Rent

Dubai Land Department initiative could allow renters to spread annual rent over 12 months, with a local bank paying landlords upfront, according to a local report

The measure also extends to new tenancy contracts signed for previously rented units

The new regulations, approved by the Council of Ministers, prohibit any increase in rental value, regardless of whether the contract is new or existing

In many UAE regions, renting offers significant monthly savings, while ownership pays dividends in carefully chosen markets

Saudi authorities have also lifted the ban on transactions related to sales, purchases, subdivisions, and permits in northern Riyadh