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.
Takeem, an PropTech platform in the UAE, said it has launched the country's First Rental Guarantee service, a value-added offering for landlords, tenants and agents as regional markets navigate renewed uncertainty. The Takeem guarantee covers landlords against tenant non-payment and includes emergency maintenance for urgent property repairs.
