ADVENTURES IN DUBAI:
YOUR FAVOURITE NUMBER ONE BLOG
BRITISH DESIGNER LIVING IN DUBAI TELLS (NEARLY) ALL

Saturday, November 12, 2005

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.

3 Comments:

Anonymous Dreams said...

hiya, followed u through the uaecommunity blog - and i do admit, i am dreading the moment when my landlord sticks a notice under my door for the rent increase.. dubai offers - sky high dreams with sky high rents and 60 ft below the earth salaries..

1:26 pm  
Blogger kaya said...

What a load of horse manure. Kind of like locking the stable after the horse is stolen. They turned a blind eye while the rents were escalating and now that the greedy landlords are happy,they come with with this rule?

8:59 am  
Anonymous Anonymous said...

Hi there,

That is Great and unmatched world wide 15% return on investment proerty renting at 100k + 15% = 115 + 15% = 132.25k + 15% = 147.25 k+15% =169.33k + 15% = 194.73 k+15% = 223.93K

Wow in six years he more then doubled the amount of rent he is collecting !!!??? That is heaven for any investor however people will not afford that increase or will the companies pay for that?

7:33 am  

Post a Comment

<< Home