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Dubai rent cap to hit buy-to-lets
- United Arab Emirates: Saturday, February 03 - 2007 at 14:48
The introduction of a 7% rental cap in Dubai this year could impact on the healthy buy-to-let market in the emirate, reported Gulf News. In some areas, rents increased by up to 80% in the period before the government intervened with last year's 15% cap. Analysts believe the market will stabilise and become more end user driven, although rental returns will remain good compared to places like the UK.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, February 03 - 2007 at 14:48 UAE local time (GMT+4)
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This article was updated on Tue Feb 13 2007.
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