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-   -   market rates for a 2 bed flat in AD (https://britishexpats.com/forum/middle-east-60/market-rates-2-bed-flat-ad-571591/)

Foxes Nov 6th 2008 6:08 pm

market rates for a 2 bed flat in AD
 
hi there - i am getting conflicting info in relation to the current market rate for renting a 2 bed flat ( 900 sq ft, 1 guaranteed car parking space )in a brand new development/tower overlooking the corniche/emirates palace in Abu Dhabi.

what do you think would be a 'reasonable' rent amount in this mad market ?! am getting figure thrown at me of 240k to 320k...:eek:

Grace O Malley Nov 7th 2008 8:52 am

Re: market rates for a 2 bed flat in AD
 

Originally Posted by Foxes (Post 6947069)
hi there - i am getting conflicting info in relation to the current market rate for renting a 2 bed flat ( 900 sq ft, 1 guaranteed car parking space )in a brand new development/tower overlooking the corniche/emirates palace in Abu Dhabi.

what do you think would be a 'reasonable' rent amount in this mad market ?! am getting figure thrown at me of 240k to 320k...:eek:

Hi Foxes

I hate to say it but i am thinking more near the 300 mark, crazy....

Duracell_Bunny Nov 7th 2008 8:25 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by annacarna (Post 6949076)
Hi Foxes

I hate to say it but i am thinking more near the 300 mark, crazy....


F****** Hell :eek:

Are people actually prepared to pay for this, how much do they get paid?

That comes to over £45,000 P/A.

NoughtyBoy Nov 7th 2008 8:48 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by annacarna (Post 6949076)
Hi Foxes

I hate to say it but i am thinking more near the 300 mark, crazy....

mmm i dont know exactly...i just left AD 5 months back to dubai
and it was like one bed room inside the city in a good tower with no parking reserved around 140k
so 2 bed rooms 900sf is quiet tight not that much space) on the cornich with one parking suppose to be maximum 240k ... to be sure more about the market prices ...check in the gulf news so you will have an idea about the rents

busybee2 Nov 8th 2008 1:19 pm

Re: market rates for a 2 bed flat in AD
 
dont believe the rates in the newspaper they are true

busybee2 Nov 8th 2008 1:21 pm

Re: market rates for a 2 bed flat in AD
 
the brand new developments opp emirates palace, are still concrete shells....!

Grace O Malley Nov 8th 2008 4:44 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by Duracell_Bunny (Post 6951279)
F****** Hell :eek:

Are people actually prepared to pay for this, how much do they get paid?

That comes to over £45,000 P/A.

I would imagine the company pays! But how long companies can carry on paying that is the question

Grace O Malley Nov 8th 2008 4:45 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by NoughtyBoy (Post 6951353)
mmm i dont know exactly...i just left AD 5 months back to dubai
and it was like one bed room inside the city in a good tower with no parking reserved around 140k
so 2 bed rooms 900sf is quiet tight not that much space) on the cornich with one parking suppose to be maximum 240k ... to be sure more about the market prices ...check in the gulf news so you will have an idea about the rents

5 months ago 240 then def now nearer the 300 as i said

Grace O Malley Nov 8th 2008 4:46 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by busybee2 (Post 6953043)
the brand new developments opp emirates palace, are still concrete shells....!

I wonder how much they will go for

Eva Nov 8th 2008 4:54 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by annacarna (Post 6953409)
I wonder how much they will go for

I'm told Etihad Tower is quite well up and on schedule....my invoices seem to say so!!!

400 upwards depending on sq m, frontline view etc.....

Grace O Malley Nov 8th 2008 5:17 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by Eva (Post 6953419)
I'm told Etihad Tower is quite well up and on schedule....my invoices seem to say so!!!

400 upwards depending on sq m, frontline view etc.....

wow but what a view!

Eva Nov 8th 2008 5:20 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by annacarna (Post 6953462)
wow but what a view!

Stunning isn't it.Thought the best was from 24th in ADIA Building over Lulu Island but this sees so all the way down and across.
At a price of course.Ouch!.

Grace O Malley Nov 8th 2008 5:36 pm

Re: market rates for a 2 bed flat in AD
 

Originally Posted by Eva (Post 6953469)
Stunning isn't it.Thought the best was from 24th in ADIA Building over Lulu Island but this sees so all the way down and across.
At a price of course.Ouch!.

absolutely at night, really very pretty!

Foxes Nov 10th 2008 5:25 am

Re: market rates for a 2 bed flat in AD
 
thansk everyone for your views - it is mind boggling the level of rents - seem to be exceeding Dubai prime areas imo...


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