New Rent Cap Law in Dubai: The Balance of Power Has Shifted
Type
E-journal
Date
15 Apr 2016
Jurisdiction
Dubai
Taxonomy
Rent & Service Charges
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Legal reference
Dubai Decree No. 43/2013, Dubai Law No. 26/2007
Analysis
Decree No. 43 of 2013 on Determining the Increase in the Real Estate Rentals in the Emirate of Dubai (“the New Decree”) was issued on 18 December 2013 and is now in effect. As the name suggests, this is the new rent cap law in Dubai.
Author Department: Property
Decree No. 43 of 2013 on Determining the Increase in the Real Estate Rentals in the Emirate of Dubai (“the New Decree”) was issued on 18 December 2013 and is now in effect. As the name suggests, this is the new rent cap law in Dubai. The focus of this article is on the application of the New Decree, identifying a shift of balance of power in favour of the landlords, and outlining some practical steps for landlords and tenants to be better prepared with the implementation of the new rent cap.
Tenancy Law - historical rent control