Quote:
Originally Posted by georgihh
The demand dictates the market (rental).
Ok some buildings are empty in Dubai marina or JBR but not many can afford to pay 120000 DHS for one bedroom.
Look at International city – 50000 people moved in last year and the place is almost fully occupied
Now they are going to demolish Satwa – Where the people will go – Nowhere
Or they will pay double rent?
I think they will pay double rent
Have you bought in Dubai?
How many land registrations have you done % from your purchase.
This is going to be the new movement in Dubai no land registration – no resale or cant even rent out
In this case 80% of the properties are not real.
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If people cannot afford 120.000 for a 1 bed then they will have to reduce the price.This will then reduce the prices for other 1 beds in less desirable areas.
How can people in Satwa afford to pay double,they are on low income?
Regards land registration.Does this mean that from now on every property must be registered?How do I find out if my building is registered?