The updated Dubai Rental Index announced on Saturday will bring welcome relief to cash-strapped tenants. For those who may have been paying inflated rents, this is their chance to renegotiate with landlords and bring their rents down to the market average - or upgrade to a posher locality or larger units. There is also more supply coming to the market, which will further weigh on rents.
In the ever-growing city of Dubai, the suburban effect is also currently underway. Tenants in search of bigger living spaces at affordable prices are moving away from established communities along the Sheikh Zayed Road corridor to those along the Mohammed Bin Zayed Road and Al Qudra Road.
Source: Khaleej Times
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