No new rent law in the offing

ABU DHABI — Minister of Economy and Planning Shaikha Lubna Al Qasimi's statement yesterday dismissing reports of a new federal rents law dashed the hopes of all those living in rented premises of a downward revision of rents.

By A Staff Reporter

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Published: Tue 4 Jul 2006, 10:06 AM

Last updated: Sat 4 Apr 2015, 7:07 PM

The minister, however, observed that the government had directed the concerned departments to work on improving relations between landlords and tenants. She explained that the Ministers' Council had entrusted the Ministry of Economy to coordinate with specialized departments at the local government level to strengthen mutual trust between tenants and landlords but emphasized that the issue of an amended federal rents law had not been discussed.

Shaikha Lubna pointed out that the relationship between the tenant and landlord was subject to laws and regulations enforced in each emirate and that there was no federal law applicable across all the emirates. Rental rates of properties were governed by laws effective in the various emirates and by specific supply-demand scenarios, she added.

Describing reports of an amended legislation as "untrue and unfounded," she rubbished reports in certain local dailies to the effect. A local newspaper in its story yesterday had sought to assert that the Cabinet had made it binding on various

departments to implement a comprehensive study to curb and control high rents and to better relations between tenants and landowners in general, prior to the notification of a federal rents law.

The minister called on media establishments to verify the accuracy of their reports before going to print rather than disseminating the wrong information and generating needless controversy.



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