Dubai considering three-year rent freeze on new contracts:
The Dubai Land Department is considering a proposal on a no-rental hike provision for three years after the signing of a lease agreement between landlord and tenant.
“The Dispute Resolution Committee is studying such a proposal, but no decision has been taken on the ‘if and when’ to roll it out,” a spokesperson said. “Right now, all rental decisions are based on the Dubai Rent Index, and it will continue to be so until the three-year no-hike proposal is cleared.”
Sharjah currently has a three-year cut-off on new contracts when it comes to rental increases.
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