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Are commercial tenants protected?

Are commercial tenants protected?

Old Mar 24th 2009, 11:08 am
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Default Are commercial tenants protected?

Does anyone know if there are rules in place (in Dubai/UAE) to protect commercial tenants from exhorbiant rental increases in a similar way that there are for private tenants?

Any info/guidance/pointers much appreciated.

Thanks



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Old Mar 24th 2009, 11:12 am
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Default Re: Are commercial tenants protected?

Till 2008, the annual rent caps used to apply to both commercial and residential property. My employer was paying AED 65 psf pa for some space (rented back in 2000), and then AED 350 for some other space rented in 2007 - both identical. Not sure if the 2009 rent cap included commercial too, but it should have - all previous years did.

Many other businesses leasing shops etc in 'old' Dubai do sub-letting or sub-leases to make a profit on the old rental rates they had negotiated years ago. So yes, commercial tenants should also be protected AFAIK...hope that helps!

Last edited by Shehryar; Mar 24th 2009 at 11:14 am.
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Old Mar 24th 2009, 11:31 am
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Default Re: Are commercial tenants protected?

the tenant law is only for residential, apparently there are different rules for commercial in dxb i believe, but dont know what exactly.
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Old Mar 24th 2009, 11:39 am
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Default Re: Are commercial tenants protected?

Originally Posted by busybee2 View Post
the tenant law is only for residential, apparently there are different rules for commercial in dxb i believe, but dont know what exactly.
If your company office is in a residential building and the contract says office space you are protected by the rent cap. We have a small office in town for meetings etc and we got the rent cap increase.

Our main premises at ICAD got a whopping 40% increase in land rent,
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Old Mar 24th 2009, 12:33 pm
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Default Re: Are commercial tenants protected?

They did release some numbers for a commercial rent cap but it was so high and drew so many objections they are currently revising it and should be done in a few days.

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