Abu Dhabi announces rent freeze for all properties

File Photo

Abu Dhabi Real Estate Centre has announced a rent freeze for all residential, commercial and industrial tenants until further notice.

In a post on social media platform X, the authority said any tenants with new contracts for previously rented unit will receive the same fee as the preceding contract.

It said renewals "will be processed at a 0 per cent increase for the duration of the measure".

 

More from Local

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    1:00pm - 4:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • The Debrief

    4:00pm - 7:00pm

    Join Dane on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!