The RERA index published, mentions that a 1 bedroom in Muhaisnah 4 should be between 55k to 65k. The 2 bedroom should be between 70k and 75k. Did they mention anything about the size of the apartment, in terms of covered area ??
If thats the case, I wonder if NBAD will renegotiate the rents with us at the end of our current contracts (July '09).
I want to see if we can gather some momentum and ask NBAD to reduce the prices. Especially since there are many options available. Example 1 Br in Discovery Garden is up for 60k. A collegue of mine got a 1 Br in JBR for 80k. I've also heard rumors that the rent of a 1 Br in Old Town is close to 90k.
Besides, with problems in maintenance and etisalat, I would rather explore my options.
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