Dubai Rental Law

Old Jan 5th 2009, 12:34 pm
  #31  
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Default Re: Dubai Rental Law

Originally Posted by IndieG View Post
You are right. That has been the case every year since the 'rent laws' were introduced. We had an increase of 5% last year, he wants another 5% this year, I'm waiting for the 2009 rent law. Why can't they announce it by 31/12so that everyone can get on with renewing their contracts
but that would be just common sense..
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Old Jan 5th 2009, 1:33 pm
  #32  
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Default Re: Dubai Rental Law

Originally Posted by IndieG View Post
You are right. That has been the case every year since the 'rent laws' were introduced. We had an increase of 5% last year, he wants another 5% this year, I'm waiting for the 2009 rent law. Why can't they announce it by 31/12so that everyone can get on with renewing their contracts
i thought that for dubai it was no increase on 2nd year, and 5% on third, but after 3 years the lease can be renegotiated so can go to market rents, so the lease basicially starts again.
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Old Jan 5th 2009, 1:35 pm
  #33  
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Default Re: Dubai Rental Law

Originally Posted by BurpusMe View Post
My understanding of the rental law is as follows:
Your landlord is permitted to raise your rent 5% every OTHER year.

Eg.

Year 1: Price X
Year 2: Price X
Year 3: Price X + 5%
Year 4: Price X + 5%
Year 5: Price X + 5%
Year 6: Price X + 5%
Year 7: Price X + 5%

Does anyone else have the same understanding?
Have I been smoking drugs?
altered to the correct situation
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Old Jan 5th 2009, 8:04 pm
  #34  
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Default Re: Dubai Rental Law

Originally Posted by Blue Cat View Post
altered to the correct situation
if so that's totally new - 5% every year - Burpus Me was correct with the pre-2009 situation... what are your friends in high places saying?
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Old Jan 6th 2009, 4:48 am
  #35  
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Default Re: Dubai Rental Law

Originally Posted by Autonomy View Post
if so that's totally new - 5% every year - Burpus Me was correct with the pre-2009 situation... what are your friends in high places saying?
it was the rent committee that told me this information
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Old Jan 6th 2009, 5:12 am
  #36  
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Default Re: Dubai Rental Law

Let's hope the official announcement reads otherwise.
I got stung for 5% last year, and was looking forward to escaping another increase.
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Old Jan 6th 2009, 5:16 am
  #37  
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Default Re: Dubai Rental Law

How will it work for our 14th renewal in 2009?!! I have to deal with the added pressure of hubby wanting to sign and just pay up; he thinks I'm just out to cause trouble.
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Old Jan 6th 2009, 5:47 am
  #38  
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Default Re: Dubai Rental Law

Perhaps you can get them to stick to the 2008 rental law, as the 2009 law hasn't been published yet?

PS. How come the law keeps changing every year?
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Old Jan 6th 2009, 6:09 am
  #39  
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Default Re: Dubai Rental Law

I thought it was no increase in the second year and then 5% every year after that. Which I think is what Blue Cat was saying.
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Old Jan 6th 2009, 6:11 am
  #40  
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Default Re: Dubai Rental Law

Originally Posted by Border Reiver View Post
I thought it was no increase in the second year and then 5% every year after that. Which I think is what Blue Cat was saying.
it is, unless they change the 5% to 0% or 10%, time will tell
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Old Jan 6th 2009, 6:11 am
  #41  
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Default Re: Dubai Rental Law

Which means no increase for us. But he wants to increase rent by 5% plus has added (new) a further 5% as 'service charges' - fat chance he will agree to a nil increase unless the 09 law compels him to. The waiting game begins.......
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Old Jan 6th 2009, 6:13 am
  #42  
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Default Re: Dubai Rental Law

Originally Posted by IndieG View Post
Which means no increase for us. But he wants to increase rent by 5% plus has added (new) a further 5% as 'service charges' - fat chance he will agree to a nil increase unless the 09 law compels him to. The waiting game begins.......
our new lease has included a 5% increase, I think that will probably be what is announced. As for service charges they can't charge you this as you don't own the property.
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Old Jan 6th 2009, 6:21 am
  #43  
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Default Re: Dubai Rental Law

BC - was your rent increased last year too? The rule in 2008 was that if there was an increase in 2007 then no increase in 2008 if not then 5%. Similarly for 2007, we didn't have an increase because he had increased it by 7% in 2006.
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Old Jan 6th 2009, 6:23 am
  #44  
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Default Re: Dubai Rental Law

I'd guess at a 5% cap- and the sooner the market stabilises so we don't have to go through this performance every year the better. (I say that as a landlord by the way.)

The landlord can't add on another 5% service charge. The rent committee would, correctly, kick that straight out.
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Old Jan 6th 2009, 6:45 am
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Default Re: Dubai Rental Law

Originally Posted by IndieG View Post
BC - was your rent increased last year too? The rule in 2008 was that if there was an increase in 2007 then no increase in 2008 if not then 5%. Similarly for 2007, we didn't have an increase because he had increased it by 7% in 2006.
no because we were in the 2nd year of our lease, there is no increase in the second year. Yours will be increased every year by whatever the government declare.
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