WATCH OUT FOR THOSE RENT GAINS: There are cost increases across the board as UAE consumers and businesses feel the same pulls and pressures that their peers in other countries do. This is why a good deal of thought needs to go into handling the steady rise in rents, especially in the residential space. Existing tenants cannot – and should not – be hit with 30 per cent spikes in landlords’ expectations. Sure, such increases are at the premium end of the rental market, for the villas and apartments on the Palm and Dubai Marina. But the thing about rental pressures is they have a way of filtering all the way down, far too easily and all too soon. Consumers and residents need to be on their guard – manage budgets with a good deal of planning. [COMMENT BY: Manoj Nair, Business Editor]
WAM