Rarely are consumers asked to pay a bill one year in advance. Utility bills, bank loans and other expenses usually hit consumers month by month. But rent, for many people across the UAE, has long been paid a full year in advance at the start of the lease.
Fortunately, that is beginning to change. Since the recession of 2009, property oversupply has started, slowly, to tip market conditions more in favour of tenants. Anecdotal evidence abounds: many landlords will take payment, over the course of a one-year lease, in four, six or even 12 cheques. A growing chorus of opinion is supporting this change.
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