Dubai tenants staying put as rents stabilise

NEW LEASES MAY COST UP TO 30% MORE THAN RENEWALS

- BY MANOJ NAIR

Whether you're a tenant in Dubai Marina or Arjan, the rental trend is clear: stick with your current landlord, negotiate the rent, and renew your lease before heading off on your summer holiday.

This is happening even as Dubai sees brisk handovers of newly completed residential buildings across locations.

From the tenant's perspective, renewal still makes for better savings in most cases. On a new lease, tenants are possibly looking at spending anywhere between 10 per cent and 30 per cent more, according to some estimates, depending on the area.

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