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Can the owner increase the rent, next year?

April 26, 2017increase next year owner rent

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Can the owner increase the rent, next year?

1 Answer

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Posted

According to the latest decree issued by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, the rent cannot be increased beyond 7% of the annual rent. This applies to all contracts renewed in 2007, on the condition that no increase was made on that particular property in 2006.