UAE | Housing & Property
Housing available but rents are high
The Chairman of the Abu Dhabi Rent Disputes and Resolution Committee, Mohammad Al Hamili, says, "There are housing units available, but the problem is the high cost of rent.
Abu Dhabi: The Chairman of the Abu Dhabi Rent Disputes and Resolution Committee, Mohammad Al Hamili, says, "There are housing units available, but the problem is the high cost of rent.
"I can understand for new buildings with high costs because building material costs have also increased, but for the existing buildings there is no excuse other than greed."
This problem is not new to Abu Dhabi. "Eighteen years ago we had the same problem. A two-bedroom apartment cost Dh60,000. It eventually levelled out. I see this happening in three years from now," Al Hamili said.
Inflation
The rise of housing costs is responsible for about 1/3 of the 9.4 per cent of the inflation, according to Al Hamili.
One of the measures imposed by the government to help maintain some form of order has been the seven per cent annual rental cap, which is annually reviewed on November 9.
"By making such a large range, we are giving room for the rent to increase by the full amount. My hope is that people can renew with zero per cent increment.
"I always tell landlords, not to be greedy, because this inflation will eventually hurt their children and grandchildren in the future," Al Hamili says.
More from UAE Housing & Property
More from UAE
Community Reports
-
Mirror, mirror show me the way
Driver on Salam Street had so many boxes and fruits piled into car, he would not be able to view rear or right side mirrors
-
Parents should be more vigilant
Reader's picture highlights risk of negligence by caretakers
-
Warming up to ‘Mobilise the Earth' theme
Dubai school dedicates a whole week to celebrating Earth Day with can-collection drives, sapling plantation and painting competition among others
-
Drivers using mobiles put others' lives at risk
Speeding is dangerous for the driver and other motorists
Latest news
- Sharjah boy tops Indian board's class 12 exams
- Dubai number plates auction raises Dh27m
- Youngsters dance and raise cash for charity
- Dubai departments upgrade services
- Get yourself a free test for diabetes
- Ensuring a safety net for intellectual property
- Reader's issue addressed
- 5,552 illegals held in Dubai this year
- Man cleared because he took drugs in France
- Man charged with trafficking women
- Auditors to probe Mizin graft case
- Breaking down cultural barriers with photographs
- Abu Dhabi Crown Prince visits Islamic centre
- Police's secret source scheme reaps rewards
- Phone Sharjah transfusion centre now toll free






