A new era has begun in the Dubai rental property market with a number of landlords offering monthly rent payments as bank lending tightens and the real estate market cools, Arabian Business can reveal.
From being a one-cheque culture just six months ago, the emirate's landlords are starting to offer 12 cheque payment schemes to tenants in a bid to fill accommodation.
With more properties coming onto the market as job losses mount and tenants downsize amid the global crisis, landlords are increasingly showing more flexibility, keen to secure rental income, it has emerged.
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