Rents in 2007
Aug 2nd 2006, 1:09 pm
#1
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Joined: May 2005
Posts: 29
Rents in 2007
What do you think will be happening to rents in 2007? I personally think rents for villas are either going to remain at current levels or increase, whereas rents for apartments will fall due to the flood of ones being released in the Marina and Jumeira Beach Residence. Of course, this could just be b*llocks and we might see rents rise up by another 30% on the back of a similar increase this year :scared:
Aug 2nd 2006, 5:22 pm
#2
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Re: Rents in 2007
if - as in the case of the Marina - speculators (who make up most of the market here) leave their block purchases empty and few apartments make it onto the rentals market.
Then apartment rentals won't fall
Then apartment rentals won't fall
Aug 2nd 2006, 5:45 pm
#3
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Joined: Jul 2004
Location: currently Dubai, ex UK
Posts: 4,582
Re: Rents in 2007
Originally Posted by W10
if - as in the case of the Marina - speculators (who make up most of the market here) leave their block purchases empty and few apartments make it onto the rentals market.
Then apartment rentals won't fall
Then apartment rentals won't fall
Leveling off is possible but only after a while. Falling rents will be a culture shock that Dubai doesn't want to face quite yet even though 80% of population does...
Aug 2nd 2006, 6:37 pm
#4
Soupy twist
Joined: Dec 2004
Posts: 2,271
Re: Rents in 2007
There's a school of thought that holds that ratification of the property law will give the green light to foreign organisations of some description (property trusts? Can't remember) to enter the market and buy up the speculators' stock, for the specific purpose of making money by getting tenants in to them.
