January 30, 2024

New tenants pay higher rents than existing occupants as rental gap widens

Rental increases are anticipated to average 8-12%, with comparatively lower levels of growth expected in outer and suburban locations. Dubai is currently experiencing the emergence of a two-tiered rental market due to the widening gap between renewal and new lease rents. Prathyusha Gurrapu, Head of Research and Consulting at Cushman and Wakefield Core, noted that a growing number of Dubai tenants are...

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