rent increase - 30% in one week

[georgihh]

So fanny all the rental prices in IC are gone up by 30 % for the last one week and
nothing is available.
30 % increase in resale will follow by the end of the year

[Demoniise]

are u sure? I have 2 flats in IC. Are u a rental agent?

[georgihh]

Originally Posted by Demoniise

are u sure? I have 2 flats in IC. Are u a rental agent?

I am not a rental agent but have a properties in IC and nothing is available.
If you look at the newspaper you will find 4-5 adds for rental in IC in comparison to 2 months ago when 50-60 were advertised.
If you look for a studio today they are not available and the asking price is 55000 if available.
So get your tenants out and get the proper rent

[jakob1986]

FIrst of all my friend is this not a legal action to vacate a property to raise the rent and no Landlord should use that as a option.
I would drag you to the rent commite and you would lose. the rent is fixed for 2 years and you can raise it than for 5 % after giving a notice one year before. Laws are there to follow them even in Dubai my dear.

[georgihh]

Originally Posted by jakob1986

FIrst of all my friend is this not a legal action to vacate a property to raise the rent and no Landlord should use that as a option.
I would drag you to the rent commite and you would lose. the rent is fixed for 2 years and you can raise it than for 5 % after giving a notice one year before. Laws are there to follow them even in Dubai my dear.

When you find a studio for 40000 DHS give me a call, for the time being find
15000 DHS more as you might end up on the street

[jakob1986]

yeah right..will let you know...people like you make this place so wonderfuel to stay...

and btw

The point was that this is not legal...i am sure a guy like you knows what it means to end up at the rent commite and I am also sure that you read something about the index which will come in the next year? hm did i mentioned that I work in real estate? anyway I should have a word with your tenants.

[georgihh]

Originally Posted by jakob1986

yeah right..will let you know...people like you make this place so wonderfuel to stay...

and btw

The point was that this is not legal...i am sure a guy like you knows what it means to end up at the rent commite and I am also sure that you read something about the index which will come in the next year? hm did i mentioned that I work in real estate? anyway I should have a word with your tenants.

Something for you from today,s newspaper

International City Fully Furnished Studio Dhs 6,000 P.M. Fully Furnished One-bedroom Hall Dhs 9,000 P.M. One Month Advance RENT and One Month Deposit

[jakob1986]

and something for you as well

what they are asking and what they are getting are two worlds and it is pointless to gimme peaks!

but you dont get it you give advise to act not accordingly to the law. this is not acceptable

[georgihh]

Originally Posted by jakob1986

yeah right..will let you know...people like you make this place so wonderfuel to stay...

and btw

The point was that this is not legal...i am sure a guy like you knows what it means to end up at the rent commite and I am also sure that you read something about the index which will come in the next year? hm did i mentioned that I work in real estate? anyway I should have a word with your tenants.

Legal or not legal is not your problem.
I hope you don’t re rent your studios for less than 55000 as you might end up without job
Very soon

[jakob1986]

yeah you got a clue...i'll inform the admin just to make sure that you dont advise any other people to act illegal