rental market

Latest news and articles about rental market from NEX English

Dubai sets record with luxury apartment rented for 12 million AED

Dubai has achieved a new milestone in the rental market by leasing a luxury apartment in the Burj Khalifa for a record amount of <strong>12 million AED</strong>. This deal highlights the increasing demand for luxury properties in the emirate.

Increase reliance on rental insurance amid debt decline

Landlords in the rental market are increasingly turning to rental insurance to protect their investments due to rising concerns over unpaid rents. This shift follows the implementation of new laws that limit rent increases and freeze expiring contracts.