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FinancialNews


  • 22-12-13

    Dubai sets new law to allow landlords to hike rents by up to 20 percent

    (MENAFN) A new law has been issued in Dubai that will allow landlords to increase rents by up to 20 percent, Arabian Business reported. The new law regulating the emirate"s real estate market overrides the rental cap previously set, and sets out a new maximum rent increase. Rent increases can now be applied when a property is rented for 11 percent below the market value of an area.

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