{"id":2963,"date":"2019-05-03T10:39:01","date_gmt":"2019-05-03T10:39:01","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=2963"},"modified":"2021-06-04T14:22:29","modified_gmt":"2021-06-04T07:22:29","slug":"dubai-mulls-freezing-rents-for-three-years","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/","title":{"rendered":"Dubai mulls freezing rents for three years"},"content":{"rendered":"

Land department officials study a cap on rents after government introduces measures allowing expats and foreign investors to stay a little longer<\/p>\n

\"\"
Camels on Jumeirah beach in Dubai. RastoS\/Shutterstock<\/figcaption><\/figure>\n

Dubai is proposing a three-year cap on rental prices as it prepares to introduce a new law governing homes for lease, according to the Dubai Land Department (DLD) on Thursday.<\/p>\n

Officials at the department discussed drafting a measure that would freeze rents for three years from the signing of a contract.<\/p>\n

“The new rental law and the three-year contract that the Land Department is drafting is being studied by the relevant departments,” a DLD spokesperson\u00a0told The National<\/a>. “The new law will be formally issued in the near future.”<\/p>\n

The department did not say if the proposed rent cap applies only to homes or to retail and commercial units as well.<\/p>\n

More: Now you can buy land in Abu Dhabi<\/strong><\/a><\/p>\n

The proposal comes as Dubai continues to attract more expatriates and investors to the emirate by way of economic reforms and visa enticements. These include a measure granting residency visas of up to 10 years to scientists, medical practitioners, researchers, technically skilled workers, and exceptional students, plus five-year visas for international students.<\/p>\n

Foreign ownership laws have also been modified to allow investors to have a 100 percent stake in a United Arab Emirates company, up from a previous limit of 49 percent.<\/p>\n

By relaxing foreign ownership laws and offering looser residency requirements, the government could reinvigorate the property market and encourage property seekers to look for longer lease terms, market observers tell The National.<\/p>\n","protected":false},"excerpt":{"rendered":"

Land department officials study a cap on rents after government introduces measures allowing expats and foreign investors to stay a little longer<\/p>\n","protected":false},"author":8,"featured_media":20034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[141,185],"class_list":["post-2963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dubai","tag-uae","news_country-rest-of-asia","news_author-property-report"],"acf":[],"yoast_head":"\nDubai mulls freezing rents for three years | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai mulls freezing rents for three years | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Land department officials study a cap on rents after government introduces measures allowing expats and foreign investors to stay a little longer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-03T10:39:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-04T07:22:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_631606541.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"654\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Al Gerard de la Cruz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Al Gerard de la Cruz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/\"},\"author\":{\"name\":\"Al Gerard de la Cruz\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/d598baf75e0e9766e7eff8e4d8ab25ca\"},\"headline\":\"Dubai mulls freezing rents for three years\",\"datePublished\":\"2019-05-03T10:39:01+00:00\",\"dateModified\":\"2021-06-04T07:22:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/\"},\"wordCount\":275,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_631606541.jpg\",\"keywords\":[\"dubai\",\"uae\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/\",\"name\":\"Dubai mulls freezing rents for three years | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_631606541.jpg\",\"datePublished\":\"2019-05-03T10:39:01+00:00\",\"dateModified\":\"2021-06-04T07:22:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_631606541.jpg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_631606541.jpg\",\"width\":1000,\"height\":654},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/dubai-mulls-freezing-rents-for-three-years\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai mulls freezing rents for three years\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/d598baf75e0e9766e7eff8e4d8ab25ca\",\"name\":\"Al Gerard de la Cruz\",\"description\":\"Deputy Editor\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/gerard\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dubai mulls freezing rents for three years | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/","og_locale":"en_US","og_type":"article","og_title":"Dubai mulls freezing rents for three years | Asia Property Awards","og_description":"Land department officials study a cap on rents after government introduces measures allowing expats and foreign investors to stay a little longer","og_url":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2019-05-03T10:39:01+00:00","article_modified_time":"2021-06-04T07:22:29+00:00","og_image":[{"width":1000,"height":654,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_631606541.jpg","type":"image\/jpeg"}],"author":"Al Gerard de la Cruz","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Al Gerard de la Cruz","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/"},"author":{"name":"Al Gerard de la Cruz","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/d598baf75e0e9766e7eff8e4d8ab25ca"},"headline":"Dubai mulls freezing rents for three years","datePublished":"2019-05-03T10:39:01+00:00","dateModified":"2021-06-04T07:22:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/"},"wordCount":275,"commentCount":0,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_631606541.jpg","keywords":["dubai","uae"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/","url":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/","name":"Dubai mulls freezing rents for three years | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_631606541.jpg","datePublished":"2019-05-03T10:39:01+00:00","dateModified":"2021-06-04T07:22:29+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_631606541.jpg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_631606541.jpg","width":1000,"height":654},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/dubai-mulls-freezing-rents-for-three-years\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Dubai mulls freezing rents for three years"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/d598baf75e0e9766e7eff8e4d8ab25ca","name":"Al Gerard de la Cruz","description":"Deputy Editor","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/gerard\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/2963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=2963"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/2963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/20034"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=2963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=2963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=2963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}