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Friday, January 14, 2011

Desperate Dubai Landlords

Landlords in that awful PR spun fantasy land of Dubai are now so desperate to find tenants for their over developed sandpit that they are offering to pay prospective tenants relocation costs, including packing and removals.

Other scorched landlords are offering free stays in Dubai's luxury hotels,..... well let's face it they've got enough spare rooms.

Local property experts predict an over supply of 100,000 residential units in Dubai by the end of next year.

We thought times were hard in 'dear old blighty' but at least landlords can be reassured by the restrictive supply of property that will continue to shield us from complete financial meltdown by inflating rents.

I never thought I'd say it but, "I love our bureaucratic, obstructive planning system!"

and I hate Dubai as a place to invest.

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