A new law has been introduced about residence in Dubai, as per which the rents are to be fixed for 3 years in Dubai.
As per the shared details, Al-Bayan-which is an Arabic daily, has reported that the rents in Dubai should be set for 3 years after the inking of the rental agreement deal.
Sultan Butti bin Mejren-the Director-General of the Dubai Land Department (DLD) shared that a notice about this would be released soon.
He also added that a fixed rental price would become the reason to boost the confidence of the tenants’ of Dubai.
As per details, the new law would become applicable from the day any tenant signs a rental deal contract.
The Dubai Leaders program has been launched on Saturday by the AE Sheikh Mohammed Bin Rashid Al Maktoum.