Combating coronavirus: Dubai residents can negotiate better deals if renewing existing contract

Combating coronavirus: Dubai residents can negotiate better deals if renewing existing contract

Most tenants in Dubai are negotiating better rental deals with landlords to stay in their existing apartments as uncertainty surrounding jobs limit their movement, a new research has found.. A study by real estate consultancy Core said landlords are also willing to offer incentives to retain their tenants.. "We anticipate limited movement over the coming weeks as most tenants are expected to negotiate with their current landlords, particularly those with immediate rent renewals.. We also foresee in some cases rental incentives to be provided by landlords such as partial rent waivers, higher number of cheque payments, extended rent free periods and contribution to utilities in order to help tenants while also maintaining occupancy of their unit," said Prathyusha Gurrapu, head of research and advisory at Core.. Notify your landlords about financial strains. With salary cuts and layoffs almost a given in the current Covid-19-affected situation, tenants are being advised to notify their landlords about their financial predicament.. Expressing apprehensions over residential rent waivers that are being dealt with on a case-to-case basis, some experts advised people to tread cautiously.. "Rents in Dubai will witness a gradual correction.. But some landlords are deferring rent for two months and loading the total