International City rents drop below Dhs 15,000
Rents in the International City area of Dubai have slipped below AED15,000 a year for the first time, as prices in Dubai’s battered property market continue to fall.
Several studios in the Nakheel development are available for as little as AED14,000 a year, although most landlords require potential tenants to pay the full amount in a single cheque.
A series of studios measuring 455 sq ft in size are listed in many of the development’s clusters, including England, China, Italy and Greece.
The prices are more than 50 percent lower than the AED30,000-35,000 bracket recommended in RERA’s first Dubai rental index, published in October 2009.
Categories: Business in Dubai, Living in Dubai Tags: Discovery Gardens, International City, Nakheel
No water at Nakheel run Discovery Gardens buildings
The curse of “managed” properties reappeared as water has been disconnected to some buildings in Nakheel-run Discovery Gardens due to non-payment of Dewa bills.
Emirates 24|7 quote the residents:
“We have had no water for three days now. We called the Nakheel call centre and were told the [Nakheel] management was working to solve the issue,” S Kalyan, a resident of one of the Nakheel-managed buildings, told this website.
“We contacted the Dewa call centre and were told that Dh21,000 is outstanding from our building. Dewa told us that there are a number of buildings where they have already disconnected water supply,” she added.
Categories: Living in Dubai Tags: DEWA, Discovery Gardens, Nakheel
Dewa mixes-up Discovery Gardens’ bills
Residents of two apartment blocks in Discovery Gardens have been receiving Dubai Electricity and Water Authority (Dewa) bills that actually belong to someone else.
The Dewa bills in question have the wrong building number, wrong premise number and even wrong water and electricity meter numbers.
Thus, a tenant receives a bill each month with his name on it, but with someone else’s building number, premise number and water and electricity meter numbers.
Tenants of Buildings 13 and 14 are most affected by this slip-up.
Categories: Living in Dubai Tags: Asteco, DEWA, Discovery Gardens
Honey, there are rats in JBR!
Jumeirah Beach Residence (also known as JBR) is a 1.7 kilometre long, 2 million square metre gross floor area waterfront community located in Dubai Marina. It is the largest single phase residential development in the world and contains 40 towers (36 are residential and 4 are hotels) . JBR’s capacity is about 10.000 people living in its apartments and hotel rooms.
The developer, Dubai Properties (a subsidiary of Dubai Holding), launched JBR in August 2002. This 6 billion dirham project was completed in 2007.
Categories: Featured, Living in Dubai Tags: Discovery Gardens, JBR
Recession causing Dubai rental market shift, landlords accepting 12 cheques
The recession and credit crunch is effecting Dubai rental property market, tilting it in favour of the tenants.
As Arabian Business reports, Landlords in various location of Dubai are accepting rents in up to 12 cheques, a move in strak contrast of previous practice of accepting rents in 1-3 cheques.
With more properties coming onto the market as job losses mount and tenants downsize amid the global crisis, landlords are increasingly showing more flexibility, keen to secure rental income, it has emerged.
Dubai broker Smith & Ken Real Estate is currently advertising a monthly payment deal for properties on its books in Old Town.
Categories: Living in Dubai Tags: Asteco, Better Homes, Burj Dubai, Discovery Gardens