Rental hikes do force tenants? hands

Dubai?s residents are willing to move. Getting hit with sharp increases in rental demands is forcing many to consider making the shift to a new residence. A comparison site for moving and household service companies, found that 65 per cent of respondents planned on a move upon their next lease renewal.

The poll was conducted between October 1 to 26.Within this category, 75 per cent of the respondents who faced more than a 10 per cent increase year-on-year are planning to move, the survey finds. Of those hit with a hike of between 6-10 per cent, 62 per cent said they were amenable to a move.

 

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