We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Abu Dhabi extends 5 pct rent cap – WAM

The move came after a study found that there was a housing shortage despite an increase in supply-WAM .


November 5, 2010 10:20 by

Abu Dhabi has extended a 5 percent cap on annual rent increases after a study found that there was a housing shortage despite an increase in supply, the state news agency WAM said on Thursday.

“The Executive Council decided that no annual increase above 5 percent of the original rental value specified in the tenancy contract will be valid,” it said.

The decision was based on a study by a committee of officials from the emirate’s government and the real estate sector which showed that an increase in the supply of housing units did not meet demand, and that there was a shortage of low-income housing.

Real estate service company Jones Lang LaSalle said this week decreased rentals for lower- to middle-market housing will have a positive impact on demand for Abu Dhabi’s residential sector, as the market continues to adjust from the unsustainable levels in 2008 and 2009.

(Reporting by Martina Fuchs in Dubai; editing by Firouz Sedarat)


Tags: , , , ,

Leave a Comment