New research suggests that landlords in Dubai are becoming increasingly willing to accept multiple rent cheques.

“Landlords continue to be flexible in lease terms and rental amounts to attract tenants who are currently benefiting from increased supply and rent declines across the market”, said Manika Dhama, Senior Consultant, Strategic Consulting and Research at Cavendish Maxwell. “Payment through multiple cheques, first month rent-free are some of the options landlords are providing to reduce vacancy risk.” 

These findings are in contrast to prior rental agreements which were typically required to be paid annually in advance via 1 to 4 predated rent cheques to cover the duration of the lease. For tenant’s whose employers did not offer advances to cover rental agreements, it was required that they arranged a loan from their bank.

“We are also seeing an upswing in contracts with six and 12 cheques, particularly in Dubailand, International City and Jumeirah Village Circle,” said Lynnette Abad, partner and head of Property Monitor, Cavendish Maxwell.

“We expect to see this type of behaviour increase and continue throughout the year as landlords will offer rent-free months, zero commissions and free air conditioning,” she said.

The research reveals greater market flexibility as current landlords are realising that they need to remain competitive.

See also:

Cavendish Maxwell release Q2 2017 Dubai and Abu Dhabi Residential Reports

Renting a property in Dubai

How to buy and rent property in the UAE