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    • No rent hike for three years in Dubai, draft law proposes
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    October 31st 2019News, Rentals Dubai

    No rent hike for three years in Dubai, draft law proposes

    It is also proposed that the owner or his representatives cannot receive commission or any other fee from the tenant.

    A new draft rental law has proposed that rents of apartments in Dubai should be fixed for the first three years of signing the contract.

    It is also proposed that the owner or his representatives cannot receive commission or any other fee from the tenant to cover administrative or any other cost while signing or renewing the contract, Arabic daily Emarat Al Youm reported.

    The draft, which may be tabled for approval of the supreme legislation committee in Dubai, says that the owner may now, for any reason, increase rent during the first three years of the signing of the contract.

    All rights reserved to the initial publisher for Khaleej Times.

    Collected and published by propertyeportal.com editorial team. Get in touch with us at [email protected]