Browse related articlesUAE mulls rent freeze
United Arab Emirates: Monday, September 22 - 2008 at 11:48
Freezing rent increases for residential units for at least a temporary period and fixing rents according to locality are among steps being considered by authorities in the UAE to rein in rising inflation, reported Khaleej Times. Butti Al Qubeisi, Executive Director of the Department of Planning and Economy in Abu Dhabi, said these options have been discussed by a committee made up of representatives from the Ministry of Economy, the Department of Planning and Economy in Abu Dhabi and the Statistics Centre of Dubai as members. A decision about freezing rent hikes would be taken in the near future, he said.
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Jeff Florian, Senior ReporterMonday, September 22 - 2008 at 11:48 UAE local time (GMT+4)
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