Launch of a new infrastructure project and low rental rates

Landlords willing to offer lower rates if tenants pay off in one cheque per year.

According to the law on bounced cheque, since January 2, 2022, a check default no longer made the issuer liable for criminal prosecution. More landlords now:

• Want to reduce the risk of non-payments or facing lengthy legal proceedings
• Don't want to worry about collecting and enchasing more checks
• Insist on bank or employer references before signing up a new tenant

Dubai Maritime City launched $38 million infrastructure project.

The new infrastructure will integrate DMC and Mina Rashid. The project includes the development of:

• Roads
• Water
• Telecom, etc.

This is part of the Dubai Maritime Vision 2030. The goal is to enhance the growth of the UAE's maritime sector and to further cement Dubai’s status as a global maritime centre. Source: Gulf News