Abu Dhabi maintains 5% annual rent cap
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Abu Dhabi maintains 5% annual rent cap

Abu Dhabi maintains 5% annual rent cap

Abu Dhabi's Executive Council has announced the extension of a 5% cap on annual rent increases in the emirate, Wam has reported. The decision was based on a study by a committee of officials from the emirate's government and the real estate sector which showed that an increase in the supply of housing units did not meet demand, and that there was a shortage of low-income housing.

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