Developments in the property market

Prices in the propety market of Dubai never stop rising, being more than 30% a year. Almost every day you can read in the papers new forecasts, summaries of pasts quarters and so on telling the same story - property prices soar.

It is not unusual to read how government is demolishing older building and how its current inhabitants have nowhere to go as they can't afford anything in the market. People live on rooftops, abandoned buildings and where not. Even if they have a job!

For property owners Dubai is a great business. More money pouring in than ever before. Even though the law prohibits to raise the rent prices more than 15% a year, landlords just evict the current tenants for whatever reason ("I wanna lived there myself" etc) and then raise the rent however much they want. Since the market has far more demand than supply, they can do that.

A couple of days ago there was an article saying how landlords have new tricks - they are offering cheap rooms in return for sexual favours. Different websites that have adverts for flat shares - including several for one bedroom and studio apartments - are attempting to lure young, single European women with the promise of discount rents in exchange for sex.

I'm not sure whether they really do get "lucky" as Europeans are (usually) in quite well-paid positions and can afford housing. If the same offer would be made to girls with Asian origin who don't get paid much at all, some desparate women might even consider this. But I hope not. Its like become a sex slave on your free will. And your home security will be forever in the hands (or some other body part) of your landlord. Quite sick huh?

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