Landlords, developers to bear main cost of property damages after extreme weather

UAE extreme weather

In the aftermath of extreme weather in the UAE, landlords and developers step up to bear the main cost of property damages, offering relief to affected tenants. With record rains causing flooding in Dubai, Sharjah, and Ajman, the real estate industry rallies to support residents and restore normalcy. From free services provided by major developers to partnerships with social services departments, efforts are underway to assist affected communities. Landlords are tasked with repairing damages and restoring essential services, while insurance claims surge in the wake of the unprecedented rainfall. Tenants affected by minor damages are contracting maintenance companies for repairs, with negotiations ongoing between landlords and tenants regarding liability. Despite the challenges posed by the recent weather events, proactive measures and collaborative efforts aim to address the needs of both property owners and residents, emphasizing the resilience of the real estate sector in the face of adversity.