IC is doing more than great

[Yasir]

You can contact me for anymore reviews .. shire_786 at hotmail dot com

[muqarabin]

Originally Posted by Yasir

Kausar .. 65K For a One Bed is on the lower side .. The Ongoing price is 75K for 2 or 3 chqs .. so it wud be better to go for a different agency ..

and as they are charging 5% from u as well .. u shud change as soon as possible .. as here in Dubai No Agent Charges From The Owner ..

So Yasir, if the agent doesn't charge a percentage fee, how does the agent make his/her own money???? Just wondering!

[anwar khan]

Originally Posted by muqarabin

So Yasir, if the agent doesn't charge a percentage fee, how does the agent make his/her own money???? Just wondering!

Hi muqarabin, agents charge the tenants

Regards,

[muqarabin]

Originally Posted by anwar khan

Hi muqarabin, agents charge the tenants

Regards,

Anwar,

Thanks for the info. Very strange though, but then again is it not the same. i.e the agent takes the rent off the tenant and takes a percentage off it and gives the rest to the owner???? So who is being charged? The tenant of the owner.

Case of Potato Potaa-to me thinks

[anwar khan]

Originally Posted by muqarabin

Anwar,

Thanks for the info. Very strange though, but then again is it not the same. i.e the agent takes the rent off the tenant and takes a percentage off it and gives the rest to the owner???? So who is being charged? The tenant of the owner.

Case of Potato Potaa-to me thinks

Put it this way, whatever an agent charges a tenant hasnt got nothing to do with the rent agreed between you and your agent...Suppose your agent finds a tenant for you for 70k then you are supposed to get that 70k without any deductions so that means thats your tenant's headache to pay the agent his/her commission on top of the agreed rent...hope you will find it helpful muqarabin

[iced]

IC is the cheapest place to live in dubai and the rents are going up due to the satwa effect. Prices may continue to increase from these inflated prices but once Ajman comes online in a couple of years these rents and prices should fall.

These are really high prices for basic accomodation which a lot of people cant afford along with other living expenses and short term look to continue up.

Once prices start to correct in dubai IC will probably be low risk due to the fact that it is the cheapest place.

[Bilal Usman]

About Prices in IC

Lastest Selling is 730K and 760k Recently for 1 Bedreoom in CBD-Lady Ratan ( Lokandwala Project) Project Completed and Waiting for Handover.

Classic Apartments( Shieffield) CBD ( UnderConstruction) 3-4 Floors Completed, total G+10 Building, any prices Ideas there for 1 Bedroom ( Without Balcony and Study) ?

[kully sanghera]

Dubai property sector remains positive despite global credit crunch

[maria_ad]

Originally Posted by kauser

My one bed apt is due to be vacated in mid october & the agent I am currently using is saying I can expect DHS 65k in four cheques when new tenancy is taken. Is this a bit low? It will be rented unfurnished. Should I use a different agency. I live in UK & therefore am unable to go to different agents to check out prices! The current agent also charges 5% commission which is deducted from my 1st cheque.
Can anyone advise of other reputable rental agencies!

Thanks

Hi Kauser,

Yes change your agent as soon as posible.... here in Dubai, theres NO AGENT charging commission from the Owner/Seller....its is the buyers'/clients' pocket.

Market price for IC Studio AED 60K/yr. For 1 Bed AED 75k/yr. It can be 1 or 2 cheques.

I hope it will help.

Cheers!!

[maria_ad]

Originally Posted by muqarabin

So Yasir, if the agent doesn't charge a percentage fee, how does the agent make his/her own money???? Just wondering!

Hi Mr. Muqarabin,

As per Dubai Tenancy Law, the tenant/buyer is the one who will pay commission to the agent. If the owner want to give some amount to the agent for renting out his flat then its up to him.