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“The time is now ripe to implement this decision as Dubai has set a 15 per cent cap in case landlords decide to increase rents, while in Ajman, a 20 per cent increase is allowed annually,” added the source. He noted that the emirate is witnessing rapid development in infrastructure, and a fixed percentage increase will help curb the greedy attitude of landlords.
The source added: “By determining the percentage of any hike in rents, tenants will not be under the pressure of greedy landlords, while the hike in the rents will be more affordable and limited, compared to the present state of high rents with no authority to control the hike.”
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