Dubai Marina - advice

[gordano]

I purchased a 1 bed apartment (over 600 sqft) in Dubai Marina, Panoramic, January 2007, price AED 750,000.

How much would it sell for today?

I have been renting it for AED 80,000 per year ... tenant leaves in October 2009. If I carry on renting how much would I get in today's market?

Thanks in advance for you advice

 

[gordano]

If you are looking to sell it or want help to rent it out please PM or email me [email protected]. My sister company in Dubai is RERA approved and accredited for outstanding service.

Thanks, but I am not necessarily looking to sell, initally I am looking for feedback on current rents and prices.

Thanks for the offer though

 

[dr_property]

I purchased a 1 bed apartment (over 600 sqft) in Dubai Marina, Panoramic, January 2007, price AED 750,000.

How much would it sell for today?

I have been renting it for AED 80,000 per year ... tenant leaves in October 2009. If I carry on renting how much would I get in today's market?

Thanks in advance for you advice

Hi,

Well I must admit you have a nice buy here. At the moment the prices are ranging from AED 900 per sq ft till AED 1,200 per sq ft...depending on the tower. I recommend you to simply rent it out at AED 90K per year. This is the rent in Dubai Marina now...don't know the status once your tenant leaves.