Abu Dhabi rent hike halt sends relief to residents, Indian expats amid US-Iran war; experts weigh in
New Delhi, June 3 -- Abu Dhabi has temporarily frozen all rent increases across residential, commercial, and industrial properties. Announced by the emirate's real estate regulator, the Abu Dhabi Real Estate Centre (ADREC), all tenancy contract renewals will be processed with a 0% increase until further notice, offering major financial relief amid broader economic uncertainties as Middle East war continues.
According to Gulf News, ADREC stated that the rental amount agreed upon in the previous contract will continue to apply, and no rent hikes will be allowed on either renewed or newly signed lease agreements until further notice.
Abu Dhabi launched its first official rental index in 2024 to enhance transparency and establish benchmark ...
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