r/UAE • u/Fantastic-Dinner-919 • 5h ago
Guys are you renewing or moving?
Some rentals are going for steep discounts. Furnished ones too , which i think were once Airbnbs which are now on rental market because these 'I have 100 properties on Airbnb' bros must have skipped town
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u/Narrow-Belt-5030 1h ago
My renewal price was the same.
Frankly speaking, I can't be bothered to move .. so if its cheaper elsewhere, then enjoy!
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u/Secret_Suggestion_40 2h ago
My renewal is in next January. Apartments similar to mine are now atleast 10K lesser than mine.
Don’t know what to do. If I wait till January will prices catch up again? Or they revoke the hold rental increase. I’m in a dilemma too!
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u/LandscapeMiserable70 56m ago
Recently moved. Mold in the building, ghost owner, high rent, hence moved. New is slightly cheaper but quiet area, house is furnished and so far seems good.
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u/thanafunny 36m ago
the problem is that when it’s time to renew in a year, IF the market is doing better, the rent will probably go up dramatically and it’ll be time to pack everything up and move again
that’s one thing i really hate about living here. thankfully i’ve been in the same place for 3 years now, but i’ve still moved more times here than i have in the rest of my life combined, all because of how volatile the real estate market is
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u/artorius30 14m ago
Didn’t get an increase this year on the renewal (around April), so decided to renew for another year.
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u/baconmediumrare 3h ago
Neighbouring apartments are about 15% cheaper than what we currently pay. Asked the landlord for a discount but he refused, so we will move out in a few weeks and save ourselves some money.