Dubai to provide affordable rent options in new initiative

Dubai has partnered with 12 real estate developers to offer flexible rent payment options for tenants to support housing costs.

Titled 'Flexi Rents', the initiative promotes several affordable benefits, including monthly payment options, extended installment plans of up to 12 months, grace periods, revised payment schedules and waiver of rental increases. 

The initiative applies to both new and existing tenants, where residents using annual or multiple-cheque contracts may request revised payment options from the involved landlords and companies.

Dubai Land Department (DLD) aims to expand across the Emirate's real estate market to further support residents and tenants.