Liquidity Squeeze/ Rent
 

I've just had the most strange negotiation with my landlord.

I currently pay 140k, one cheque. Everyone else around me pays around 160k but I do see new adverts at 150k - I was lucky last year on price. The guy before me paid 192k.

I had agreed 140k, two cheques for the renewal about a month ago. I couldn't be bothered to negotiate the price at the time as I'm roughly in-market and so just went for payment terms. Anyway, I just got a text from the agent asking what discount would I need for one cheque. I offered 133k, one cheque and it was agreed immediately.

This means two things: 1) the landlord has liquidity issues, 2) I could have gone lower!

Re: Liquidity Squeeze/ Rent
 

And you've just handed over 133k to a man who is now going to disappear sharpish - expect the repo man next week turfing you out :)

Re: Liquidity Squeeze/ Rent
 

Good research and data, thanks for sharing. Might just be your Landlord who's ****ed but might be all of them :)

We're about to try and break our rental term I think. New neighbours and they're deafeningly loud sadly. They're also representative of a demographic shift in our tower recently - rents have plummeted, they're huge apartments and we're seeing many 3-generations-in-a-one-bed situations. It's been alright and no real issues (other than occasional lift etiquette issues etc) until the noisy neighbours arrived. Now we're both thinking - **** this, we don't need it.

Started looking and there are some serious deals to be had in very nice places.

Re: Liquidity Squeeze/ Rent
 

Tired of the smell of curry in the corridor, eh? Just like home.

Re: Liquidity Squeeze/ Rent
 

No smell, yet. Just a shouty shouty crying crying 3 year old ****wit.

Re: Liquidity Squeeze/ Rent
 

I moved in July. Brand new 3 bed (plus maid) villa in Mira Oasis. 90K 1 chq.

My mate just got a brand new 5 bed (plus maids) villa in Damac Hills for 155K 1 chq.

Definitely some bargains to be had.

Re: Liquidity Squeeze/ Rent
 

That's a very good deal. Some friends just did similar at Damac Hills, but 3bed 130k.
90k in Mira is good but do you not feel a long way out? We've always lived here and it's so convenient for work (I walk) and downtown etc.

Re: Liquidity Squeeze/ Rent
 

I'm in Meydan - 15mins to DIFC/downtown at any time of day. 133k, 3 bed - for two years old house.

Bollocks to living in Damac Hills and beyond - that road just doesn't have the capacity for the houses at peak hours.

Re: Liquidity Squeeze/ Rent
 

Although that's a great deal. You could afford a driver cum cleaner and still be on top. ;)

Re: Liquidity Squeeze/ Rent
 

Do you get good food deliveries out there?

133k is more than I want to spend and a 3 bed invites long term guests, which is horrifying. We'll stick to apartment living for the time being and just deal with the noise / complain to security in the most passive aggressive way having now knocked and introduced ourselves.

Re: Liquidity Squeeze/ Rent
 

Re: Liquidity Squeeze/ Rent
 

Why not sniff around and see if you can still get one of the smaller older villas near the beach in Jumeirah or Umm Suqeim? I reckon the best of my time in Dubai was when I shared one of those villas with a pair of mates. 10 minutes' walk from the beach, had a garden for parties and barbecues, it was a rare old time. Loved it. Still think about it. Then again it also helped I was 28-29 at the time.

Re: Liquidity Squeeze/ Rent
 

Re: Liquidity Squeeze/ Rent
 

Interesting. The apartments at Meydan look alright too, some much nicer but don't seem to be bad.

Not a bad shout. I don't want her to get into hardcore house/apartment hunting though, she'll then want to do it and sacrificing rent money to the landlord is not something I want to do.

Swinging for the fences there. What a prick.

Re: Liquidity Squeeze/ Rent
 

My working day starts at 4pm and runs all night. Sorry to hear that your Pinay girlfriend has got fat and sour-faced. Get a french bulldog, it'll be more affectionate, thinner and better looking.