on18 September 2024

Existing tenants in Dubai South feel full force of 15-20% hikes in rent renewals

Dubai: The rise in rents experienced by all the established locations in Dubai has finally reached Dubai South in full force.

Tenants who had been living in the sprawling mixed-use development for some time have certainly been feeling it, with lease contracts getting renewed at 15-20 per cent higher than what they have been paying. This has been particularly noticeable in renewals done through the summer.

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Comprehensive Guide to the Cost of Living in the UAE
Discover the comprehensive guide to the cost of living in the UAE, covering expenses in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, and Ajman. Learn about accommodation, groceries, transportation, and school tuition costs to make an informed decision about moving to the UAE.
Sefeiya Janne
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