Dubai urges residents to register tenancy contracts
- United Arab Emirates: Sunday, August 08 - 2010 at 10:40
Dubai Municipality has said that residents could face a housing fee based on Real Estate and Regulatory Agency's Rental Index if they do not register their tenancy contract with the civic body, Gulf News has reported. Less than 50% of residents have declared their annual rent online by filling out an application form on www.dm.gov.ae, according to Abdullah Hashim, head of the municipality's Housing Fee Section. The housing fee, based on a 1962 law, is calculated as 5% of the tenancy contract. Dubai Municipality aims to cover 300,000 residential units by January next year, he said.
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