Dubai tenants downsize and move to cheaper areas as rents rise – The National

  • Date: 03-Nov-2022
  • Source: The National
  • Sector:Real Estate
  • Country:UAE
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Dubai tenants downsize and move to cheaper areas as rents rise – The National

At the height of the coronavirus-induced movement restrictions, a significant number of people in the UAE moved into bigger homes with gardens and outdoor amenities as rents dropped.

However, many are now opting to downsize or move to cheaper areas as residential rents increase across the Emirates.

Mechelle Manuel, 31, decided to move out of a two-bedroom apartment in Town Square, Dubai, after her property broker said her rent would rise by 15 per cent this year.