Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

New Decree on Property Rent Caps in Dubai

21/12/2013

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has issued Decree No. 43 of 2013 which sets a specific band on how the optimum rental increases that a landlord can demand while renewing leases.

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has issued Decree No. 43 of 2013 which sets a specific band on how the optimum rental increases that a landlord can demand while renewing leases.

The new rental slab as provided under the decree will not allow landlords to raise rents on renewals if the current lease is only 10 per cent lower than the average rent of a similar property. However, landlords can raise rents on renewals by:

  • 5 per cent if the earlier rental is 11 to 20 per cent lower than the average rent for a similar property
  • 10 per cent if the rental is 21 to 30 per cent lower than the current going rates for properties of a similar scale
  • 15 per cent if the rent is as low as 31 to 40 per cent than comparable ones
  • 20 per cent if a property’s rental is more than 40 per cent less than the average.

It will be applicable to private and public sector owned properties in Dubai, as well as — pertinently enough — within the free zones.

You might also like...
Emiratisation Penalty upto AED 72,000/- Will Take Effect from 1 Jan 2023
Starting from 1 January 2023, private sector companies with 50 employees or more that have not raised Emiratisation targets by 2% of skilled jobs in 2022, will be fined according to the Ministry of Human Resources and Emiratisation (MoHRE).
read More
FTA Sets Deadline 31 December 2022 to Apply for Re-determination of Administrative Penalties on Taxes
The UAE's Federal Tax Authority (FTA) urged eligible registered taxpayers to apply for the re-determination of administrative penalties on taxes prior to the 31 December 2023 deadline.
read More
Facilities for Small Projects Subject to Corporate Tax
The Ministry of Finance revealed its intention to offer facilities for small projects subject to corporate and business tax, noting that details of these facilities will be announced during the first half of next year.
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.