[gilaud]

Yes Nakheel is renting at low rent, but even at the low rent they are making more money then the AVG investor.

Do not look at it as a bad thing, but take the good side of it. They are 2 to 3 hours queues line to rent the Nakheel’s apartments, they have 125 Building all together. So they will rent quickly and fill Intl City quickly, hence create an atmosphere.

However, tenant cannot choose they apartment and it is as first come first serve basis. They might rent a corner apartment at Persia for 48k but might get a studio at China for 32K where the smell can be unbearable.

In Dubai you can get the same orange at the coop, half the price than Spinneys. It is all about Marketing.

My advice is rent it yourself, the tenant will feel more secure to rent directly to landlord and have no commission to pay.

As well I have upgraded the premise with equipped kitchen, it cost less than AED 2000 and prospect tenant are sensible to that +

I have rented 2 studio and 40K and my 1 bed room from 53 to 56 K in Persia on the above idea, and my tenant are happy.

Best of luck

Gilaud