UAE rents dropping: Should I move or renew my rental contract? ...United Arab Emirates

“So, how much have your rents dropped?” Over the last 14 months, and even before the pandemic showed up, this has been the trending topic for UAE residents residential rental declines swept across the city. No single location was immune, because there would always be one or more landlord willing to drop his asking rate. It has now reached a point where in the same building located in a freehold community, different landlords could be offering different rental terms. And it’s starting to happen more frequently as winning a new tenant or retaining an existing one has become one difficult task. For tenants, it’s about finding they are holding all the aces in this particular game – and bragging

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