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Dubai: Hundreds of anxious Satwa residents fear they may be evicted as their current homes are on the site of a proposed replacement project, Jumeirah Garden City.
One resident, who did not wish to be named, said rents are "ridiculous" in old buildings located in traditionally cheaper areas of neighbouring Karama and Bur Dubai.
Rents for a one-bedroom apartment now range from Dh75,000 to Dh100,000 a year and rent for a two-bedroom range from Dh95,000 to Dh130,000, with no parking facilities or balcony.
In the Barclays Bank building on Bank Street, a two-bedroom apartment is currently available for rent at a massive Dh275,000.
End of contract
Affected tenants in Satwa will be given over Dh80,000 per family to help them find new housing. According to a source, tenants have until the end of their tenancy contract to leave and they have not been issued with eviction notices.
Nationals without high income who rent in Satwa are being given new housing in the Al Quoz area.
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