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dubai rents: New Rental Index From RERA Set To Show Easing Rents - 05/10/09 12:16 AM
Anyone familiar with Dubai will know that normally each passing year sees Dubai’s already sky high rental prices being increased further towards the point of madness. On top of traffic, rent in Dubai it is safe to say, is not one of the things Dubai residents would have high on their lists of lifestyle benefits of living in the Emirate. With some workers spending over 60% of their income on renting a property in Dubai alone, the situation was getting a little out of hand. Landlords were very much in the position of power, with most tenants being expected to … (1 comments)
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dubai rents: RERA to target spiralling rents - 08/22/07 02:30 AM
In a move that will come as a relief to many Dubai residents that suffer under the stress of rent increases, the Real Estate Regulatory Agency (RERA) has announced that it will be introducing longer term tenancy agreements with fixed rates. This should put a stop to greedy landlords increasing the yearly rates beyond the current rent caps and threatening to evict tenants if they don’t pay, which has become an all too familiar problem for many people that live here (tell us your views on this). Its shocking to see just how quickly rents have increased; in 2004 your average … (2 comments)
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