By Daniel Shane www.arabianbusiness.com
A senior executive at real estate firm DAMAC Properties has urged Dubai residents to stop complaining about rising rents, specifically those who live in luxury developments that are above their pay-grade, such as the Burj Khalifa.
Speaking to 7Days newspaper, managing director Ziad El Chaar said it was “impossible” for someone earning AED15,000 ($4,083) per month to live in an apartment in the world’s tallest building and urged these renters to move to “a decent building with good surroundings” elsewhere in the emirate.
“We need to understand that we have different areas in Dubai that are not built for everybody,” he told the newspaper. More info