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    Jo Hopworth on Justice For Natalie – Na…
    Mariam on Criminal Complaint filed in Ge…
    Martin Kraeter on ACI Dubai Funds filed bankrupt…
    Independent Observer on Iranian’s lawsuit reveals roya…
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    Dubai Citizen on Al Fajer Properties Case…
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    • Criminal Complaint filed against Al Fajer Properties Sheikh Maktoum
      Criminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum Juma Al Maktoum CEO of Dubai Developer Al Fajer Properties The Dubai Sheikh who mislead and extort a German Couple  Germany – Dubai 2011 A German elderly couple , today 80 + 50 years old who have been Dubai Tourists since a decade, bought in 2005 an apartment at Nakheel´s Dubai Residen […]
    • UAE: Human Rights Blogger, Sorbonne Lecturer Charged With ‘Humiliating' Officials
      source Human Rights Watch www.hrw.org (Beirut) - The United Arab Emirates attorney general should immediately drop all charges against five pro-democracy activists to halt their trial, Human Rights Watch said today. The charges of "humiliating" top officials relate solely to the defendants' peaceful use of speech to criticize the UAE governmen […]
    • Nakheel Dubai Sunland Case
      June 5, 2011After 21 hearings, Chris O'Donnell, the Australian chief executive of Dubai's major developer, Nakheel, came to the defence of his former colleagues Matthew Joyce and Marcus Lee. Mr Joyce and Mr Lee are accused of profiting from the sale of land that had been earmarked for a colossal high-rise development, which was to include the futur […]
    • Dubai Nakheel CEO decided to leave the company
      Dubai June 7, 2011 Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added. O'Donnell has overseen a traumatic time […]
    • Owner of Dubai Developer Damac Hussain Sajwani files case against Egypt corruption ruling
      Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute and the conviction of its chairman and owner, Hussain Sajwani.A Cairo court last week sentenced Sajwani in his absence to jail and ordered him to pay a $40.5 million fine in connection with his 2006 purchase of land at Egypt's […]
    • Dubai Palm Jumeriah - Investors plan to take legal action
      Investors in Dubai Palm Jumeirah’s Golden Mile complex will this week serve the developer behind the project with a legal ultimatum to hand over their units or issue them with a refund.Up to ten investors in the luxury complex plan to issue Souq Residences with legal notice in a bid to force a resolution to a dispute that has been ongoing for more than a yea […]
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dubai Flats’ rents likely to rise as sharing of villas are problematic

Posted by 7starsdubai on September 28, 2008


Flats’ rents likely to rise as sharing of villas vetoed – The National Newspaper

The cost of renting flats in Dubai and its neighbouring emirates is expected to rise following the decision to evict families sharing villas, estate agents predicted yesterday.Thousands of affluent families living in shared villas in Jumeirah, Umm Suqeim, Al Rashidiya and Abu Hail are now looking to move to flats after the Dubai Municipality announced that only one family could live in each villa.

The authority announced a 30-day deadline, ending next month, for the extra families to move out.“The rental prices of apartments are rising day by day, but the news from the municipality will definitely push them up [further],” said Wassim Tarik Malik, an agent working with Wateredge Real Estate in Dubai.

“Pushing the rental price up will also push the property value up, and this can be seen from the last couple of months.”Agents said that two months ago, a one-bedroom flat in the Dubai Marina area was renting for an average of Dh120,000 (US$32,600) a year.

Today, it is nearly impossible to find one for less than Dh140,000. “These prices will keep increasing on a daily basis now,” Mr Malik said.Bassam Abu Diwan, an estate agent with Al Masah, confirmed that a large number of clients he had seen in the past few weeks looking to rent flats were being forced to leave their villas.

A lot of residents from The Springs and Mirdiff areas are asking specifically because of this reason,” he said. “Moving to a villa is no longer an option.”Farhan Zia, an agent with Exelet Real Estate, said: “The situation is shocking because the prices are going up by the day.”According to Mr Zia, the rise in rental prices coupled with the exodus from shared villas is having the knock-on effect of making life very hard for single people in Dubai. Estate agents are forbidden to rent villas to single people, he said, which means they can live only in flats.

“What is also difficult is that apartment landlords are asking for yearly cheques in advance, but people are now being forced to comply because there is no other alternative,” he said. “This is definitely a landlord’s market.”People living in villas in The Springs, Meadows, Arabian Ranches and Al Barsha are also being forced to move to pricier neighbourhoods such as Dubai Marina and Jumeirah Beach Residence.
It is now impossible to find a two-bed apartment in JBR for less than Dh200,000 a year,” said Mr Zia.The municipality launched the villa eviction campaign in July, slapping notices on villas in Al Rashidiya area.

This week, a 30-day final deadline was announced for all villas in Dubai. “No more notices would be issued to villas. Even those families who are sharing villas but have not received notices must move out within the deadline,” a spokesman for the municipality said. He added that once the deadline expired, violators would have their water and electricity supplies cut off, and landlords would face heavy fines – up to Dh50,000.

Charles Thornton, who shares a villa in Umm Suqeim, is unsure of what to do. “I am really scared. I do not want to move to Jumeirah Beach Residence or Dubai Marina because it’s just too expensive,” he said. “
We have started looking but it is all out of our price range, and the prices seem to be increasing too rapidly. Our villa is nice and spacious, and a lot of the apartments are much smaller and you will be paying so much more.“

What happens if they turn around and decide to throw people out of apartments for sharing?” he said.

The municipality confirmed the new rules apply only to villas, and not to people sharing flats.

Some families have already had their electricity supplies cut off. “We lived in darkness for weeks but have not managed to find another home,” said a resident of a villa in Abu Hail. He said he shared the large traditional villa with nine other families until inspectors served them notice last month. “Many have moved out but families with children have stayed because they have to think about the school transport.
Unable to bear the heat, we have moved to a hotel room,” he said.

Families are now appealing for more time to move out of their villas, and also asking for alternative accommodation. Some families living in villas also claim that they have paid several months rent in advance to their landlords, who are refusing to return the money.
However, the municipality has insisted there will be no further extensions of the deadline.

It said what people do to find alternative accommodation is not its concern.

A spokesman for the municipality added: “Families who have formal contracts with landlords can approach the rent committee and make a complaint.

However, nothing can be done for those without contracts.”

nsamaha@thenational.ae
mailto:nsamaha@thenational.aepmenon@thenational.ae

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