Property Insurance

UIB arranges property cover for landlords, developers, retailers, hoteliers and industrial occupiers across Dubai, Abu Dhabi and the wider Emirates. Whether it’s a single leased office, a warehouse holding stock, or a portfolio of residential and commercial buildings, the starting point is understanding what you actually need insured, the structure, the contents, or both.

We structure property all risk insurance in the UAE around rebuild cost rather than market value, since the two can differ significantly in the UAE’s property market, and under-insurance at claim stage is one of the most common gaps we find when reviewing an existing policy. Cover typically responds to fire, flood, storm and a defined range of perils, and we’re clear on standard exclusions like gradual wear, poor maintenance, and unoccupied-building conditions that many owners aren’t aware reduce their cover.

For warehouse insurance in the UAE clients holding stock, we also review whether contents and stock values are declared accurately, since under-declaring to save premium is one of the fastest ways to have a claim reduced proportionally. Business interruption is calculated against your actual trading figures, not a generic industry estimate, so payouts reflect real lost income if a covered event forces a closure.

A question we hear often: does cover automatically increase with property value each year? No, and that’s exactly why under-insurance creeps in; we review sums insured at every renewal rather than rolling them over unchanged.