Dubai urges residents to register tenancy contracts
Complex Made Simple

Dubai urges residents to register tenancy contracts

Dubai urges residents to register tenancy contracts

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.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved