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Rent hikes in Fujairah
- United Arab Emirates: Sunday, July 09 - 2006 at 14:26
A shortage of available property and steep rental increases have become a problem for residents in Fujairah, reported Gulf News. Although a number of real estate projects are now under development, rents have increased by well over 20% and some modern one bedroom apartments have seen rises of around 50%. The local municipality is working on a new law to protect tenants against inflated rent hikes.
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Jonathan Sheikh-Miller, Deputy EditorSunday, July 09 - 2006 at 14:26 UAE local time (GMT+4)
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