Developer News

In what seems like taking a leaf out of residents’ book, several local and regional companies in Dubai are increasingly making a shift from renting to owning properties amid rising rentals.   This is similar to the trend prevalent among Dubai residents who for the past few years are keen on buying properties in a bid to beat the rising rentals. In fact, this trend has been one of the key drivers of Dubai’s residential property market in the post-pandemic period.   Real estate industry analysts say the trend of companies looking to own properties rather than renting is prevalent in both office and industrial sectors.   Robert Thomas, head of agency at Cushman & Wakefield Core, said: “We particularly see local entities who know that their growth…