Removal of Abu Dhabi rent cap can also work for tenants!! There - TopicsExpress



          

Removal of Abu Dhabi rent cap can also work for tenants!! There is no doubt this new ruling will cause some upheaval in the market in the short term. Tenants who are currently paying below market rents will feel the pinch of this decision when their tenancy contracts come around for renewal and landlords who have had their returns on investment restricted by sitting tenants will now have the freedom to take advantage of an upswing in the market. In fact prices will be pushed down in the long term because those tenants who cannot afford the rent rises in the units they are occupying will be forced to vacate. The units will then come back on to the market and the more units available means more choice, price competition and lower rents in the long term. --->thenational.ae/business/industry-insights/the-life/removal-of-abu-dhabi-rent-cap-can-also-work-for-tenants
Posted on: Mon, 02 Dec 2013 09:23:06 +0000

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