Liquidity Squeeze/ Rent
#17
BE Forum Addict
Joined: Jan 2011
Location: Dubai
Posts: 3,467
Re: Liquidity Squeeze/ Rent
As for location, it suits me and the Mrs down to the ground. I'm on site in Masafi at the moment so I'm straight onto the E611 with no traffic in either direction, so its 1hr each way which is epic. From the start of next year I'll be in a similar area on the mountain section of Etihad Rail so that's all good too. Going to the office at the top of SZR ain't the best but I'm hardly there these days and was in Mirdif before, so not too much of a difference. The Mrs works at the Autodrome so for her its perfect too.
#19
Account Closed
Joined: Feb 2011
Posts: 0
Re: Liquidity Squeeze/ Rent
Scamp - its Mira Oasis, so across the road from Mira, the ones currently being released.
As for location, it suits me and the Mrs down to the ground. I'm on site in Masafi at the moment so I'm straight onto the E611 with no traffic in either direction, so its 1hr each way which is epic. From the start of next year I'll be in a similar area on the mountain section of Etihad Rail so that's all good too. Going to the office at the top of SZR ain't the best but I'm hardly there these days and was in Mirdif before, so not too much of a difference. The Mrs works at the Autodrome so for her its perfect too.
As for location, it suits me and the Mrs down to the ground. I'm on site in Masafi at the moment so I'm straight onto the E611 with no traffic in either direction, so its 1hr each way which is epic. From the start of next year I'll be in a similar area on the mountain section of Etihad Rail so that's all good too. Going to the office at the top of SZR ain't the best but I'm hardly there these days and was in Mirdif before, so not too much of a difference. The Mrs works at the Autodrome so for her its perfect too.
#22
Forum Regular
Joined: Jan 2017
Posts: 177
Re: Liquidity Squeeze/ Rent
Still plenty of opportunities to get cheap rents in Abu Dhabi. You can get a large 2 bedroom apartment in Al Muneera (with private beach) for less than AED 110k these days. Cheaper still in Al Rayyana and Al Reef.
#25
BE Enthusiast
Joined: Mar 2018
Location: Dubai
Posts: 376
Re: Liquidity Squeeze/ Rent
Last year i had a 15,000 reduction. LL didnt flinch when i asked for this. He is going to have to drop it by at least another AED12-15000 again next year
#26
Account Closed
Joined: Feb 2011
Posts: 0
Re: Liquidity Squeeze/ Rent
The difference when one beds in this building were 110,000 and now when they're down as low as the 70's and 80's is staggering.
Having worked from home this morning the shift of demographics in our building means that the peace is interrupted with a violent combination of onion and screaming child.
#27
Re: Liquidity Squeeze/ Rent
Tumbling prices has one downside unfortunately. Undesirables.
The difference when one beds in this building were 110,000 and now when they're down as low as the 70's and 80's is staggering.
Having worked from home this morning the shift of demographics in our building means that the peace is interrupted with a violent combination of onion and screaming child.
The difference when one beds in this building were 110,000 and now when they're down as low as the 70's and 80's is staggering.
Having worked from home this morning the shift of demographics in our building means that the peace is interrupted with a violent combination of onion and screaming child.
#29
Re: Liquidity Squeeze/ Rent
Just chucking in my fil, I pay monthly (no cheques, no contract, nothing), and my landlord reduced my rent by 15% last month, I never asked him to, he said that he tries to be fair with all his tenants and charge a blanket rate across his properties.
There are some good guys out there, i've been here coming up to two years now and never been happier.
There are some good guys out there, i've been here coming up to two years now and never been happier.
#30
Account Closed
Joined: Feb 2011
Posts: 0
Re: Liquidity Squeeze/ Rent
Just chucking in my fil, I pay monthly (no cheques, no contract, nothing), and my landlord reduced my rent by 15% last month, I never asked him to, he said that he tries to be fair with all his tenants and charge a blanket rate across his properties.
There are some good guys out there, i've been here coming up to two years now and never been happier.
There are some good guys out there, i've been here coming up to two years now and never been happier.