Did anyone hear THIS today?
#1
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2007
Posts: 13,553
Did anyone hear THIS today?
The Business Breakfast on Dubai Eye had a guest slot from a woman from Better Homes....... podcast:
http://dubaieye1038.com/page/Better_...2/51351?feed=5
Quote: across Dubai, prices are 20-30 percent higher than they were eight months ago......... it's from 15:20 to about 16:35 in the recording.
I say 'Garbage'! What say you?
[Better Homes of course have a vested interest in pushing prices up......]
http://dubaieye1038.com/page/Better_...2/51351?feed=5
Quote: across Dubai, prices are 20-30 percent higher than they were eight months ago......... it's from 15:20 to about 16:35 in the recording.
I say 'Garbage'! What say you?
[Better Homes of course have a vested interest in pushing prices up......]
#2
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Joined: Jun 2008
Location: Abu Dhabi by body and Sydney by soul
Posts: 1,841
Re: Did anyone hear THIS today?
They have a great expressing in Oz 'spruiking the market'. This would fall in that category.
#3
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Joined: Feb 2011
Posts: 0
Re: Did anyone hear THIS today?
The Business Breakfast on Dubai Eye had a guest slot from a woman from Better Homes....... podcast:
http://dubaieye1038.com/page/Better_...2/51351?feed=5
Quote: across Dubai, prices are 20-30 percent higher than they were eight months ago......... it's from 15:20 to about 16:35 in the recording.
I say 'Garbage'! What say you?
[Better Homes of course have a vested interest in pushing prices up......]
http://dubaieye1038.com/page/Better_...2/51351?feed=5
Quote: across Dubai, prices are 20-30 percent higher than they were eight months ago......... it's from 15:20 to about 16:35 in the recording.
I say 'Garbage'! What say you?
[Better Homes of course have a vested interest in pushing prices up......]
Mate just got one 8 floors lower, 150sq ft smaller for 70,000
That's what, 13%? for something that is 12% smaller...
#4
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Joined: Mar 2012
Location: Dubai, working at Dust World Central
Posts: 3,706
Re: Did anyone hear THIS today?
Where I am in JVT the prices are going up, but I suspect some of it is falling availability as most places are now rented. I paid 60k 1 chq for a 1 bed townhouse, now around 70k. There are also 2 bed villas and townhouses. Villas have massive gardens and were around 90k, now 110. But highest price rises are 2 bed townhouses, same internal room as a villa but much less garden = cheap DEWA. They were around 85 but now, if you can find one, going for 120. Thats since January.
However there are some huge building programmes going on, like Victory Heights and Jumeirah park. Be interesting to see what happens when they flood the market.
However there are some huge building programmes going on, like Victory Heights and Jumeirah park. Be interesting to see what happens when they flood the market.
#5
Re: Did anyone hear THIS today?
Where I am in JVT the prices are going up, but I suspect some of it is falling availability as most places are now rented. I paid 60k 1 chq for a 1 bed townhouse, now around 70k. There are also 2 bed villas and townhouses. Villas have massive gardens and were around 90k, now 110. But highest price rises are 2 bed townhouses, same internal room as a villa but much less garden = cheap DEWA. They were around 85 but now, if you can find one, going for 120. Thats since January.
However there are some huge building programmes going on, like Victory Heights and Jumeirah park. Be interesting to see what happens when they flood the market.
However there are some huge building programmes going on, like Victory Heights and Jumeirah park. Be interesting to see what happens when they flood the market.
#7
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2007
Posts: 13,553
Re: Did anyone hear THIS today?
Interesting responses - some truth in this then, at least in highly-sought-after areas/developments?
The presenter, Malcolm Taylor (as you can hear in the recording) was incredulous. Hmmm.......... I will keep an eye on this.
Does this mean that many of the developments that had earlier been frozen have now been abandoned, simply to keep supply low?
The presenter, Malcolm Taylor (as you can hear in the recording) was incredulous. Hmmm.......... I will keep an eye on this.
Does this mean that many of the developments that had earlier been frozen have now been abandoned, simply to keep supply low?
Last edited by The Dean; Sep 9th 2012 at 9:18 am. Reason: t
#8
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Joined: Mar 2012
Location: Dubai, working at Dust World Central
Posts: 3,706
Re: Did anyone hear THIS today?
I like JVT and they were cracking on at great speed with the landscaping before the summer temps rocketed. Hopefully it'll restart again soon. Jumeirah Park looks interesting, much smaller gardens.
#9
Re: Did anyone hear THIS today?
There is a massive difference between villas and flats. The Retches has certainly seen 10-20% price prices over the last year. I can't see a flat on SZR doing the same as oversupply is still clearly a problem.
Dubai is picking up - look at the place, but the driver is probably the Arab Spring unrest and the high oil price. How long all that can last is anyone guess.
Dubai is picking up - look at the place, but the driver is probably the Arab Spring unrest and the high oil price. How long all that can last is anyone guess.
#10
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Joined: Feb 2011
Posts: 0
Re: Did anyone hear THIS today?
There is a massive difference between villas and flats. The Retches has certainly seen 10-20% price prices over the last year. I can't see a flat on SZR doing the same as oversupply is still clearly a problem.
Dubai is picking up - look at the place, but the driver is probably the Arab Spring unrest and the high oil price. How long all that can last is anyone guess.
Dubai is picking up - look at the place, but the driver is probably the Arab Spring unrest and the high oil price. How long all that can last is anyone guess.
#11
Re: Did anyone hear THIS today?
The building I'm in at the Marina the rent is definitely up 20% on 2 years ago for 2 beds.
#12
Re: Did anyone hear THIS today?
There seems to be a slight upward trend in villas in Jumeirah and Barsha, but not by much. As usual Better Homes is overpricing. Everything they advertise seems overpriced.
The villa we are in (and leaving in a few weeks) is being offered at the same price as three years ago.
The villa we are in (and leaving in a few weeks) is being offered at the same price as three years ago.
#13
Joined: Jan 2012
Posts: 1,107
Re: Did anyone hear THIS today?
There seems to be a slight upward trend in villas in Jumeirah and Barsha, but not by much. As usual Better Homes is overpricing. Everything they advertise seems overpriced.
The villa we are in (and leaving in a few weeks) is being offered at the same price as three years ago.
The villa we are in (and leaving in a few weeks) is being offered at the same price as three years ago.
#15
Re: Did anyone hear THIS today?
We need a different space for our business. It's still available although there are three viewings scheduled for this week (two very kindly arranged by me). It's a nice house and will easily be rented.
You looking to move to Umm Sequim 1 then?