Dubai to provide affordable rent options in new initiative

Dubai has partnered with 11 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.

Under the cooperation agreements, the ‘Flexi Rent’ model will be applied to vacant or eligible rental units owned or managed by the participating partners.

The developers will be responsible for applying the flexible modes across their units and managing related tenancy contracts, payments, and data through approved systems.

They are also tasked with updating the tenants on the available flexible payment options while ensuring compliance with Dubai Land Department's policies and directives, alongside the Emirate's laws and regulations. 

The initiative aims to expand across the Dubai's real estate market to further support residents and tenants.

List of developers

• Wasl Properties
• Deyaar Property Management
• Dubai World Real Estate
• Modern Real Estate
• Dubai Investment Real Estate
• SBK Real Estate
• Rocky Real Estate
• SRG Properties
• Harbor Real Estate
• Driven Properties
• Al Showaib Real Estate