. It's a case of fighting hard. That said, I have seen places which I was offered for 160k two years ago now being marketed at 220k. That is insane, and some mugs are taking them... newbies, or those on corporate plans who don't actually care - so yes, some boom time pricing is occurring.
Supply is quite tight, but with a zillion villas in Barsha and next door coming in the next 6 months or so, it can't last. We are only staying as it's halfway between the school and the office. If we have to move next year, I doubt we will stay in the Retches.
Speaking to my agent she agrees with me that come next month we will see a reversal.
Aug 15th 2012, 4:51 pm
#24
Token Scandinavian Bloke
Joined: Jun 2009
Location: Dubai
Posts: 2,820
Re: Dubai Rent Increases
Not near pre-slump levels but increasing for sure...
I rented a place in Sept. 2010 - peak of the slump for 160k on four cheques. The neighbours paid 175k, and 155k respectively. I'm moving (tomorrow) to a near identical house and am paying 170k... on 2 cheques. It's a case of fighting hard. That said, I have seen places which I was offered for 160k two years ago now being marketed at 220k. That is insane, and some mugs are taking them... newbies, or those on corporate plans who don't actually care - so yes, some boom time pricing is occurring.
Supply is quite tight, but with a zillion villas in Barsha and next door coming in the next 6 months or so, it can't last. We are only staying as it's halfway between the school and the office. If we have to move next year, I doubt we will stay in the Retches.
Speaking to my agent she agrees with me that come next month we will see a reversal.
I rented a place in Sept. 2010 - peak of the slump for 160k on four cheques. The neighbours paid 175k, and 155k respectively. I'm moving (tomorrow) to a near identical house and am paying 170k... on 2 cheques. It's a case of fighting hard. That said, I have seen places which I was offered for 160k two years ago now being marketed at 220k. That is insane, and some mugs are taking them... newbies, or those on corporate plans who don't actually care - so yes, some boom time pricing is occurring.
Supply is quite tight, but with a zillion villas in Barsha and next door coming in the next 6 months or so, it can't last. We are only staying as it's halfway between the school and the office. If we have to move next year, I doubt we will stay in the Retches.
Speaking to my agent she agrees with me that come next month we will see a reversal.
Aug 15th 2012, 6:08 pm
#25
BE Forum Addict
Joined: Apr 2007
Location: Dubai
Posts: 4,403
Re: Dubai Rent Increases
