Rent Cap
The announcement that Sheikh Mohammed has ordered a 15% cap on rents over the next year is both good news and bad news. The good news is that finally some visible action is being taken to try to control the runaway inflation that is causing many individuals and companies to consider moving out of Dubai.
The bad news is that every property owner in the emirate will take this as an instruction to grab the 15% rise as soon as possible.
The bad news is that every property owner in the emirate will take this as an instruction to grab the 15% rise as soon as possible.
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