Construction & Real Estate

Dubai sees summer shift as tenants switch homes for lower rents

The Dubai real estate market has witnessed a clear shift during the summer months as hundreds of tenants moved home to take advantage of new leases reducing annual rents by up to 15%. The new leases exceeded renewals by 2,139 contracts in August, said a new report. ...

Construction & Real Estate

Abu Dhabi freezes rents for residential, commercial properties

Abu Dhabi has imposed a temporary freeze on rents across the emirate, barring landlords from increasing lease rates for residential, commercial and industrial properties until further notice, in a move expected to provide relief to tenants amid heightened regional uncertainty....