Landlords and tenants should both get insurance to make sure they're covered in a short-term lease agreement.
That's according to experts, who say more and more UAE landlords are leasing unused spaces in their properties.
Ashwin Narasimhan, Senior Manager of Personal Lines at Noor Takaful, explains.
He says people in the UAE still aren't buying home insurance.
A recent survey revealed that less than 10 per cent of residents in the country have issued a policy.
Narasimhan explains.
HyveGeo wins Dubai Holding's top innovation award
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Etihad offers free medical travel insurance for visitors
International visitors arriving in Abu Dhabi on Etihad-operated flights will receive complimentary medical travel insurance as part of a new partnership between the airline and the Department of Culture and Tourism - Abu Dhabi.
SpaceX vaults over $2 trillion valuation as stock jumps after record IPO
SpaceX jumped 23 per cent in its Nasdaq debut on Friday, as investors piled in to the world's largest IPO and bet on Elon Musk's sprawling empire spanning rockets, internet service and AI.
India curbs bulk fuel buying at retail pumps, caps diesel sales
India has barred commercial fuel buyers from purchasing gasoline and diesel from retail stations and capped daily diesel purchases to prevent local shortages amid disruptions to global supply chains due to the war in the Middle East.
Hong Kong seizes haul of World Cup fakes worth $20 million
Authorities in Hong Kong have seized suspected counterfeit FIFA World Cup items including football jerseys and balls with an estimated value of HK$156 million ($19.91 million), officials said.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
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