Tuesday, 02 January 2024 12:17 GMT

Abu Dhabi Temporarily Freezes Rent For Residential, Commercial, Industrial Properties


(MENAFN- Khaleej Times)

Any new tenancy contract on a previously rented unit will be offered at the same rental value as the preceding contract
    By: Laraib Anwer

    Abu Dhabi has announced a temporary rent freeze across the city, the emirate's Real Estate Centre announced on Tuesday, June 2, effective immediately.

    All residential, commercial, and industrial tenancy contract renewals will be processed at a 0 per cent increase for the duration of the measure.

    Recommended For You Trump says no more Israel troops going to Beirut; Hezbollah agrees to stop shooting

    Any new tenancy contract on a previously rented unit will be offered at the same rental value as the preceding contract.

    More to follow soon. Please refresh this page for the full version

    MENAFN02062026000049011007ID1111197246



Khaleej Times

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search