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What amount are you planning to invest and what made you look at IC. Have you looked at other places. U need to do a little amount of research before u put your money in. . Community fees is paid by the owner. I bought in Motorcity and my apartment is on rent since the time it was ready. A...

It will not reach the dizzying heights of yester year. But if you apply the basics of going with a good developer and a good place, one should do well. Indications are good

They always say in real estate investment, one needs to form a team. You will have a broker, advocate and mortgage advisor as part of that team. It's good to consult a mortgage advisor as it's their business day in and day out to find you a mortgage as that's their bread and butter. Now if...

Recession did Dubai good. Rents came down and Dubai has now become affordable. No more cocky landlords. Today the tenant holds the guns. With the excessive supply, it should take a while. When supply meets demand, that's when things will come back and that's when greed sets in and there we go...

60% paid and only 3 floors calls for close scrutiny. You should not be paying anything more. The problem is RERA has not defined rules and the current rules favor the developer. But if you are willing to fight it out in courts, I guess you have a case. Roshan

The recession will probably do Dubai good. Rents have come down. Dubai has now become a viable destination for business. More people coming in would give a sense of stability. Adding to this the exodus of people from Sharjah and Abudhabi and people upgrading to bigger homes will do Dubai good...

Escrow money is safe and is to be used only for the construction of the building and not for purchase of the land. The amount is released depending upon the progress of construction. I would recommend suing in the west but not in Dubai. Lawyers are not cheap and getting a good one is...

If he has lost his job, then a little bit of consideration should be shown. Why don't you ask him to find a tenant for you. I have leased out my apartment and the deal is if the tenant wants to break the contract he either finds someone to take over - OR - loose 2 months rent. Roshan

All the previous rules are gobne. The one which I know and wonder if still applicable is that the value of the property should be above a million dirhams. Again I do not know if they will use the primary or the secondary sale. The visa will be valid for 6 months after which a renewal is...

Since a developer cannot sell, he now makes money from maintenance charges. When most of the apartments are leased by owners, where is the question of forming a strong association. The developer knows that the chances of an association to be formed are remote. So he still abides by the rules...

Tenancy contracts differ from one landlord to the other. YOu need to see what is the vacating clause in the contract. It could be notice of 1 month and loss of 2 months rent. Get in and read the contract. Roshan

Investors put in money in safe waters. Nobody likes to loose money. Dubai has the aura and the geographics to see it through. But if the rules are not conducive for investment, then the whole purpose is defeated. Rules keep changing. Dubai needs to be crystal clear on the rules. Once the...

Changing jobs for the same salary does not make sense. I would not dream of changing unless there was a 40% increase. There is no guarantee that your job would be secure in Dubai. You have spent 3 years in this company where you work. You know thetm and they know you. As the saying goes " a...

Good God, never trust a developer for anything in this world. Dubai will be another Spain. Unless supply meets demand don't expect anything to happen. At the moment the supply is in excess and it's field time for tenants. Roshan

Pay a perecntage and get a property management done on your apartment. The real estate company takes a commission but they save you the headache of defaults, rent collection, maintenance, bullying. The tenant has to respect the contract - OR - he looses a months rent if he wants to leave...

You should have lodged a police complaint on the basis of abusive language. Next time document your requests on an email or fax. Nothing to worry, there is so much of accomodation available these days. My colleague picked up a 3 BDR in springs for Dhs 135,000. A year back, this would...

Dubai has built too much in too short a time. It will take years for it to come out of this mess. The business of newspapers is to sell paper they say and likewise to these so called pandits who try to jump start the market with their so called observations, most of the time for their own...

Off plan is at a stand still and nobody is buying off plan. The low prices are a clear indication that the investors want out of a property which would be delayed or might just not come up. Haven't you heard of putting the monkey on somebody else's back ;) Regards Roshan

Dubai needs to stop building and concentrate on finding ways of supply meeting demand. Overkill is the right name for Dubai property. Building too much in a short while put the final nail into the coffin. The rental markets have fallen and tenants are having a nice time moving into bigger...

DMCC has a set of rules which one has to comply with if someone wants to open an office in JLT. Has anyone rented out office space in JLT. What I understand is that you don't comply to specific activities, you cannot open up. That's one reason why JLT office space is not moving. Does...