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MaaaD wrote:interesting .. but it might be a technical reason that they arent taking more listings.

jabbajabba wrote:How does that map to a bubble burst?

Stylinexpat wrote:

jabbajabba wrote:How does that map to a bubble burst?

More projects coming out and more homes coming out on the market without buyers and all those homes or apartments out on the market (at least most of them) need to be payed of by the time the building is ready for move in as no local bank will finance you untill the building or unit is ready with the exception of some Emaar projects. There are so many sellers now on the market that even companies like Gowealthy aren't taking any more sellers on there list from Dubai. Look at the Gulf News paper and see how many sections there are for homes for sale. You name it "Freeholds, Classifieds, Villas, Apartments,etc.." and they are all either for sale or rent. If they are available for rent then the rent is usally high because the last dude got kicked out or moved out due to high rent and if the place is for sale it is most likely that they dude can't keep up with the payments for a unit that is not ready. A friend of mine lived in the area around Burjuman Center just down the road past the Spinneys and her rent used to be 85,000 Dhms. Per year for a 2 bedroom apartment and her rent just got jacked to 120,000. she had to move out. Her landlord (a local of course) told her to either pay the new rent or move out. The year before last year her rent was 65,000 Dhms. per year. So it went from 65 to 85 to 120K. Amazing, they won't eat meat if it isn't Halal but the money that buys that meat doesn't have to be Halal

i needed a good laugh. thanks

alexandra wrote:

Stylinexpat wrote:

jabbajabba wrote:How does that map to a bubble burst?

More projects coming out and more homes coming out on the market without buyers and all those homes or apartments out on the market (at least most of them) need to be payed of by the time the building is ready for move in as no local bank will finance you untill the building or unit is ready with the exception of some Emaar projects. There are so many sellers now on the market that even companies like Gowealthy aren't taking any more sellers on there list from Dubai. Look at the Gulf News paper and see how many sections there are for homes for sale. You name it "Freeholds, Classifieds, Villas, Apartments,etc.." and they are all either for sale or rent. If they are available for rent then the rent is usally high because the last dude got kicked out or moved out due to high rent and if the place is for sale it is most likely that they dude can't keep up with the payments for a unit that is not ready. A friend of mine lived in the area around Burjuman Center just down the road past the Spinneys and her rent used to be 85,000 Dhms. Per year for a 2 bedroom apartment and her rent just got jacked to 120,000. she had to move out. Her landlord (a local of course) told her to either pay the new rent or move out. The year before last year her rent was 65,000 Dhms. per year. So it went from 65 to 85 to 120K. Amazing, they won't eat meat if it isn't Halal but the money that buys that meat doesn't have to be Halal

i needed a good laugh. thanks

Stylinexpat wrote:

jabbajabba wrote:How does that map to a bubble burst?

The year before last year her rent was 65,000 Dhms. per year. So it went from 65 to 85 to 120K. Amazing, they won't eat meat if it isn't Halal but the money that buys that meat doesn't have to be Halal

asc_26 wrote:

Stylinexpat wrote:

jabbajabba wrote:How does that map to a bubble burst?

The year before last year her rent was 65,000 Dhms. per year. So it went from 65 to 85 to 120K. Amazing, they won't eat meat if it isn't Halal but the money that buys that meat doesn't have to be Halal

LOL.

If you own a flat, no need for you to work cos you can keep on increasing the rents and sitting pretty while waiting for the cheque to be cleared from the bank, then go shopping and buy halal foods.

Stylinexpat wrote:Let's not forget the prayers 5 times a day after that contract is signed for 120K because that's Halal money

sage & onion wrote:

Stylinexpat wrote:Let's not forget the prayers 5 times a day after that contract is signed for 120K because that's Halal money

Do you actually know what "Halal" is????

asc_26 wrote:once the contract is signed, you'll never see your landlord/s again not even for maintenance check of the unit. you'll see him/her before the last cheque will be cleared for another increase of rents.

expats are working so hard to bring food on the table of the landlord/s and to finance their extravagance life style.

asc_26 wrote:once the contract is signed, you'll never see your landlord/s again not even for maintenance check of the unit. you'll see him/her before the last cheque will be cleared for another increase of rents.

expats are working so hard to bring food on the table of the landlord/s and to finance their extravagance life style.

Stylinexpat wrote:

asc_26 wrote:once the contract is signed, you'll never see your landlord/s again not even for maintenance check of the unit. you'll see him/her before the last cheque will be cleared for another increase of rents.

expats are working so hard to bring food on the table of the landlord/s and to finance their extravagance life style.

You hit it right on the nail. Just remember that when ever you see a rich and generous giving local, you know that someone is either being FU**ED over or recently jus got FU**ED over.

asc_26 wrote:If they'll ask me to leave, alex & stylinexpat - please be my defense lawyer.

bushra21 wrote:I dont get it, what's so funny?

asc_26 wrote:and i don't mean to hit anyone on here. it was just my opinions and of course there's always an exemption.

alexandra wrote:

asc_26 wrote:and i don't mean to hit anyone on here. it was just my opinions and of course there's always an exemption.

subtile withdrawal...u should be a politician asc

alexandra wrote:

bushra21 wrote:I dont get it, what's so funny?

no major problem if u dont.
it was a reply to asc, i am súre she got it, didn't u hun ?

bushra21 wrote:

alexandra wrote:

bushra21 wrote:I dont get it, what's so funny?

no major problem if u dont.
it was a reply to asc, i am súre she got it, didn't u hun ?

no not about your response, but about the thread topic itself...

the thread is labeled 'this is funny', but I fail to see what is so funny

Stylinexpat wrote:

bushra21 wrote:

alexandra wrote:

bushra21 wrote:I dont get it, what's so funny?

no major problem if u dont.
it was a reply to asc, i am súre she got it, didn't u hun ?

no not about your response, but about the thread topic itself...

the thread is labeled 'this is funny', but I fail to see what is so funny

Dubai is supposed to have a shortage of homes yet the homes ,freehold, villas section of (an example) The Gulf News keeps getting thicker and thicker by the day with more and more unsold units flooding the market that even companies who allow you to post your home or apartment for sale on their website have stopped allowing people to post their apartment for sale on their website (www.gowealthy.com). What was supposed to be funny was the continuous lies that continue to spread to cheat foreigners or investors in Dubai. On a free day, drive down one day to the local court house and just look at how many cases there are of foreigners suing locals. In most cases the locals win and if they don't win they are then pardoned once sentenced only to be free to commit more crimes against the expatriates living in Dubai. Even when the expatriates do win their court cases more then half of them never ever collect their money from the locals! At times I think that this city is the biggest scam ever living off of con-artists. The old saying of when something looks too good to be true it usually isn't...

Stylinexpat wrote:I and 10 other close friends have units for sale in Dubai and neither one of us has been able to sell any of them because the buyer usually does not have 40-70% in cash to put up for a unit that may not be ready for another 1-2 years from now. As you know most go from 1,000,000 Dhms. on up. So one would have to have around 500,000 in cash to buy one from another person, be able to make payments on time and be able to pay their own rent and expenses in Dubai and last but not least be an expat making good money to be able to afford this type of life and payment structure.. Take for example the Palm which has been delayed and won't finish for some time.