2008 rent increases capped at 5%
January 2nd, 2008Dubai’s Real Estate Regulatory Authority (RERA) announced that residential rent increases in 2008 will be capped at 5%, a reduction on last year’s 5% ceiling. The move is intended to tame inflation, currently at a 19-year high of 9.3%.
January 15th, 2008 at 8:31 am
Good Rent is capped to 5%, but only wish if LandLords will go as per this, as CityGate Real Estate has bluntly said they will not go as per the Government and are increasing 7% even if they have increased by 15% last year