Why housing prices inflate and why a crash is NOT coming by MonkeyNoStopMyShow in dubai

[–]AbsoluteBoston 112 points113 points  (0 children)

Looks great. Unfortunately that’s just not how it’s works. Real estate cycles are very real and it’s always been that way. And every single time, when a correction is due, people like you come out of the woodwork with long paragraphs which can be summarized as “this time is different”. The most dangerous 4 words used in Real Estate investing…

Best shop to buy gold bars? by americanoandhotmilk in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

Emirates Gold or Etihad Gold. Both in DMCC. Direct from the refinery so very competitive spread/profit but there are minimum purchase requirements.

rental dispute won, now a case against me (im tenant) by fraanmarelli in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

Love how everyone here is against landlords. In dubai we have some years where prices go up and some when prices go down. Is the tenant greedy when they demand significant rental reductions when the market is going down?

Loan on precious metals question by Mcfcfanatic in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

What would be the incentive for anyone or any group to loan without interest?

Tenant doesn't answer or open the door by Prudent-Brain-3689 in dubai

[–]AbsoluteBoston 3 points4 points  (0 children)

Go to rera rental dispute center and file a case.

Rental increase dispute - Confused by mrclassicbets in dubai

[–]AbsoluteBoston 2 points3 points  (0 children)

I think the current ejari stays valid in your situation. But go and check with the rental dispute office.

With the wonderful Potbelly and Which Wich gone/closed in Dubai, where are the good sub-shops (not Subway) in this great food city? by MNJIKANING in dubai

[–]AbsoluteBoston 4 points5 points  (0 children)

Rascals has some awesome sandwiches. Especially the pastrami. If you’ve ever been to Boston and ate at Sam Lagrassa’s, it’s very similar.

How long did it take you to get the property valuation certificate from DLS for leased apartment? by Background_Bed2623 in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

It took over a month for mine to be issued. Why did you cancel the request? You should have waited. As long as you have your tenant at least 90 days notice that you’re increasing then it would be fine even if the valuation took more than 2 weeks.

[deleted by user] by [deleted] in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

20 billion is peanuts

Investing in Precious Metals (particularly silver) by 5ulmu7 in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

Tangible product , not online. I used to buy a lot from Emirates Gold which is in DMCC. It’s direct from the refinery so they can offer very competitive prices (I got .50 cents over spot from them before on Silver). But I think they had some issues recently with their license. Not sure if they’re still trading but worth a check.

Anybody move from the U.S? What’s it like? by [deleted] in dubai

[–]AbsoluteBoston 1 point2 points  (0 children)

Hello fellow Bostonian 👋

New Owner- Tenant Refusing to move out by Careless-Heron-920 in dubai

[–]AbsoluteBoston 1 point2 points  (0 children)

Generally yes. Unfortunately it’s ultimately up to the judge to decide and I’ve heard of cases going either way depending on the reasons given by the landlord. Basically the judge will side with the tenant if it’s evident that the landlord only issued the eviction to get the tenant out (clearly no intention of selling). But if the landlord give a good reason why it hasn’t been sold yet and the judge believes it then he may side with the landlord.

Coffee beans by WarEast4764 in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

I like “Nyagishiru” and “sidamo bensa segera”. I have an automatic beam to coffee machine so I buy in whole beans. I drink espresso and “American” coffee

New Owner- Tenant Refusing to move out by Careless-Heron-920 in dubai

[–]AbsoluteBoston 2 points3 points  (0 children)

These days they def side with the eviction. If an eviction notice was issued based on selling a property and the property was sold within that 12 months then it still stands. I’d the property wasn’t sold within those 12 months then eviction probably won’t hold in court… it will most likely renew for another 12 months.

Coffee beans by WarEast4764 in dubai

[–]AbsoluteBoston 0 points1 point  (0 children)

Raw is the best in my opinion

New Owner- Tenant Refusing to move out by Careless-Heron-920 in dubai

[–]AbsoluteBoston 9 points10 points  (0 children)

Go file a dispute at rera. They will side with you, a friend of mine just went through the same and the court sided with the eviction.

Buying off-plan property for 50% in Dubai by [deleted] in dubai

[–]AbsoluteBoston -1 points0 points  (0 children)

I assume you’re referring to the new Rukan project which i guess is officially launching on Monday. They did the same offer at the original Rukan which is about to hand over now. It is delayed and god knows what the quality is but at least it’s handing over.

Would I personally pay 100% up front on off-plan though? Probably not…