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Captain Australia wrote:I'm up for rental renewal in June. Sweet Sweet Sweet!
Tables have turned indeed. Last year I was DESPERATE to get a place because I knew that every month I waited meant another possible 10K.
Thanks for the heads up. Is this a magazine or part of a paper?
Captain Australia wrote:Cool. I'll have a look for it. But if you can easily scan the article that would be awesome. If it's too much of a hassle don't trouble yourself though.
Captain Australia wrote:I'm up for rental renewal in June. Sweet Sweet Sweet!
Tables have turned indeed. Last year I was DESPERATE to get a place because I knew that every month I waited meant another possible 10K.
Thanks for the heads up. Is this a magazine or part of a paper?
EDIT: Just for anyone doubting the ferocity of the rental increases in the UAE last year, here is my story. I arrived in Abu Dhabi in March 2008, stayed in a serviced apartment (Studio) on the corner of Airport and Passport. First month 10500, second month went up to 11500, third month (now in a 1 bedroom in Tourist Club) 13000, fourth month 15000, fifth month I was told it would be 17500.... so I got off my arse and moved out, to Dubai.
Bastards, I hope they all go bankrupt.
Captain Australia wrote:Sorry, 10500 for the studio in Ramee Gardens, then 11500, 13000, 15000 etc for the 1 bedroom in Ivory Serviced apts in Tourist Club. They were both increasing by about 2000 a month!
RobbyG wrote:Captain Australia wrote:Sorry, 10500 for the studio in Ramee Gardens, then 11500, 13000, 15000 etc for the 1 bedroom in Ivory Serviced apts in Tourist Club. They were both increasing by about 2000 a month!
Captain,
How are you able to afford such monthly increases? I reckon you get a housing allowance or are you working for an Australian company paying for your expatriation costs?
Those are insane rents you mention. They have gone crazy...
RobbyG wrote:Captain,
How are you able to afford such monthly increases? I reckon you get a housing allowance or are you working for an Australian company paying for your expatriation costs?
Those are insane rents you mention. They have gone crazy...
Captain Australia wrote:Local.
Cheers, but the point is that is wasn't a dream when I got here. I was told (by the company) that I could get an apartment for 70-80K when I got to Abu Dhabi. I arrive (March '08 ) and see things at almost double that, and rising every bloody month. It was quite a nightmare for a while.
Now that prices are dropping it's looking much better. Abu Dhabi is still not out of it though. It might slow down a bit but the drop won't happen until more of those apartments come online.