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Okay, so a couple of people were talking about it the other day. There's been no rent cap announced for this year. What does that mean? It's down to your negotiating skills?

bump

Interesting point.....anybody?

Shouldn't the old law cover you for a while? It did stipulate 2 years at same rent, and 5% in the 3rd year.

If one has lived in the same apt/Villa for say 9 years and has been covered by the rent caps.....therefore still paying a reasonable rent, Will this give landlords the right to exploit the situation and impose massive % rent increases

smoggie wrote:If one has lived in the same apt/Villa for say 9 years and has been covered by the rent caps.....therefore still paying a reasonable rent, Will this give landlords the right to exploit the situation and impose massive % rent increases

Yeah, I guess the landlord can be a dck about it, if he chooses. I am surprised RERA is quiet this year. I guess they are building that average-rent-per-area thingy.

There is not going to be a rent cap for this year because RERA are near to completing a rent system based on Area's (ie Marina/Barsha etc) and square footage. This will become the benchmark and guideline for all rents.

Like every new initiative in Dubai, it wont work because the new system cannot take into account "market forces".