Q: Will Dubai’s real estate market be influenced by global stock market trends, particularly due to the uncertainty caused by US President Donald Trump’s tariffs? Should investors be concerned? Is it better to wait before entering the market, or will this have no real impact on Dubai property? – JP, Dubai
A: President Trump’s approach of imposing tariffs carries dual intentions. On one hand, he’s trying to push for fairer trade deals benefiting American industries. On the other, it appears he’s intentionally stirring short-term instability, possibly to encourage central banks and governments to step in with measures like interest rate cuts to avoid recession or inflation.
If this leads to lower interest rates, it will help reduce the cost of managing US debt—potentially positioning him in a favorable light.
As for Dubai’s property sector, the key takeaway is that if US interest rates fall, UAE mortgage rates may follow suit because the dirham is pegged to the US dollar. This would make local financing cheaper, potentially boosting property demand.
Overall, Dubai’s real estate market is currently supported by sound fundamentals rather than speculation, so it’s unlikely to suffer from the tariff issues. In fact, such global developments may end up benefiting Dubai’s market over time.
Q: My rental contract ends in August, but I plan to leave Dubai permanently in November. Can I ask my landlord for a three-month extension, or will I have to vacate and find short-term housing? – HP, Dubai
A: Yes, you can try to negotiate a short-term extension, though the outcome depends on your relationship with your landlord and your ability to convince them.
Start by informing your landlord as early as possible. You didn’t mention how long you’ve been living in the property, which could influence the landlord’s decision. A face-to-face meeting might make it easier to explain your situation and agree on a new departure date.
It’s also worth checking the RERA rental index to understand the expected renewal rate. This will give you an idea of whether your landlord is entitled to increase the rent and help you calculate a fair monthly rate for the additional three months.
Since moving twice in a short time is not ideal, try to offer a reasonable rate for the extension—keeping in mind that the landlord isn’t obligated to accept your request.
If an agreement isn’t reached or your landlord refuses the extension, you will need to arrange short-term accommodation for the final three months until your departure.
Q: I live in a rented apartment in a Dubai tower, and recently water began dripping through the ceiling in my bathroom. Luckily, the leak is falling directly into the tub. I tried speaking to the upstairs tenants, but they weren’t helpful and didn’t share their landlord’s contact. There also seemed to be a language issue. I’m unsure of what steps to take next. – PT, Dubai
A: Since the leak is falling into the bathtub, it gives you a bit of time to manage the situation before it worsens.
The best step would be to speak with your building’s management and inform them of the leak. They can get in touch with the landlord of the unit above. If needed, you can also ask the building’s security staff for help—they’re usually willing to assist in such matters.
If your apartment is under property management, you should also contact your agent’s management team and have them handle the issue on your behalf.
