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My current tenants in International City are requesting that the rent in their studios (Spain & Persia) be reduced from 38,000 per month to 30,000 AED per month. Can anyone let me know if this is a fair market rent at the moment? Many thanks.

Hi Kenny, You sound very knowledgeable, but are you sure about just letting the contract run down? The agents seem to be very confident that I have to renew the current contract when it runs out in January unless I can prove we will instead move in (which isn't a possibilty). The onus seems...

Can someone please help clarify something for me. I let my 2 International City apartments out last January on a 1 year contract to a company who then tenanted them. However, the rent is now 40% below market value and when the contract ran out I intended to readvertise the properties. Now...

Can someone please help clarify something for me. I let my 2 International City apartments out last January on a 1 year contract to a company who then tenanted them. However, the rent is now 40% below market value and when the contract ran out I intended to readvertise the properties. Now...