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Search: Posts Made By: Millhouse
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Forum: Middle East
Apr 27th 2014, 1:16 pm
Replies: 33
Views: 3,507
Posted By Millhouse

Re: So, will be it rentmageddon in Dubai?

welcome to my dark world :)
Forum: Middle East
Apr 27th 2014, 12:30 pm
Replies: 33
Views: 3,507
Posted By Millhouse

Re: So, will be it rentmageddon in Dubai?

There is a lot of kudos to owning property in Dubai. Much better than T-bills.

Don't forget, 1% yield is probably a loss to equity once the 5% mortgage has been paid.
Forum: Middle East
Apr 27th 2014, 12:19 pm
Replies: 33
Views: 3,507
Posted By Millhouse

Re: So, will be it rentmageddon in Dubai?

Should be 7%, yes. Are they - no.

Why I think 7%... real estate in an emerging market, it's what I think a sensible investor should want. Of course, no one here cares about that as the choice...
Forum: Middle East
Apr 27th 2014, 9:51 am
Replies: 33
Views: 3,507
Posted By Millhouse

Re: So, will be it rentmageddon in Dubai?

I would guess it will happen a bit before 2016. We're pretty much already in bubble territory. The question is how much more can it inflate.

You shouldn't just look at absolute prices, but...
Forum: Middle East
Apr 25th 2014, 5:49 am
Replies: 33
Views: 3,507
Posted By Millhouse

Re: So, will be it rentmageddon in Dubai?

Spot on MH. If you look at the dynamics, estate agents are really incentivised to drive the prices down not up.

While they take 2.5%-5% of the rented price, that only happens if they rent the...
Forum: Middle East
Apr 22nd 2014, 3:50 pm
Replies: 33
Views: 3,507
Posted By Millhouse

Re: So, will be it rentmageddon in Dubai?

Amazingly, we are doing the opposite. Still bringing (international) people here as it is cheaper than keeping them in Delhi and Istanbul!
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