DUBAI’S RENTAL MARKET IS IN ONE HOT UPTURN: A surfeit of new residents, corporate relocations, the world’s wealthy picking up multi-million-dollar homes, and an economy ticking along nicely — choose your pick for what’s driving Dubai’s property market. Dubai’s tenant base are finding with their latest rental contract renewals, there are no longer any rate cuts or landlord incentives such as multiple cheques or two-month rent-free. Tenants will, therefore, need to make swift decisions to avoid sudden hikes in their rental outgo. So, decide now whether you should be moving to a new neighbourhood and home, or whether you are better off renewing the contract. Each day will count. (By Manoj Nair, Business Editor)
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