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Current Rents for International City, Dubai
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.- Jim International City
- Thread
- Replies: 4
- Forum: Middle East Property
- J
Help! I'm stuck with rental 40% below market value!
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...- Jim International City
- Thread
- Replies: 7
- Forum: Middle East Property
- J
Stuck with tenants paying 40% below market value
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...- Jim International City
- Thread
- Replies: 15
- Forum: Middle East Property