DUBAI THINKS OF A WAY TO REIN IN RENTAL DEMANDS: If a planned change to Dubai’s Rental Index comes into effect, landlords will no longer be able to jack up rentals just because others in the same area are doing it. No, the new way means landlords will have to earn their right to ask for more. Their building and the property within it will have to be part of the rating system Dubai has had for some years now. Based on what their rating is, they get to make the call on how much they can ask. No longer would it be about where that building is located – and all about how well that property and the building have been kept up with the times. Dubai’s tenants will get the transparency they desire – and where justified, landlords get to hike rents. (By Manoj Nair, Business Editor)
Courtesy of Kennedy Towers