How much rental business is moving right now in AD?
I am looking for an honest response. My question is because I have dealt with realtor and management companies in Reem Island, both commercial and residential.
Sadly their attitude hasn’t changed. We were paying a 95k dhs for a 2 BDR in Reem a year ago. Our contract is expiring and now they are asking for 122k dhs.
We discussed with them to lower the price and to allow for early cancellation.
But they didn’t. I called to have a conversation and they denied everything. It is either their way or no way. This is something that I can’t really understand.
And the most important thing is that I can’t understand the attitude.
Why are you guys like this?
This isn’t someone who isn’t looking to rent. It is literally someone who is looking to rent, has the money, and was just looking for a fair value. Keep in mind that fair value would be 5% of the previous contract in most developed markets.