Latest


Dubai: Rental agreements to be fixed for three years

  •   Fri, Jan 08 2021 10:48:13 AM

Daijiworld Media Network - Dubai

Dubai, Jan 8: According to reports from an Arabic daily, Al Bayan, a new law has been proposed that rents in Dubai should be fixed for three years following the signing of a rental agreement contract.

Director general of the Dubai land department (DLD), Sultan Butti bin Mejren informed that the notification to this effect would be issued soon.

The new law is applicable from the date a tenant signs a rental agreement contract. The director general said that fixed rental price would boost tenants’ confidence in Dubai.

Earlier, even though the draft of the new law was prepared in November 2019, the notification was yet to be issued.

 
  

Top Stories

Iconic new commercial building 'Inland Business Park' inauguration on Apr 28

  •   9 hours ago   

Leave a Comment

Title: Dubai: Rental agreements to be fixed for three years



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like