x Abu Dhabi, UAETuesday 25 July 2017

Are you currently negotiating with your landlord over a new tenancy agreement?

The global economic slump is now achieving what no amount of legislation could ever be expected to do: a significant decline in some rents.

The global economic slump is now achieving what no amount of legislation could ever be expected to do: a significant decline in some rents in the UAE. With some major companies even laying off staff as the downturn bites, the demand for property has dropped and landlords no longer have the undisputed upper hand. Are you currently negotiating with your landlord over a new tenancy agreement? and if so are you having any problems?