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Dubai to introduce unified rent contract next year

Dubai Land Department (DLD) has said a new unified rent contract would be enforced in late 2014 to control increases in rents, as part of reforms in the real estate sector, Gulf News has reported. "The department is closely monitoring changes in the real estate and rent sector. There will be a continuous review of any increase in rents," said the director of the DLD, Sultan bin Mijrin. "There will be three main legislations that will be issued in the first quarter of 2014. They cover the relationship between the landlord and tenant, regulation of the relationships in the real estate sector and a mechanism for rent disputes," he said.