How Can Landlords Deal With The New Abu Dhabi Rent Cap Now before I get lynched by all the tenants out there I am completely impartial as regards the landlord and tenant relationship. Brokers are often accused of working for landlords to keep rents high but I firmly believe that your client is the person who pays you, which in Abu Dhabi is the tenant (I wish it was the landlord). However, as I offer...
Five Reasons Not to Get Excited About the New Rent Cap So, we're hearing from a lot of sources that Abu Dhabi Department of Municipal Affairs and Transport have put out a message saying the rent cap is back, and back at 5%. Let's look at what this means and why it is unlikely to stick: 1) The Abu Dhabi Department of Municipal Affairs and Transport (ADM) are the new real estate regulators pursuant to Law 2...
As promised here is the second article in this series for HR and Onboarding Managers but useful for everyone to understand housing allowances.The first article on breaking leases is here Hiring staff to the UAE is a costly and time-consuming enterprise so it is imperative that companies in the region retain the staff they bring in. Nothing affects staff retention more than unhappy families and the family...
Do UAE Housing Allowances Distort the Market? Housing allowances are an unusual feature of UAE living. Back in our home countries we just get a salary and can spend what we like on our housing, here in the UAE we get an allowance from our employers. The way housing allowances are given also varies from company to company and this article will explore how that affects the market. You can see a related...
We are very pleased to be opening our new location on Reem Island in Boutik Mall just beneath the iconic Sun and Sky towers. We hope that this central location will mean that our office becomes a hub for leasing and sales on Reem Island. The office is in fact a 90sqm open plan and modern kiosk on the first floor of the Mall next to the Khidmah office. It will be staffed seven days a week from 7.30am to 9...
What Do Greedy Landlords and Unicorns Have in Common? They both don't exist. I'm writing this article in response to a comment someone made on an article I shared on rents falling in Abu Dhabi. It was a comment on landlords being greedy by hiking rents 20% in 2014-15 and how they are now getting left high and dry. Greedy property owners who ask for above market rents never become greedy landlords because...
THE ABU DHABI REAL ESTATE MARKET IN 2016 The property market in Abu Dhabi is showing some very interesting cracks at the moment. Rents and sale prices are decreasing in some parts but holding up in others. General sentiment in the market, particularly on the sales side is depressed with lots of people looking but bid and offer prices still relatively dislocated. At the time of writing (August 2016), there...
Did You Miss Out on Phase I of Yas Acres? - Phase II Launches Saturday This is your August Newsletter - Still no news on the 3% tenancy tax I’m afraid. Generally not too much interesting going on, although our first group of agents who took the Brokers course have now received their certificates (after four months). State of the Market - I have recently written an article for Property Weekly on the...
Five Reasons You Need Property Management Our most common customer looking for property management is someone who is either out of the country and needs a safe pair of hands for their unit or is someone who is having trouble renting their unit and needs our assistance. These are both great reasons to seek out a trustworthy property manager, but this is very much the least we can do. And with property...
Why Genuine Property Investors Never Buy Cash So you think you’re a Property Investor, a Guru, the Jedi of Returns, the Master of Capital Appreciation. If you are buying with anything but as much debt as you can then you are still an amateur. Maybe you’re rich, obscenely wealthy, money is nothing to you – if you’re buying with cash you are a mere beginner on the property scene, level one, there...