By Gavin Gibbon
Tenants switching to online app in face of coronavirus movement restrictions
UAE proptech start-up Urban has revealed a 60 percent increase in daily active users this month as more tenants look to secure a rental property online under the current coronavirus-induced movement restrictions.
As the country continues to enforce social distancing aimed at stemming the spread of the deadly Covid-19 virus, tenants are using the online platform to search for and secure homes.
Urban said it saw a 92 percent rise in the number of offers submitted for listed properties on its app in the week to March 19.
Tala Nsouli, general manager of Urban, said: “As renters try to navigate the current Covid-19 environment, Urban helps them find their new home entirely online from the comfort of their own homes. Landlords need to adapt to this digital-first environment and consider innovative ways to market their properties.”
Nsouli also said they had noticed “modest reductions” in rents, but added: “it’s too early to tell, but naturally in these circumstances you might see short-term fluctuations”.