Al Ain: The Abu Dhabi government’s decision to do away with the annual rent cap seems to have left several Al Ain residents reeling. They have sought a proper regulatory mechanism to oversee rents in the city.
In some cases, rents have gone up by 20 to 40 per cent, forcing residents to move to cheaper or illegally sub-divided villas in less-than-ideal locations. Private sector employees and small businessmen are the ones to have been affected the most.
The cap, which limited yearly rental increases to five per cent, was removed by the Abu Dhabi government last month. Rents are now determined by property managers and landlords.
“Property managers are now taking undue advantage and have even withdrawn maintenance services in my building,” Mohammad Farouq, a resident, said.
Read more at Gulf News.com
- Scrapping of rent cap worries Al Ain residents (gulfnews.com)