Are you benefiting from lower rents?

123 RF / Brian Jackson

It seems UAE residents still aren’t benefiting from a drop in property prices.

A new survey from yallacompare has found that seven in ten tenants still pay the same or more than last year.

The findings come despite reports showing a 5 per cent drop in Dubai apartment rates in the first half of this year.

The report found that close to 10 per cent of respondents are actually paying up to 20 per cent more than in 2018.

More from Business

  • DEWA updates billing on water consumption

    Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.

  • UAE, Japan to complete CEPA by end of year

    The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.

  • US judge blocks Musk's DOGE from accessing payment systems

    A federal judge temporarily blocked a Trump administration panel led by billionaire Elon Musk from accessing government systems used to process trillions of dollars in payments, citing a risk that sensitive and confidential information could be improperly disclosed.

  • Du services interrupted due to 'technical issue'

    UAE telecom operator Du confirmed a technical error led to the disruption of its services on Saturday as users were left without internet or landline services.

  • RTA to offer 300 exclusive license plates at auction

    Dubai’s Roads and Transport Authority (RTA) is to offer 300 exclusive two, three, four, and five-digit license plates for private and vintage vehicles as well as motorcycles at its upcoming 78th e-auction.