United Arab Emirates: Landlord and Tenant
Country Rating » 
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
The Rent Law handicaps landlords
Under a Rent Law introduced in 2005, which applies to all the UAE states, rent increases were capped initially at 15% by a Rent Committee. In December 2007, the government announced that rent increases would be capped at 5% in 2008 from the previous 7%. Disputes go to local Rent Committees.
Complaints to the Rent Disputes Committee have been frequent in Abu Dhabi, which suffers from a severe housing shortage. Landlords who want to increase the rent are claiming that they are demolishing or renovating the apartment, or claiming they are moving in relatives.
The 5% increase can be exercised only on agreements that are renewed in 2008. However, some legal experts say that rents that went up by any amount in 2007 cannot be increased further in 2008, nor can tenancy agreements that were signed for the first time in 2007. Exactly how the law operates is still somewhat unclear. "There are circumstances where no increase at all will be permitted and other cases where increases of more than seven per cent are allowed," the Gulf News recently quoted Lisa Dale, head of property at legal consultants Al Tamimi & Company, as saying.
United Arab Emirates - more data and information
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!