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Central Bank of the UAE released a notice on Monday instructing all banks and insurance firms to offer a six-month deferral on repayment of personal and car loan instalments for customers affected by recent adverse weather conditions. This deferral will be provided without any additional charges, interest, or increases to the principal loan amount.

Dubai experienced a remarkable 110 percent year-on-year increase in tenant registrations for rentals last month. Landlords responded by listing 91 percent more properties, indicating a shift towards a more landlord-friendly real estate market in the city, as reported in Allsopp & Allsopp’s latest market analysis.