Dubai Rent 'Capped At 20% Maximum'Wednesday, January 21, 2009
According to a decree regarding rental prices in Dubai, rents that are up to 25% less than the lowest band of the newly released Real Estate Regulatory Authority index average, and most new 2008 contracts, will remain frozen. Beyond this rents will go up by 5% for every ten percentile difference, up to a maximum of 20% to ensure that long term tenants are not hit with excessive increases. Source: AME Info
| 
