A lot of people nowadays complain about rising rents in Dubai. And I agree it is hell... But why blame landlords all the time? Yes, they increase the rents by more than 30% in some cases but wouldn't you if you were the landlord in that situation? All the landlords are trying to do is to get as much revenue from their investment as possible. Or at least not less than others for the same kind of property.
It is a simple supply and demand situation. If there are many people who want your property and there are not enough properties like that to satisfy such demand, prices rise. It is only natural.
It is a simple supply and demand situation. If there are many people who want your property and there are not enough properties like that to satisfy such demand, prices rise. It is only natural.
2 comments:
Landlords became very greedy. Our landlord told us to move out because "his family wants to move in". We don't believe him. I think he's going to find another tenant who will pay much more. He didnt; even ask us for the increase. We don't know if we have any rights or not in this matter.
oh dear. i'm sorry to hear that but i think it's fair that you need to vacate the place as soon as your contract expires. you should have the preferred right to renew on NEW terms. i'm not a landlord myself, i'm a tenant. but i think it would be unfair for landlords to miss out on the good market conditions.
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