UAE | Housing & Property

Fujairah may soon introduce rent cap

The emirate may soon introduce a rent cap. Despite an increase in residential properties, Fujairah has continued to experience relatively sharp increases in rents, which for many have out-paced any increase in personal income.

  • By Fuad Ali, Staff Reporter
  • Published: 23:36 May 3, 2009
  • Gulf News

Fujairah: The emirate may soon introduce a rent cap. Despite an increase in residential properties, Fujairah has continued to experience relatively sharp increases in rents, which for many have out-paced any increase in personal income.

Mohammad Saif Al Afkham, Deputy Director of Fujairah Municipality, confirmed the measures could be introduced soon. He said: "The final text of the legislation is now under study and is expected to get the final approval before it is officially adopted.

"A committee was set up to deal with the unreasonable increase in rents. We tried to take into consideration interest of all parties."

Faisal Othman Al Baroudi, an Emirati telecom technician, had to move out of his flat after his rent was increased from Dh18,000 to Dh23,000.

Abu Dhabi, Dubai and Ajman Ras Al Khaimah already have rent caps.

  • Rate this article
  • Average reader rating (0 votes) 3 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from UAE Housing & Property

  1. Abu Dhabi tenancy contract period extended

  2. JLT owners waiting for homes promised in '07

  3. Abu Dhabi residential city on track

  4. No hike in water and electricity rates in Dubai

All articles in Housing & Property

More from UAE

Gulf News
Popular in UAE
Readers' pictures
Your pictures

Readers' pictures

A Selection of the best Gulf News reader pictures this week

Latest news
UAE Editor's choice