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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.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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