During mid October of this year, Instra (accredited .ae registrar) has decided to hike its price for .ae domain name registrations from the industry low of $33 to the industry high $75/year for .ae domain names registration. Guess what, existing clients who had hundreds of domain names registered with instra at super cheap cost must also pay the new price, which is over 127% higher!
Hundreds of domain owners have already panicked and started to look for a new home for their domains and hundreds more are not yet aware of this hike as there is no official comment from Instra with regards to this price hike.
It is very common in the industry to start with a price killer strategy and then hike the price all of the sudden. In most cases, the victims of such actions are budget conscious domainers who register in bulk, they will surely start moving the domain names away to local registrars which also sell the domains at $33/AED 120 / year.
More to come..