VBU-Vacation

Anyone that is thinking of yacht charter, is standing in front of different decisions that must be made. Except the date, the place and the budget of the whole cruise, the important issue is the yacht itself – its size, make, model and year of production. Especially the last criterion is the most problematic for all, who haven’t charter a yacht before. What yacht to choose – a newer or older? Do they differ in standard? Which of them has the biggest tendency to be faulty? The YACHTIC.com crew have decided to answer all these questions.

New Yachts

New yachts always seem like a very tempting option. Just like when choosing a hotel, we want everything to be fresh, clean, shiny from newness. On new yachts, especially those that have not yet been intensively exploited, it is indeed so. This means high comfort and pleasure of sailing. Everything has its price – we’ll pay more for these yacht charters, so you need to think about your budget in this regard.

Older Yachts

Older yachts are a slightly different story. It’s a boat, used before by different crews, which is often felt to a greater or less extent. It is noticeable mainly in details – some of the elements will be scratched, others tarnished or slightly ripped, but this does not mean that the yacht is non-functional or heavily used. If we are able to accept the lack of fresh look of the yacht, the difference with newer units will seem to us to be slight. A lower price in turn will allow you to increase your budget for other attractions!

Defects

A popular opinion that newer yachts are more reliable, and the older ones have a tendency toward defects, isn’t necessarily true. Absolutely new yachts need time to get all their elements together. The first voyages are a period when unforeseen faults can occur. Older yachts have it to themselves that what was supposed to happen in them has already settled. Current service helps eliminate most of the malfunctions, and those that can occur during the cruise are usually simply due to old age or wear out. There is no rule as to which kind of yachts is better. Both younger and older yachts are worth considering – much depends on our personal preferences and expectations.… Read More

World markets are facing slump for quite a year now, but dubai market still didn’t get affected by much. The main reason for this is the buyers and investor trust on this sector. Because both are still making good profits. I acknowledge, it is not as profitable as in the past; But real estate agencies in dubai like for example Key One Real Estate Dubai based company are very hopeful of the good future. They thought after expo 2020 dubai market will again get back to its past glory.

One in five UAE residents were found to be paying a higher rent for the same property in the second quarter than 12 months previously, according to a new survey.

Negotiation in rent

The findings, based on responses from 1,347 residents collected by comparison site Yallacompare, appear to come in contrary to reports from real estate agents indicating tenants have been able to negotiate rent decreases during the current market slump.

Consultancy Asteco noted that tenants were “increasingly taking advantage of declining rents across the board” in the first quarter as rates fell across the country.

The firm recorded similar declines in rents in Dubai, reaching up to 16 per cent year-on-year, in the second quarter and indicated the trend would continue over the next three months.

Rent Stats

Yallacompare said its survey showed 20.4 per cent of UAE residents were paying less in rent than they were 12 months ago, more than 40 per cent were paying the same as last year and 38.6 per cent were paying more.

For 9.9 per cent of those paying more it was because they moved to a larger more expensive property. However, of the 66.5 per cent of respondents still in the same home 30.8 per cent were paying more than last year – or 21 per cent of all respondents.

Demand for the short term rentals is expected to increase in Expo 2020 and the owners of apartment as well holiday homes companies can take benefits by offering their units as holiday homes instead of renting their apartment on annual basis.

“There’s clearly a discrepancy between the perceived wisdom that rents in the UAE are dropping and what people are actually seeing on the ground. The confusion arises from the sampling methods employed in surveys,” said Jonathan Rawling, CFO of yallacompare.

Properties Listings

“Traditionally, real estate reports focus on the data found in new property listings. With this data, we can track price trends of newly listed properties. This is useful but the fact that the property in question is listed means that there has been a change in tenant.”

Of tenants who stayed in their current homes, just 19.8 per cent were found to have secured a lower rent than the previous year and 49.4 per cent were paying the same.

The majority that secured an increase (52 per cent) only saw a reduction of 5 per cent or less.

Rawling speculated that many tenants thought arguing over the rental … Read More