Saturday, November 12, 2005

Dubai rent increases capped at 15% :: Gulf News

Who's going to police maintenance? I predict an increase in newspaper articles on that subject in the coming year.

Quote:
The order came into effect yesterday and will remain in force until the end of 2006. The order says that if property leasers or landlords decide to increase the rent for any property, it cannot exceed 15 per cent of the annual amount.
. . .
A property market survey found that rents for one-, two- and three-bedroom apartments in Dubai rose by an average of 38 per cent over the last 12 months.

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