UAE | Housing & Property
Abu Dhabi caps rent rise at 7%
A law by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has capped rent increases in Abu Dhabi at 7 per cent annually.
- By Samir Salama, Bureau Chief
- Published: 00:00 November 7, 2006
- The law covers properties leased for housing, industrial, trade or professional activities.
- Image Credit: Gulf News archive
Abu Dhabi: A law by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has capped rent increases in Abu Dhabi at 7 per cent annually.
Shaikh Khalifa, as Ruler of Abu Dhabi, issued law No. 20 of 2006, to regulate the landlord-tenant relationship, according to WAM.
The law covers properties leased for housing, industrial, trade or professional activities. It is applicable to existing contracts and those that are signed after this law takes effect.
The landlord and tenant shall adhere to the rent specified in the contract. If the contract duration is three years or less, a rent increase of no more than 7 per cent is allowed once every year.
The law stipulates a written tenancy contract and lays down obligations of the landlord and tenant.
A special committee will be formed to settle tenancy disputes. The committee is to be formed by a resolution by the Abu Dhabi Executive Council chairman. General Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued resolution No. 42 of 2006 on the formation of the tenancy dispute settlement committee. He issued resolution No. 43 of 2006 on the appeals committee.
He also issued resolution No. 41 of 2006 aimed at simplifying procedures to settle tenancy disputes.
Share this article
Related Articles
-
Move out, board tells colony tenants
Development Board orders Rashid colony tenants to move out
More from UAE Housing & Property
More from UAE
Popular in UAE
-
Have your say
Living in untidy homes
Do you think that people who live in untidy homes have bad character?
Latest news
- Khalifa congratulates Karzai on re-election
- Khalifa receives congratulatory call from Talabani
- Complaints against cab drivers decline
- Camel in RAK gives birth to twins
- No hike in water, electricity rates
- Thalassaemia website 'will help educate youth'
- Saif is appointed Emiratisation chief
- Experts call for reviewing green cost of desalination
- Readers: Less water usage means less desalination
- Dubai Police open centre to combat marine pollution
- Pavement parking irks pedestrians
- Man jailed 3 years in fatal assault of colleague
- Murder: Mother gets stiffer sentence
- Traffic Prosecution adopts humanitarian step
- 'All-green' project to ease traffic flow
UAE Editor's choice
-
Interactive Quiz: Fish of the World
Test your knowledge of the deep by taking our aquatic quiz
-
The world's tallest tower in 24 hours
Changing face of world's tallest tower Burj Dubai from dawn till dusk
-
Yoga under a full moon
Some classic yoga postures that are perfect to perform when the moon is full.
