Where Dubai property rents have risen and fallen, Q1 2020 – The National

Where Dubai property rents have risen and fallen, Q1 2020 – The National

Sentiment and trends were more in line with the pre-coronavirus period.. Bayut chief executive Haider Ali Khan echoed the need to wait and see what happens in the coming months.. "Although the first quarter shows some healthy numbers, we should be prepared to see some fluctuations in the coming months as the UAE continues to lead the region's fight against Covid-19," he said.. It added in its "Dubai Real Estate Report Q1 2020" that it expects tenants to adopt a wait-and-see approach before potentially relocating once restrictions on movement have been lifted.. Asteco offered a higher number of completed units in the first quarter - 5,750 apartments and 2,150 units.. It said the expected delivery of 34,000 units by the end of the year is likely to be revised given the circumstances around the pandemic.. In both Dubai and Abu Dhabi, tenants struggling to pay their rent are exempt from eviction after the government issued new directives to protect them.. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Judicial Council, temporarily suspended all eviction judgements related to residential and commercial facilities in the emirate during March and April.. Property agents