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Latest News

Sheikh Mohammed issues decree to freeze Dubai rents in 2009

Sheikh Mohammed issues decree to freeze Dubai rents in 2009

Plus, UK government announces bailout as Royal Bank of Scotland slumps, UAE Central Bank cuts interest rate, Kuwait donates $500 mn to Arab fund, Inflation reduces in Qatar

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January 20, 2009 12:00 by





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6 Comments

  1. Liz on January 20, 2009 7:57 am

    What about those who already renewed the tenancy agreement starting Jan 2009, will they get the refund of the increase? If the answer is to take this issue with the Dubai Rent Committee, it’s a waste of time!! I believe that such an instruction should be published in December, as many Landlords are taking advantage.

     
  2. abdul on January 20, 2009 8:37 am

    v got away…..alhumdulillah…

     
  3. L K on January 20, 2009 9:05 am

    they dont care if you renewed your contract now, as long as they get away with it…….
    this wont last, then we will see who laughs last…

     
  4. Zameer on January 20, 2009 9:14 am

    What about Sharjah? Can Sharjah Govt also pass a similiar law please. Where is the Dubai’s new rental index by RERA. How can we see it? Again it will result in confusion and negotiation etc as I beleive it will not give a 100% clear rent structure.

     
  5. Lavs on January 20, 2009 9:28 am

    You need to read the law for what it says: all those who rented their flats before 2007, i.e. the vast majority of Dubai population, can (and knowing the situation here will) have their rents increased to the level of 2008 – the highest in Dubai history. All this at the time when not only salaries get cut, but people are struggling to keep their jobs. Is leaving Dubai really the only option?

     

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