And the rents keep dropping....... :)
Apr 16th 2009, 12:37 am
#1
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Joined: Dec 2008
Location: Dubai/Glasgow
Posts: 328
And the rents keep dropping in DXB :)
Springs villas now @80k!!!!!! (and dropping??) Dubizzle is great!
http://www.dubizzle.com/search/menu/...esearch=SEARCH
TECOM 1 bed @50-60k max
Greens 1 bed @57-65k
marina 1 bed from 55k+
JLT 1 bed from 50k
In the springs there was one or two in the past month or so hovering around 85-95k and the average for a 4E/4M was 100k but now it seems there are a lot for 80K.
And we still have the summer to come.
I know these areas arent everyones cup of tea but for us commoners things are looking better.
Sorry for the guys who paid over the odds but im so glad i have held off. however, this time out i think i need to seal the deal. Getting sick of living like a vagrant!
http://www.dubizzle.com/search/menu/...esearch=SEARCH
TECOM 1 bed @50-60k max
Greens 1 bed @57-65k
marina 1 bed from 55k+
JLT 1 bed from 50k
In the springs there was one or two in the past month or so hovering around 85-95k and the average for a 4E/4M was 100k but now it seems there are a lot for 80K.
And we still have the summer to come.
I know these areas arent everyones cup of tea but for us commoners things are looking better.Sorry for the guys who paid over the odds but im so glad i have held off. however, this time out i think i need to seal the deal. Getting sick of living like a vagrant!
Last edited by StublueKPL; Apr 16th 2009 at 2:10 am.
Apr 16th 2009, 2:28 am
#2
Concierge
Joined: Feb 2007
Posts: 29,625
Re: And the rents keep dropping....... :)
this is great news for those of us hunting for a new pad, not so great for those who invested in the last 18 months and needed the inflated prices to keep a roof over their heads though 
still we are out to bag ourselves a nice bargain too 
still we are out to bag ourselves a nice bargain too
Apr 16th 2009, 3:19 am
#3
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Re: And the rents keep dropping....... :)
Apr 16th 2009, 12:13 pm
#6
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Joined: Nov 2007
Posts: 138
Re: And the rents keep dropping....... :)
I'm just waiting for the same thing to happen in Abu Dhabi late summer! I think its about to happen here.
Apr 16th 2009, 12:21 pm
#7
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Location: Khaladiya Abu Dhabi
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Re: And the rents keep dropping....... :)
Everyone is under the impression that there will be a mass exodus of expats once the school term finishes but I wouldn't be so sure. As far as i know none of my sons friends, year group are leaving.
I would love to move, but the prices are pretty much the same as they were 6 months ago
Apr 16th 2009, 5:07 pm
#8
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Joined: Feb 2009
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Re: And the rents keep dropping....... :)
Dont think so Niddy, there is still a huge shortage. When all the new towers go up, maybe.
Everyone is under the impression that there will be a mass exodus of expats once the school term finishes but I wouldn't be so sure. As far as i know none of my sons friends, year group are leaving.
I would love to move, but the prices are pretty much the same as they were 6 months ago
Everyone is under the impression that there will be a mass exodus of expats once the school term finishes but I wouldn't be so sure. As far as i know none of my sons friends, year group are leaving.
I would love to move, but the prices are pretty much the same as they were 6 months ago
Apr 16th 2009, 6:27 pm
#9
Lost in BE Cyberspace
Joined: Aug 2007
Posts: 7,646
Re: And the rents keep dropping....... :)
Dont think so Niddy, there is still a huge shortage. When all the new towers go up, maybe.
Everyone is under the impression that there will be a mass exodus of expats once the school term finishes but I wouldn't be so sure. As far as i know none of my sons friends, year group are leaving.
I would love to move, but the prices are pretty much the same as they were 6 months ago
Everyone is under the impression that there will be a mass exodus of expats once the school term finishes but I wouldn't be so sure. As far as i know none of my sons friends, year group are leaving.
I would love to move, but the prices are pretty much the same as they were 6 months ago
Believe around 300 not back after Easter Holidays, also believe there to be another construction cull to come around mid May, off island prices are down for definite was speaking to a landlord last week, he is splitting villas to try and rent them to break even as he can't rent them whole and that B2B a nice area, lots of availability on Raha too also we only got a 3.75% increase and thats fairly unheard of in AD, even the National reported rents down in AD this week
evidence a decrease in rents for properties on island?
The worrying thing imho is the majority of newcomers to UAE seem to be O&G
and education professionals.The latter usually have accommodation taken care of.....the former have big packages(cue Commander flouncing in in his Lycra tutu).So I think we will have an artificial'prop up' of rents in AD coupled with sustained premuim rates on island.Only my peseta's worth.
PS....You must love it here if yer broomstick's 'petrol only'....(kiddin)
oooh and anywhere's gotta be better than Lanark(not kiddin)
Apr 16th 2009, 7:00 pm
#10
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Location: Cairo :-(
Posts: 376
Re: And the rents keep dropping....... :)
I agree with you Anna, no change in 'on island prices'
LW, we can all mishmash the figures,'specially newspapers however can you
evidence a decrease in rents for properties on island?
The worrying thing imho is the majority of newcomers to UAE seem to be O&G
and education professionals.The latter usually have accommodation taken care of.....the former have big packages(cue Commander flouncing in in his Lycra tutu).So I think we will have an artificial'prop up' of rents in AD coupled with sustained premuim rates on island.Only my peseta's worth.
PS....You must love it here if yer broomstick's 'petrol only'....(kiddin)
oooh and anywhere's gotta be better than Lanark(not kiddin)
LW, we can all mishmash the figures,'specially newspapers however can you
evidence a decrease in rents for properties on island?
The worrying thing imho is the majority of newcomers to UAE seem to be O&G
and education professionals.The latter usually have accommodation taken care of.....the former have big packages(cue Commander flouncing in in his Lycra tutu).So I think we will have an artificial'prop up' of rents in AD coupled with sustained premuim rates on island.Only my peseta's worth.
PS....You must love it here if yer broomstick's 'petrol only'....(kiddin)
oooh and anywhere's gotta be better than Lanark(not kiddin)
,broomsticks are illegal here, much like my book collection and paganism in general.
I can't comment about a personal search on Island as I having lived in the arse end of the irish countryside for the last 4 years have absoutely no requirement to have anything but chickens and any other wildlife/cattle for neighbours. I work for an education company, we are recruiting at the moment and have seen that there is certainly more availability on island, given that we are looking for buildings rather than individual apartments, also seeing the banks putting "pressure" on landlords to accept more realistic rents for apartments.
Agree that you can't believe all you read in the papers, but per my current experience it seems unlikely that rents are increasing. As for your O & G comments, I can't comment on that at all as I have no insight into the industry. All I can say is that we have a villa we are happy with off island at only 3.75% increase for this year.
Interested strangely in commanders tutu though........
Apr 16th 2009, 7:04 pm
#11
Go on.. Pull my finger..
Joined: Jul 2008
Location: Dubai
Posts: 5,726
Re: And the rents keep dropping....... :)
I agree with you Anna, no change in 'on island prices'
LW, we can all mishmash the figures,'specially newspapers however can you
evidence a decrease in rents for properties on island?
The worrying thing imho is the majority of newcomers to UAE seem to be O&G
and education professionals.The latter usually have accommodation taken care of.....the former have big packages(cue Commander flouncing in in his Lycra tutu).So I think we will have an artificial'prop up' of rents in AD coupled with sustained premuim rates on island.Only my peseta's worth.
PS....You must love it here if yer broomstick's 'petrol only'....(kiddin)
oooh and anywhere's gotta be better than Lanark(not kiddin)
LW, we can all mishmash the figures,'specially newspapers however can you
evidence a decrease in rents for properties on island?
The worrying thing imho is the majority of newcomers to UAE seem to be O&G
and education professionals.The latter usually have accommodation taken care of.....the former have big packages(cue Commander flouncing in in his Lycra tutu).So I think we will have an artificial'prop up' of rents in AD coupled with sustained premuim rates on island.Only my peseta's worth.
PS....You must love it here if yer broomstick's 'petrol only'....(kiddin)
oooh and anywhere's gotta be better than Lanark(not kiddin)
Apr 16th 2009, 7:17 pm
#13
Lost in BE Cyberspace
Joined: Aug 2007
Posts: 7,646
Re: And the rents keep dropping....... :)
The drive into Lanark through the Clyde Valley is particularly beautiful, I have taken that journey many times on the b'stick and in the honda 1.6i, a far cry from the yaris sewing machine /hairdrier I currently charge up in the mornings.Indeed it is and no shortage of tomatoes..or do you say tomaetos ..en route.The Popinjay used to offer excellent purvey I recall...,broomsticks are illegal here, much like my book collection and paganism in general.
Oh, are you the wicker lady?? Not Alan's wife but the lady who does the whitewitch stuff whom Benzonar advised? I can't comment about a personal search on Island as I having lived in the arse end of the irish countryside for the last 4 years have absoutely no requirement to have anything but chickens and any other wildlife/cattle for neighbours.
Well, I have this fat cow living next door to me(when I'm there in our Co house-chickens run amok..bloody vermin)She's mean!
I work for an education company, Nord Anglia?
we are recruiting at the moment and have seen that there is certainly more availability on island, given that we are looking for buildings rather than individual apartments(there's one on 28th between 11 and 13 but 350 per apartment) , also seeing the banks putting "pressure" on landlords to accept more realistic rents for apartments.
Agree that you can't believe all you read in the papers, but per my current experience it seems unlikely that rents are increasing.(OBR says the demand won't be met til 2010 even with slump) As for your O & G comments, I can't comment on that at all as I have no insight into the industry. All I can say is that we have a villa we are happy with off island at only 3.75% increase for this year. (good deal....but overpriced to begin with therefore levelling?given the number of vacant properties off island?)
Interested strangely in commanders tutu though........
Oh, are you the wicker lady?? Not Alan's wife but the lady who does the whitewitch stuff whom Benzonar advised? I can't comment about a personal search on Island as I having lived in the arse end of the irish countryside for the last 4 years have absoutely no requirement to have anything but chickens and any other wildlife/cattle for neighbours.
Well, I have this fat cow living next door to me(when I'm there in our Co house-chickens run amok..bloody vermin)She's mean!
I work for an education company, Nord Anglia?
we are recruiting at the moment and have seen that there is certainly more availability on island, given that we are looking for buildings rather than individual apartments(there's one on 28th between 11 and 13 but 350 per apartment) , also seeing the banks putting "pressure" on landlords to accept more realistic rents for apartments.
Agree that you can't believe all you read in the papers, but per my current experience it seems unlikely that rents are increasing.(OBR says the demand won't be met til 2010 even with slump) As for your O & G comments, I can't comment on that at all as I have no insight into the industry. All I can say is that we have a villa we are happy with off island at only 3.75% increase for this year. (good deal....but overpriced to begin with therefore levelling?given the number of vacant properties off island?)
Interested strangely in commanders tutu though........
Apr 16th 2009, 7:20 pm
#14
Lost in BE Cyberspace
Joined: Aug 2007
Posts: 7,646
Re: And the rents keep dropping....... :)
annnnnnnnnd...yer sporran was flatly parked on the thread with that wicked Cleri et al asking you to declare yer tartan!!!
Apr 16th 2009, 7:31 pm
#15
Go on.. Pull my finger..
Joined: Jul 2008
Location: Dubai
Posts: 5,726
Re: And the rents keep dropping....... :)
Things have been quiet of late in the old Sandpit so I decided to spread my ulna and radii....
And, since Im currently ensconced in the largest contiguous state of the good ole U S of A, I'll probably head down to the Trailer Park, just to say 'Hi y'all...'