Sunday, January 25, 2009

Dubai Rent 'Capped At 20% Maximum'

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.
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1 comment:

  1. UnknownJanuary 25, 2009 at 11:06 PM

    To work out which rent cap applies, here's a Dubai rent index calculator. Enter current rent paid, and the RERA rent index limits for that area. Any feedback appreciated. Thanks :).

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