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"We are committed to the notion that quality matters and will never stop striving for perfection"

Dubai Ruler issues decree for new rent rules in emirate

12/21/2013

 
Tenants in Dubai could face rental increases of up to 20 per cent if they want to stay in their current properties, under a new decree issued by the government.

The new rules state the maximum landlords can hike rents when renewing contracts. Any increase will depend on how much you are paying compared to similar rents in your neighbourhood.

If you are currently paying less than 10 per cent under the average rent for the area, which is defined by the Real Estate Regulatory Agency (RERA), then the rent cannot be increased.

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If you are paying between 11 per cent and 20 per cent less than your neighbours a landlord can hike your rent by 5 per cent. If the rent is 21 per cent to 30 per cent less than the average then landlords can increase it by 10 per cent. If it is 31 per cent to 40 per cent less, then you may be looking at a 15 per cent rent hike.

Or, if your rent is more than 40 per cent below the market average you could end up forking out 20 per cent more to stay put. UAE Vice President and Prime Minister and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum issued the decree.


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Dubai government employees get 100% salary hike

12/19/2013

 
Dubai government has increased the salaries of public sector employees by up to 100%, it announced on Tuesday. 

Under a 'nature of work allowance', employees of 32 government departments will receive salary hikes between 30-100%, depending on their current role.

Salaries for doctors, financial controllers and auditors will be doubled provided the increase does not exceed AED 25,000 per month. 
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Engineers, legal advisors, financial planners, investment managers, Ruler’s Court employees, internal auditors, university teachers and specialised Human Resources and Information Technology employees will be receive a 50% increase of up to AED10,000 per month.  Night shift employees are eligible to a 25% increase.

The increase takes effect in December and will be paid retroactively to June 2013. 

"The allowance aims at empowering government departments to boost their capability to attract specialised and outstanding human resources, and retain them," state news agency WAM said in a statement. 

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  • Home
  • ~ Dubai News ~
  • THOE
    • The Floating Seahorse
    • Portofino Family Hotel
    • Germany Island Villas
    • Monaco De Dubai Hotel
  • EMAAR
    • Aseel Golf Villas
    • Il Primo Penthouses
    • Palace Residences
    • Beachfront Apartments
    • Grande Downtown
    • Expo Golf Villas
    • Maple Villas
    • Creek Gate Apartments
  • Nakheel
    • Al Furjan
    • The Palm Tower
    • Nad Al Sheba Villas
  • Meraas
    • Bluewaters
  • Al Wasl
    • The Nook Apartments
  • Palm Jumeirah Portal
  • Company Sponsorship
  • Member Registration