My GAWDDDD- everyday they are hawking a new product and selling her shoes and clothes online. The optics of these two are bizarre. She did mention that her rent for her new apartment (or what sergioooo equates to a new york city apartment) is more than what she paid for her house she just moved out of. She actually said that we should stay away from dubai because people are moving there and prices are being driven up. Maybe, they are the ones that may need to move out of Dubai.
She doesn't have a clue and is spewing rubbish.
If she knew anything about the property market in the country she is living ing, she would know that rental prices are not increasing due to people moving to Dubai, there are other market drivers at play.
In fact, while rents are increasing, they are still not back to where they used to be a few years ago. Apartment rents are not increasing at all, maybe even still dropping, it is villa prices that are increasing as everyone who got stuck in a high rise apartment during Covid, now wants out of there, so rental prices for villas are increasing and there is a shortage of villa property in good locations at the moment (very few people would want to live out in Al Barari, where she lives ). Although, maybe availaibility and cheaper housing is forcing people to move out there.
However, there are government restrictions on how much a landlord can increase the rent by, so someone already renting a home can only legally have their rent increased according to the government guidelines for that specific area. Therefore a rent can only be increased significantly if it is new tenants moving in, then it is market rate and whatever someone is willing to pay..
Tenants are very well protected in Dubai, to get someone out of your property, you have to give them 12 months notice to vacate, and even then the ONLY 3 reasons you can evict someone is if, 1) you are selling your property, 2) It is in disrepair and needs major construction repairs 3) if the owner wants to move in to the house himself, if he evicts his tenants due to this reason and then doesn't move in, he cannot re rent his house for 2 years, and can face a huge fine if he flouts this law.