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Agents back Dubai rent cap
- United Arab Emirates: Sunday, December 30 - 2007 at 08:42
Dubai's real estate agents have welcomed the government's decision to impose a 5% rent cap for 2008, a reduction on last year's 7%, reported Gulf News. Elaine Jones, the CEO of Asteco, described the move as 'good for taming inflation' and said the government's intervention had worked out well for residents. The rising cost of living is one of the biggest concerns for those living in the city.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 30 - 2007 at 08:42 UAE local time (GMT+4)
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