Dubai rent cap announced

David — Thu, 31 Dec 2009 21:08:39 +0000

Maximum levels of rent increases in 2010 were announced yesterday.

According to a decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, if the rent for a property in 2009 was at market rate or up to 25 percent lower it cannot be increased

If the rent last year was between 26 and 35 percent less than market rate it can be increased by no more than 5 percent.

The full list of permitted increases is shown in the table below:

Rent Level In 2009 - Percentage Below Average Rent (%)	Permitted Increase 2010 (%)
0 - 25	0
26 - 35	5
36 - 45	10
46 - 55	15
55+	20

The law aims to ensure the stability in the Dubai property market.

Average rents are determined by the Real Estate Regulatory Authority (RERA).

2008 rent increases capped at 5%

David — Wed, 02 Jan 2008 14:56:24 +0000

Dubai’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%.

News from Dubai » Real Estate Regulatory Authority

Dubai rent cap announced

2008 rent increases capped at 5%