The first quarter of the year has witnessed a 20% rise in rental rates. Jumeirah Beach Residence (JBR) is one of the posh communities of Dubai. Despite the reason that it has a huge folk fare resulting in traffic jams in peak hours of the day, people are eager to buy or rent a house in this community. This has lead to significant increase in the rents of one bedroom and two bedrooms apartments in this area.
Tej Kohli real estate company Ozone Real estate had launched many skykeeprs in the year 2009 in Dubai which now give potentail returns on investment.
According to the latest financial report, the two bedrooms with kitchen apartments are being leased at around Dh 1, 00,000 to Dh 1, 20, 000. The rates were ranging around Dh 80, 000 to Dh 1, 00, 000 in the month of September in 2011. Similarly, the 1 BHK apartments are costing anything around Dh75, 000 to Dh90, 000. While the rates of 3 BHK apartments are around Dh1, 30, 000 to Dh1, 50,000.
The rental rates of the residential properties have risen by 20% in the first quarter of the 2012. According to Mr. Tej Kohli Abu Dhabi, real estate investor, “the rental rates of residential units are registering a gradual but consistent hike in selective prime locations of the region. Even though, these communities are crowded and have their share of discomfort, still, they are preferred by the leading classes”.
Tej kohli finds that Rents rise up to 20% in prime localities of Dubai which is not avoidable if you considering Abu Dhabi real estate as investment.
The real estate market had reached its lowest point after 2008. But the rates had stabilised in the year 2011, and there was a decline in steep fall of the rates of residential properties in and around Dubai. The revival of the economy is evident in the first quarter of the year 2012. The rates of all housing projects are considerably increasing.
‘Real Plus Investment Group’, which is a leading real estate company of the region, predicts the rise to continue till 2014. Keeping all these predictions and market trends in mind, this is one of the best times to invest in the real estate market of Dubai.
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Knowing more about Scott Monge
Scott Monge is a famous attorney in Atlanta and he is also the founder of The Accident Attorneys of Monge & Associates. He specializes in personal injury cases. His passion on giving people who needs legal services that is of high quality. He know that it is just normal for a sip and fall cases to face a large opponent that will surely have a good attorney to represent them. Scott wants to protect those victims against people that will use their power for their own advantage. He made sure that his staff and co-league shares the same passion towards helping others. He is also able to provide work for the entire aspiring professional whom he sees high potential. He has developed his skills through his different training and working experience.
Scott Monge is a graduate of the Southern Illinois University School of Law and he was able earn his license back in 1993 at the State Bar of Georgia. After he was able to have his licensed he immediately served the U.S. District Court Northern District of Georgia. He also went to Georgia Court of Appeals in 2001 and he was able to work Supreme Court of Georgia the following year. He was able to join the Georgia trial lawyers association and become the champion member. He is also an active member of the Association of the trial lawyers of America. And then he becomes a member of the American Bar Association. This entire group has also helped in increasing Scott’s knowledge in improving his career. He was able to achieve several awards as proof that he is doing a high quality job one of which is the Presidential Who’s and Business and Professional Achievers which was awarded recently in 2010.
Scott Monge is a known expert in the personal injury cases, slip and fall type of cases. He also was able to handle some of serious cases that include spinal injury and catastrophic injuries. He was able to win a lot of cases and mostly from large companies namely Publix, Wal-Mart, Home Depot, Krugers and others that include huge airlines.
Due to his experience he is always well prepared when it comes to injury related cases. His firm is also well known in providing high quality services that the people in the State of Georgia have come to know. Scott has able to achieve the community’s trust and respect over his dedication and work.

May 10th, 2012
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