tag:blogger.com,1999:blog-21258644.post2785024719640169524..comments2024-03-27T15:45:49.926+04:00Comments on Life in Dubai: No rent increases in 2009...unless...Seabeehttp://www.blogger.com/profile/06939892206726271433noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-21258644.post-63497653691762021642009-01-21T11:27:00.000+04:002009-01-21T11:27:00.000+04:00@ Sam:Emirates Business 24-7 lays it out today:htt...@ Sam:<BR/><BR/>Emirates Business 24-7 lays it out today:<BR/><BR/>http://www.business24-7.ae/articles/2009/1/pages/01212009_295c9ceef41f423d99c70464898637e8.aspx<BR/><BR/>see Specifically Article 2huthttps://www.blogger.com/profile/09299456569511629114noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-47023733783225502792009-01-20T18:21:00.000+04:002009-01-20T18:21:00.000+04:00The decree paves way for ridiculous rent increases...The decree paves way for ridiculous rent increases on older homes and tenants - to match, albeit, highest prevailing market rates.<BR/><BR/>Sam, my folks got screwed ('cause SHJ had a similar decree) - 100% rent increase on a 35 year old villa. Maintenance from landlord since construction - zip!roshhttps://www.blogger.com/profile/03271894997251528158noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-11409110680638116522009-01-20T16:24:00.000+04:002009-01-20T16:24:00.000+04:00Sam, I didn't put a link to the WAM story because ...<B>Sam</B>, I didn't put a link to the WAM story because the explanation was even less understandable than the other reports.<BR/><BR/><I>"the increase in property rent will rise in proportion with the drop in 2008 rent value in the average annual rent for the same property"</I><BR/><BR/>Anybody?Seabeehttps://www.blogger.com/profile/06939892206726271433noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-30183560516488495472009-01-20T16:04:00.000+04:002009-01-20T16:04:00.000+04:00sorry, that was meant to read more info on WAMsorry, that was meant to read more info on WAMsamuraisamhttps://www.blogger.com/profile/06177501779546963794noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-82386888848076995462009-01-20T16:02:00.000+04:002009-01-20T16:02:00.000+04:00There is more info on gulf news:"The decree also d...There is more info on gulf news:<BR/><BR/><A HREF="http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1226858101189&p=1135099400295&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews" REL="nofollow">"The decree also defines a new formula for lower rent values which allows a proportional increase in rents for 2009. According to the new formula, the increase in property rent will rise in proportion with the drop in 2008 rent value in the average annual rent for the same property."</A><BR/><BR/>Whatever that means.samuraisamhttps://www.blogger.com/profile/06177501779546963794noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-13739175342114728362009-01-20T16:00:00.000+04:002009-01-20T16:00:00.000+04:00clear as mud as usual then....clear as mud as usual then....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21258644.post-88349553286158119862009-01-20T15:53:00.000+04:002009-01-20T15:53:00.000+04:00i heard this was a bad thing because many were exp...i heard this was a bad thing because many were expecting rents to go down - freezing it just leaves the high price as is.Emhttps://www.blogger.com/profile/01267643422775549142noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-73593578758704590782009-01-20T15:32:00.000+04:002009-01-20T15:32:00.000+04:00So pretty much this means the landlord can potenti...So pretty much this means the landlord can potentially increase it by 100 grand in an instant, which is a near 60% increase. It really sounds as if this was thought through.samuraisamhttps://www.blogger.com/profile/06177501779546963794noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-85165838011817218582009-01-20T15:23:00.000+04:002009-01-20T15:23:00.000+04:00Sam, I guess you better keep your head down and do...Sam, <BR/>I guess you better keep your head down and don't tell the landlord about the index. I'd imagine that Sheikh Mo's decree to freeze the rents would take precedent and do what it says on the tin: prevent any hike for 2009 if you renewed during 2008. In which case the index is irrelevant. <BR/>Bad luck if you are paying over the index value - it's frozen at a high level...?huthttps://www.blogger.com/profile/09299456569511629114noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-8992210969500882382009-01-20T15:14:00.000+04:002009-01-20T15:14:00.000+04:00Sam I'm guessing because the stories I've read are...<B>Sam</B> I'm guessing because the stories I've read aren't specific but I'd say he can raise it to the average on the index, regardless of the percentage that entails.Seabeehttps://www.blogger.com/profile/06939892206726271433noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-27057475789273018782009-01-20T14:53:00.000+04:002009-01-20T14:53:00.000+04:00Ok, looks like i'm fkd.Does anyone know how much t...Ok, looks like i'm fkd.<BR/><BR/>Does anyone know how much the landlord can increase rent if it is 25% below the RERA index value?samuraisamhttps://www.blogger.com/profile/06177501779546963794noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-63543816705311394252009-01-20T14:47:00.000+04:002009-01-20T14:47:00.000+04:00Of course there's not going to be any increase as ...Of course there's not going to be any increase as more and more people are leaving, properties are left without tennants and people are reluctant to pay the huge amounts landlords are asking. Looks like RERA actually does nothing at all!ALINAhttps://www.blogger.com/profile/09766192197915465894noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-30757355068262244592009-01-20T14:13:00.000+04:002009-01-20T14:13:00.000+04:00oh found it: an excel document on the RERA website...oh found it: <A HREF="http://rpdubai.ae/rpdubai/pdf/Rental-Index-30-12-08.xls" REL="nofollow">an excel document on the RERA website</A><BR/><BR/>Amazing that they figure the best way to share this info is through an excel document.samuraisamhttps://www.blogger.com/profile/06177501779546963794noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-4667298959251469132009-01-20T14:08:00.000+04:002009-01-20T14:08:00.000+04:00Any idea where can the RERA rent index be accessed...Any idea where can the RERA rent index be accessed?samuraisamhttps://www.blogger.com/profile/06177501779546963794noreply@blogger.com