The difference looks modest, but replacing a dependable tenant could be expensive. Similar Dubai studios are being advertised around AED 33,370, while the current rent is about AED 31,180, and the tenant has a strong payment record and looks after the place.
I am not convinced the higher listings show what a new tenant would actually pay. Once vacancy, cleaning, marketing and possible refurbishment are included, would you leave the rent unchanged or seek a smaller increase? I would first check the permitted amount and notice requirements, as I do not want the renewal handled badly.
I am not convinced the higher listings show what a new tenant would actually pay. Once vacancy, cleaning, marketing and possible refurbishment are included, would you leave the rent unchanged or seek a smaller increase? I would first check the permitted amount and notice requirements, as I do not want the renewal handled badly.