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FINANCIAL NEWS
Dubai sets new law to allow landlords to hike rents by up to 20 percent
22 Dec 2013
(MENAFN) A new law has been issued in Dubai that will allow landlords to increase rents by up to 20 percent, Arabian Business reported.
The new law regulating the emirate”s real estate market overrides the rental cap previously set, and sets out a new maximum rent increase.
Rent increases can now be applied when a property is rented for 11 percent below the market value of an area.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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