What is the average home prize in dubai?

Question

and What is the average home rent

Answer 1

its very expensive, if your looking to rent depend on the neighborhood and the house size for example in my area Mezhar its 170,000 to 220,000 for 4 bedroom house... if you want to buy my house cost us 6,000,000 to built that was 3 years ago when it was cheap now we had an offer for 13,000,000 its 6 bedroom, 2 floors, 2 maid rooms with bathrooms, 2 driver rooms, 3 kitchens , 4 living rooms, 2 dinning rooms, a study, 2 majles the total number of bathrooms 12.... so do you think we should sell? do you want to buy it.... recommend that you rent in sharjah or ajman its cheaper.

Answer 2

DUBAI — Rising rents in Dubai which has put residents in a tight spot is also hampering the holiday plans of a large number of expatriate families this year.


Several families that save money over the year to visit their home country or a tourist destination to beat the summer heat say they are forced to remain home because their household budget is thrown out of gear with rents taking up almost 40 to 50 per cent of their monthly income.

They blame the landlords for the erratic increase with every passing year and no price stability visible for the next couple of years. All kinds of small pleasures including a visit to near and dear ones back home is now becoming a distant dream for many who are both employed or running their own private businesses.

“There has been no savings whatsoever in the last two years,” complained a Dubai resident of 30 years who is unable to visit his extended family this summer. “I have been residing in Dubai for a long period and never before missed taking an annual vacation. But this year, my house rent is slated to increase from Dh60,000 for a two-bedroom villa in Satwa to Dh93,000 from September 1. Besides, the rent for my office located in the same area has also increased from Dh23,000 to Dh36,000,” he added.

Complained A. Narain, a sales manager of a trading company in Dubai: “The rent increase has taken a toll on way of life.”

“My family has not visited India for past three years because of the high cost of living in the emirate. I live in a two-bedroom apartment in Al Ghusais and paid a rent of Dh30,000. But this year the rents have gone up to Dh45,000 leaving me very little choice. Either I pay the hike or vacate the apartment. How can I absorb the increase in my salary of Dh6,500 with two children and a wife to support?”

Narain disclosed that even though he is entitled to free airline tickets for the family, the other travel expenses account for not less than Dh5,000 to Dh10,000. The same amount can now be saved and utilised to pay off part of rent hike, he pointed out disclosing that once again the family’s holiday plans to Bangalore will have to take a backseat.

Abdul Rahman, who recently received a rent hike notice, said: “My two little children want to go on a holiday like their friends in the neighbourhood. But how can I explain to them that we cannot take a holiday once again this year because of financial constraints.”

“My rent from Dh27,000 for a studio apartment has been raised to Dh35,000 in Bur Dubai. How can I afford the rising rents with no revision in salaries. Keeping the family in Dubai was anyway difficult, but I was forced to do so because of the security situation in Karachi. This hike will leave me with no other choice but to send them back home for good and expose the children to violence and crime,” said Abdul Rahman, expressing disbelief on the changing attitudes of landlords in Dubai.

“My landlord is very rude and inhuman,” said another resident who disclosed he has been warned of forceful eviction if he fails to pay the hike.

“I cannot even complain to the rent committee because I know the decision will favour the landlord. When I took some newspaper clippings highlighting stipulations on rent increase to the landlord, he paid no heed to it and asked me to produce a copy of a government order or decision on rent hike in Dubai.”

Recently a senior Dubai Municipality official described landlords in Dubai as having become greedy and said it was inappropriate that rents cost more than 40 per cent or higher of a resident’s income, though ideally it should not cost more than 25 per cent.

However, the rent committee at Dubai Municipality has almost finished drafting a new rent law which is to be submitted for approval with higher authorities soon. However, no informations is available as to the proposed changes in the new rental law, a source at the Dubai Municipality said.

Answer 3

50,000 a mouth for a 2000sq ft condo