Discovery gardens leading the fall down

[sasherwani2]

35k is a reasonable rent for one bedroom. By the end of the year we might touch that price, but not for long. Next year this place will start dancing again. Too much money are waiting to be splashed again in Dubai, remember USA are printing money 24 hours at the moment and big inflation is on the way very very soon.
The $ will sink very quickly and the dirham to follow. But the real value of the properties will keep on going down

This place will start "dancing" again? Why so? Are you creating a million jobs in UAE by next year for the expatriates to come back? Thats the only way the excessive supply will meet the demand.

I personally feel 2010 will witness Dubai attaining sustained rents. Nomore bubbles shooting rents up the roof.

DG 1 bedroom AED 33k-35k (annual appreciation around 6%)
JLT 1 bedroom AED 38k-42k (annual appreciation around 6%)
Marina 1 bedroom AED 40k-45k (annual appreciation around 7%)
Springs Townhome 2 bedroom AED 58k-62k (annual appreciation around 4%)
Int'l City 1 bedroom AED 22K-26K (annual appreciation around 5%)
Greens 1 bedroom AED 40K-44K (annual appreciation around 5%)


Watch this space in 2010