K
k-man
New Member
Hello Everyone,
I had to rent out a 1-Bed apartment in the South Ridge Towers about 2 months ago...and was quite taken aback with the rents that owners of this property were scoring...I personally had to settle for 125K (in 2 Chqs)...
At the moment, I believe that some of the owners of similar properties are willing to rent their apartments at about 130K - 140K (in 2 chqs)...
Was just curious to know your opinions about the following:
1…Is a 125K rental yield for a 1 Bed in this vicinity under priced?
2…Is the rental yield dampened because of all the construction work around the area?
3…What is a reasonable estimate of the rental yield one can expect by Jan 2010 when the Burj project is more ready than now – feel free to take a guess?
4…Would this rental yield have been more if Emaar had released the towers in batches?
Am quite keen to hear your views on this.
Cheers,
k-man
I had to rent out a 1-Bed apartment in the South Ridge Towers about 2 months ago...and was quite taken aback with the rents that owners of this property were scoring...I personally had to settle for 125K (in 2 Chqs)...
At the moment, I believe that some of the owners of similar properties are willing to rent their apartments at about 130K - 140K (in 2 chqs)...
Was just curious to know your opinions about the following:
1…Is a 125K rental yield for a 1 Bed in this vicinity under priced?
2…Is the rental yield dampened because of all the construction work around the area?
3…What is a reasonable estimate of the rental yield one can expect by Jan 2010 when the Burj project is more ready than now – feel free to take a guess?
4…Would this rental yield have been more if Emaar had released the towers in batches?
Am quite keen to hear your views on this.
Cheers,
k-man
