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Abu Dhabi caps annual rent hike at 5% to protect tenants
- United Arab Emirates: Wednesday, November 14 - 2012 at 05:16
The government of Abu Dhabi has decided to cap rent increases in the capital at 5% annually as well as extend tenancy contracts stipulated in the rent law to November 9, 2013, Wam has reported. The resolution also enables landlords and tenants to know the amount of any increase in advance, thereby protecting tenants against any sudden rise in rents, the report said.
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