Woe is rent

The annual rent increases throughout Dubai have been widely reported and the subject of much discussion as to when this increase will either show a slower ascent or even start to decline. These discussions have continued this week with the comments from the UAE central bank in respect of the levels of inflation and the effect rental rates have on pushing this to artificially high levels. The rising cost of residential rents in Dubai has been one of the biggest contributors to inflation since 2004. Read More..

To rent or to buy is the big question

Like many, upon arriving in Dubai you may need to find accommodation. You might well then ask yourself: "Which is a better option: renting or buying a place?" Though there are several variables involved, it largely depends on one's personal situation. The two factors which loom largest are: how long you plan to stay, and what is your financial capability. The general consensus among property consultants and brokers is that renting is a better option for those who are here for a shorter period, whereas buying is the way to go for those who have a long-term horizon. Read More...