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jumeirah beach residence

jumeirah beach residence

Old Apr 15th 2007, 7:41 am
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Default jumeirah beach residence

http://www.gulfnews.com/business/Rea.../10118401.html

in todays gulf news

BC
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Old Apr 15th 2007, 7:48 am
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Default Re: jumeirah beach residence

Originally Posted by Blue Cat View Post
an interesting read (im sure i am meant to be working!!) but i dont really think it will halt the rental prices let alone reduce them

hope im wrong, my rent is up in december
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Old Apr 15th 2007, 7:49 am
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Default Re: jumeirah beach residence

Originally Posted by arbroath_abroad View Post
an interesting read (im sure i am meant to be working!!) but i dont really think it will halt the rental prices let alone reduce them

hope im wrong, my rent is up in december
I think it will affect stuff in the marina area but no anywhere else. Your rent can only go up 15%. We are lucky ours will stay at 85k for two years cos of the new rent laws.
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Old Apr 15th 2007, 11:36 am
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Default Re: jumeirah beach residence

Originally Posted by arbroath_abroad View Post
an interesting read (im sure i am meant to be working!!) but i dont really think it will halt the rental prices let alone reduce them

hope im wrong, my rent is up in december
Difficult to say. Depends who really owns them. If the property has been financed by mortgage, then they may not be so choosy and would probably want to rent it out quickly.

Wonder what the new rent laws would be in 2008? I am certainly not signing a new contract in 2007 (mine is up in 12/07, but the landlord send the contract in Oct!) unless I know the new rent laws. 95% of the tenants in my building accepted their new contract (up 20% ) in Oct 2006 and are now paying exhorbitant rents - no protection by the cap.

Its quite crazy for the same apartment in my building we have rents ranging from 70k to 120k
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Old Apr 15th 2007, 11:42 am
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Default Re: jumeirah beach residence

All the investers cash is now moving to sports city, the guys have made their cash on JBR and are now looking at 50% down (over stages), and rental returns of 15%/annum on the hotel apartments.

Minimum

Guaranteed.
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Old Apr 15th 2007, 11:50 am
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Default Re: jumeirah beach residence

Originally Posted by MJC View Post
Minimum

Guaranteed.
You haven't said FACT

So who is guaranteeing the returns
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Old Apr 15th 2007, 11:53 am
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Default Re: jumeirah beach residence

okay - sports city - I wouldn't put a fil there now, they haven't even tied up the financing for the project.

FACT
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Old Apr 15th 2007, 11:55 am
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Default Re: jumeirah beach residence

Originally Posted by IndieGirl View Post
okay - sports city - I wouldn't put a fil there now, they haven't even tied up the financing for the project.

FACT
I wouldn't buy anywhere here full stop.
FACT!
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