Dubai to set fixed apartment rents for 3 years, says DLD chief

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Dubai to set fixed rents for 3 years, says DLD chief

 

DUBAI – Notice of a new law fixing rents of apartments in Dubai for three years will be issued soon, according to the Director General of the Dubai Land Department (DLD).

The DLD’s Sultan Buti bin Mejren told Al Bayan newspaper that the fixed rent for three years will take effect once the tenant signs a rent agreement contract.

A notification of the effectivity of the law, which was prepared in November 2019, is pending but will be issued soon, the DLD official said.

The rental cap law is similar to the current three-year rent freeze for properties in Sharjah. When implemented, tenants can expect no rent hike in the first three years of signing the contract.

The new law only applies to rent of apartments in Dubai and no other property category.

Under the law, apartment owners may not increase the rent in the first three years of the rental contract and should not demand or receive commission as administrative costs from the tenant on the signing or renewal of the rent contract. ICA/Expat Media


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