"Dubai residential rents to drop further": CBRE Report
Jun 7th 2010, 12:27 pm
#16
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: "Dubai residential rents to drop further": CBRE Report
210? That's expensive for Business Bay. 210 is the asking rent for a 3 bed + maid's in the Burj Residences overlooking the Dubai Mall lake (in Downtown Burj Dubai, ahem, Khalifa, which is separate from Business Bay according to real estate terminology and the ever so clever refusal to allow a direct road access between Emaar's beloved Downtown and the rest of Business Bay).
3 bed + maids in Executive Towers are around 100K.
3 bed + maids in Executive Towers are around 100K.
Jun 7th 2010, 3:45 pm
#17
BE Forum Addict
Joined: Apr 2007
Location: Dubai
Posts: 4,403
Re: "Dubai residential rents to drop further": CBRE Report
Jun 8th 2010, 4:05 am
#18
Wannabe Cycling God
Joined: Jul 2009
Location: West Kensington, Dubai
Posts: 1,157
Re: "Dubai residential rents to drop further": CBRE Report
FWIW - Some close friends of mine have just moved within Al Safa 2 (Near Spinneys, Al Wasl Road). They previously paid 230k for a 4 bed villa on a small plot and have now taken a five bed detached villa with large pool for 175k.
I have just had a couple of days off and whilst driving around doing various errands, I cannot believe how many "to let" signs there are in this area.
Additionally, I know of 4 families moving out of Dubai this month from Jumeriah/Umm Suqueim area during June/July (2 to Qatar, 1 back to UK, and 1 to US).
Rents are definitely going down before they go up.
TIP - Avoid the agents who chase the largest commissions and take a drive around your chosen location and look for "to let" signs; after 12 years and 4 villas, I have always found this to be the best way to find homes.
Good luck to all house hunters.
I have just had a couple of days off and whilst driving around doing various errands, I cannot believe how many "to let" signs there are in this area.
Additionally, I know of 4 families moving out of Dubai this month from Jumeriah/Umm Suqueim area during June/July (2 to Qatar, 1 back to UK, and 1 to US).
Rents are definitely going down before they go up.
TIP - Avoid the agents who chase the largest commissions and take a drive around your chosen location and look for "to let" signs; after 12 years and 4 villas, I have always found this to be the best way to find homes.
Good luck to all house hunters.
Jun 8th 2010, 4:13 am
#19
BE Forum Addict
Joined: Aug 2008
Location: Far from home!
Posts: 1,024
Re: "Dubai residential rents to drop further": CBRE Report
Be careful about getting too close to SZR! It is extremely noisy 24 hours a day! My daughter lives overlooking it from the 18th floor and it is quite noisy inside even with all the windows securely closed!! This is in the most congested area.
Jun 8th 2010, 11:20 am
#20
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: "Dubai residential rents to drop further": CBRE Report
FWIW - Some close friends of mine have just moved within Al Safa 2 (Near Spinneys, Al Wasl Road). They previously paid 230k for a 4 bed villa on a small plot and have now taken a five bed detached villa with large pool for 175k.
I have just had a couple of days off and whilst driving around doing various errands, I cannot believe how many "to let" signs there are in this area.
Additionally, I know of 4 families moving out of Dubai this month from Jumeriah/Umm Suqueim area during June/July (2 to Qatar, 1 back to UK, and 1 to US).
Rents are definitely going down before they go up.
TIP - Avoid the agents who chase the largest commissions and take a drive around your chosen location and look for "to let" signs; after 12 years and 4 villas, I have always found this to be the best way to find homes.
Good luck to all house hunters.
I have just had a couple of days off and whilst driving around doing various errands, I cannot believe how many "to let" signs there are in this area.
Additionally, I know of 4 families moving out of Dubai this month from Jumeriah/Umm Suqueim area during June/July (2 to Qatar, 1 back to UK, and 1 to US).
Rents are definitely going down before they go up.
TIP - Avoid the agents who chase the largest commissions and take a drive around your chosen location and look for "to let" signs; after 12 years and 4 villas, I have always found this to be the best way to find homes.
Good luck to all house hunters.
Jun 8th 2010, 11:21 am
#21
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: "Dubai residential rents to drop further": CBRE Report
Don't worry Mr Smith... the misses underwrites my stupidity all the time. No way we will be living near that road!
Jun 8th 2010, 11:30 am
#22
Account Closed
Joined: Oct 2008
Posts: 2,502
Re: "Dubai residential rents to drop further": CBRE Report
I second Shed. You will find that if you deal with an agent (particularly a non-western agent) and make an offer below the asking rent, the agent will automatically say no without even bothering to check with the landlord first. While most agents are cretins, non-western agents, especially Indian/Pakistani ones, are particularly bad.
Drive around, check out the numbers outside villas to rent, and call.
Drive around, check out the numbers outside villas to rent, and call.
