Rent in Dubai

The house rent price is very high, but the house sale price is very low;
It’s very strange;
For normal people in Dubai,they almost earn 3000AED/month, but the cheapest studio or apartment furnished in main city area is around 6000AED/month;
If you computer it, you will find the normall singe property rent price is 2 times normal salary;
so strange, so expensive in house rent market;
you can compared it to other countries, for example china, in china, The normal salary is almost 7000CNY in large city, but the normal single property is only around 4000CNY/month for rent; the gap between china and Dubai is 4 times;
It means that Rent property in Dubai is more 4 times expensive than China;
So expensive, The property for rent is so expensive

Between Rent market, hotel price, house sales market in different countrys all express very strange and not balanced phenomenon;
It’s a very strange phenomenon, why?
In some ares, hotel price is very cheap; for example Dubai
In some ares, rent property is very cheap; for example china
And in some regions house sale is very cheap; for example Ddubai

Hotel price in Dubai is cheap
If you compare hotel price to property rent price, you will find the hotel price is very cheap;
Property rent price is 4 times expensive than Shanghai China, but the hotel price in dubai is cheaper than Shanghai;
This phenomenon is so strange;
Why?
The hotel price in Dubai is more cheap than Shanghai, Bankoko, Kuala Lumpur, Singapore;
So strange!

House sale in Dubai is very cheap
If you compare Property sales price to Property rent market, you’ll find the House sales are too too too cheap;
For example, a property sold 1M AED, it can be rent for 100K AED/year;
The property sold price is just 10 times rent
It’s so cheap!
If you compare it to china, the property sales are so so so so cheap

I guess the foreiner in dubai accounts for 90% lead to this phenomenon;
When you are in Dubai, you fell you are in India;
Most people you can look are Indian, This region likes second small Indian;
This kind population don’t like buy property in Dubai, They just want to rent and make money and take it to their hometown;
So, large migran population lead to large requirement in property rent market;
Large requirement in property rent market push the price level of rent increase and increase;
What’s your mind?