Dubai’s real estate market is booming, thanks to its growing expatriate community. As rental prices soar, landlords are offering flexible payment plans, often allowing tenants to pay in 6-8 installments. With thousands of new residents moving to the city, competition for rental properties has intensified, driving up statistics.
By providing more flexible payment options, landlords aim to retain tenants and attract new ones, especially as affordability becomes a major concern for many. This move not only benefits tenants but also contributes to the overall stability of the real estate market.
Lewis Allsopp, chairman of Allsopp & Allsopp, said, “The majority are looking for homes to rent. To promote transparency and fairness in the rental market, the Dubai Land Department launched the Rera rental index, empowering both landlords and tenants with the knowledge of their rights regarding both rent increases and eviction notices,” reports Khaleej Times.
A local UAE resident said, “Given the rapid development and increased cost of living in the country, the rise in rental prices is inevitable. Monthly expenses, including school fees, utilities, and data plans, contribute to the overall planning on residents.”
