Good News! New Dubai Law Could See Rents Freeze For THREE Years
Good News! New Dubai Law Could See Rents Freeze For THREE Years
The Dubai Land Department is drafting a law that would freeze rent in Dubai for three years.
The move aims to keep disputes between landlords and tenants at bay, keep prices fair and ultimately offer an accurate view of property prices in the Emirate. It aims to protect the rights of both the tenants and the landlords.
It’s not time the celebrate just yet, the draft still needs to be finalised and made official. No date has been given, but once the draft is signed into approval, an announcement on the update will be made via official channels.
According to The National, the law provides stability and a fair marker
Through this law, we seek to create further stability in the market, as well as to make certain that landlords receive fair market value for their properties following the suggested three-year stabilisation that will be factored into the new law.
Via Dubai Land Department rep
It’s still unclear whether the law would apply to new contracts as well as contract renewals.
Dubai tenants RN
Read next: RTA Has Set Up A Wonderful New Initiative To Honour Cab Drivers
How many times do you think RTA cabbies hear people referring to them as “Sir,” “Brother,” or sometimes receive barely a hello?
Well, the Roads and Transport Authority or the RTA has come up with a cool initiative to tackle this anonymity with the #WhosYourCabbie campaign.
“To the heroes who are with us in every journey, the heroes who kept #Dubai moving in the toughest times, and the heroes who add life to our streets every day; we’re proud of you, we know you, and we appreciate all that you do.”
RTA announced the launch of the initiative on Friday, with the statement that honours every cab driver in the UAE.
In the video, cabbies talk about how they’re usually asked about the weather, Dubai, and many other things- except their names. Personalising taxi rides will switch up the overall experience for both the driver and the passenger.
