{"id":37976,"date":"2016-12-13T23:50:09","date_gmt":"2016-12-13T16:50:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=37976"},"modified":"2016-12-13T21:12:55","modified_gmt":"2016-12-13T14:12:55","slug":"abu-dhabi-reinstates-5-rent-cap","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-reinstates-5-rent-cap\/","title":{"rendered":"Abu Dhabi reinstates 5% rent cap"},"content":{"rendered":"


\nAbu Dhabi has reinstated a cap on rent increases of five per cent, three years after abolishing it, the Department of Municipal Affairs and Transport (DMAT) said on Tuesday.The rule is effective from Tuesday, the DMAT said in a statement.Abu Dhabi abolished the rental cap in November 2013, a move that allowed landlords to raise rents based on prevailing market conditions.Although rents in the capital continue to decline, they are still high by global standards.Average monthly rents for residential property in Abu Dhabi may be falling, but they are still the third most expensive in the world, property broker CBRE said in September.According to CBRE’s Global Living Report, average monthly rents in Abu Dhabi now stand at US$2,558, or Dh112,740 a year, exceeded only by those in Singapore and London.According to property broker Cavendish Maxwell, apartment rents in Abu Dhabi’s five key investment areas all fell by between 0.8 and 2.5 per cent in the 12 weeks to the end of September.Abu Dhabi has been hit hard by the global fall in oil prices, which has prompted a swath of job cuts in the oil and gas and construction sectors in the city, leaving apartments and villas vacant.dalsaadi@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Abu Dhabi reinstates 5% rent cap<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi has reinstated a cap on rent increases of five per cent, three years...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37976","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9Sw","jetpack-related-posts":[{"id":39151,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-business-as-usual-for-abu-dhabi-under-rent-cap\/","url_meta":{"origin":37976,"position":0},"title":"It\u2019s business as usual for Abu Dhabi under rent cap","date":"December 28, 2016","format":false,"excerpt":"\r First cap on rentals since 2013 Etihad Towers in Abu Dhabi. Patryk Kosmider\/Shutterstock The Abu Dhabi property scene is still reckoning with the government\u2019s decision to impose a rental cap for the first time in three years, The National reported. Some thought the move redundant, seeing as rental rates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39089,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-caps-rent-rises-just-as-they-fall\/","url_meta":{"origin":37976,"position":1},"title":"Abu Dhabi caps rent rises, just as they fall","date":"December 28, 2016","format":false,"excerpt":"\r Two weeks after the Abu Dhabi government reintroduced a rent cap in the capital, landlords and tenants are still weighing what this will mean for the rental market next year.On December 13, the Department for Municipal Affairs and Transport announced that it had taken the unexpected step of reintroducing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-landlords-weigh-options-of-reintroduced-rent-cap\/","url_meta":{"origin":37976,"position":2},"title":"Abu Dhabi landlords weigh options of reintroduced rent cap","date":"December 28, 2016","format":false,"excerpt":"\r Two weeks after the Abu Dhabi government reintroduced a rent cap in the capital, landlords and tenants are still weighing what this will mean for the rental market next year.On December 13, the Department for Municipal Affairs and Transport announced that it had taken the unexpected step of reintroducing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47751,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-to-decline-further\/","url_meta":{"origin":37976,"position":3},"title":"Abu Dhabi office rents to decline further","date":"March 12, 2017","format":false,"excerpt":"\r Office rents in Abu Dhabi are expected to fall further this year as the office market continues to be hit by the mergers of some of the capital's largest companies, and lay-offs in the oil and gas sector.According to research by property broker CBRE, office rents in Abu Dhabi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-broker-asteco-expects-abu-dhabi-rents-to-fall\/","url_meta":{"origin":37976,"position":4},"title":"Property broker Asteco expects Abu Dhabi rents to fall","date":"February 15, 2017","format":false,"excerpt":"\r Asteco has become the latest property broker to forecast rent declines in Abu Dhabi this year as 4,000 new homes are expected to come on to the market. According to the property broker's data, average rents for apartments in Abu Dhabi fell by 7 per cent in 2016 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-residential-rents-feel-the-pinch\/","url_meta":{"origin":37976,"position":5},"title":"Abu Dhabi residential rents feel the pinch","date":"November 16, 2016","format":false,"excerpt":"\r Office rents in Abu Dhabi have fallen to their lowest point in more than eight years as low global oil prices continue to slow the capital's economy. According to property broker Asteco, average office rents in prime office buildings in the capital slumped by 4 per cent in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37976"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37976"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37976\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}