The Dubai skyline.
PHOTO BY ARCHIVE
DUBAI – Tenants in Dubai will be able to enjoy a three-year fixed rental if a new draft law on rents is passed in the emirate.
According to the proposed law, apartment rents in Dubai will remain fixed for the first three years of the contract, Arabic newspaper Emarat Al Youm reported.
The law also proposes that the property owner and his representatives can’t receive commission or other fees from the tenant to cover costs while signing or renewing the contract.
The draft law is expected to reach the highest legislation committee in Dubai for approval. ICA/Expat Media
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