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BREAKING NEWS | Builders look abroad amid Dubai slump
EUR | GBP Up 1.109 ,  USD | EUR Down 0.667 ,  USD | GBP Down 0.602
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Nov 03, 2009 at 00:56
Rental rates expected to fall more in fourth quarter after being under pressure in Q3, vacancy ratios to rise.
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By: BNK
Posted: Nov 04, 2009 at 10:54
their pockets are full from the previous years income...
it will take some time before this amount fades away..
then the realistic rents will be seen around...
the second reason for the non reduction of rents are the real estate firms.. now that their selling and buying business is down, they are taking the whole buildings from the land lord on cheapest rent and subletting it on the same old rates.. let us see how far they will also go...
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By: samson
Posted: Nov 03, 2009 at 07:26
I don't understand why a landlord would keep his property empty with no hope of recovery in the near future. Just take a trip around the new developments - you can see so many completed towers with TO LET sign. The rents are still not affordable even for a 1BR flat. Rents should come down even more. Moving to a new flat at this crisis time is a BIG COMMITMENT. No one would make this decision unless the budget is absolutely manageable.
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