Bubblegoingdown 6 years ago At last somebody is reporting on this



The Property prices have have been on a downward trajectory for the past 4 months as well.



Simple problem in the city and it is related to only one word - Affordability!!



Everybody seems to forget that the people who actually pay rent and mortgages in this city are the workers - High rents and property prices are not sustainable until wages go up...



Watch rents and property prices come down more over the next 6 months!!

Be realistic 6 years ago Im looking for a one bedroom in downtown and i dont see any low price !!! can you tell me which tower in downtown came down for rent??!!!!

Matty 6 years ago You need to negotiate with the landlord. Greedy landlords are trying to rip us off but we need to stand against them. I've heard people in my lift this morning who said they were able to get their 2-bed in executive towers for 20k less than what was announced.



Who's Laughing now 6 years ago yep. constant greed and over inflated egos backed by unrealistic expectations will send rents skyrocketing every time



Wasn't it funny how rents went up in some instances 50% to 80% yet strangely, salaries didn't? Hmmmm....



I wonder what's wrong with that picture?

Ibrahim 6 years ago I am really puzzled seeing this ..One of the referred areas is International City, If the statistics are to be believed, the weighted average of Commercial Properties [Nothing available ] rent and the residential apartments are taken, the rents are still looking northward.



If there are studios and 2 bedrooms at the quoted prices, please let us know where it is..?



The trick played by the brokers to distort the real estate regulatory index is the incidence of key money. ie. for an apartment of 35K, they charge a key money of 8K, and agency rent of 5k, effective rent is 48K, the rents are still looking north!





Rebecca 6 years ago The magnitude of th drop is:

Take the announced % and multiply them by 3. This is the reality of the market.

This article wants to make us understand there is a soft landing in the rents, but this is wrong, the decrease is sharp.

Nevin 6 years ago I cannot believe that prices in Dubai Marina have not yet fallen. Who in their right mind would want to live here? It's only a matter of time though, right now it has to be one of the worst places in Dubai to be living in, traffic, noise pollution and 24/7 construction work without any consideration for residents is going to eventually take it's toll on paying tenants.

If anyone is considering a move to this area then please do not even consider it unless sitting in traffic for 1 - 1.5 hours every evening is something you enjoy.

Moving out this weekend and incase you have not noticed I cannot wait.

Overhyped 6 years ago It's actually very very simple. Just refuse to pay the over inflated asking price. If enough people just say: I've had enough and refuse to pay, the rents simply have to come down. Ok , you may miss out here and there on the absolute first choice property, but very, very quickly agents and their paymasters (Landlords) will get the point.



Regarding the Marina, yes its a complete and utter fiasco. Got woken up a 5:40am on a Friday by huge digging sounds coming from some hapless guy on a backhoe trying for some unknown reason to disturb the entire community on everyone's only real day off at a completely unacceptable hour. This went on for half an hour until I stopped it. The reason for him being there? "Sir the job is urgent". So urgent in fact that by 10am the site was empty....why? because it was FRIDAY. My point; The Marina is being completely mis-managed in every way and yet is put forward as the premium destination with rents to match. Steer clear until the rents drop by 30% +

john 6 years ago please could you do me a favor to write prices in Euro OR usa dollar ?how match goes it cost a studio and haw match it cost with 2 beds ?