Gulf Insider
ADREC move offers financial relief as housing demand and investment surge Abu Dhabi Real Estate Centre (ADREC), the regulatory authority overseeing the emirate’s real estate sector, has announced the suspension of any rental increases on lease contracts until further notice. The move is expected to strengthen market stability and protect tenants from sudden rises in rental values. In official responses issued by its customer support team, ADREC clarified that no rental increases may be applied to lease agreements, whether for new contracts or renewals of existing ones. The approved rental value will remain the same as the last amount stated in the previous contract, with no increases permitted. The decision comes at a time when Abu Dhabi’s real estate sector is experiencing sustained growth, driven by rising demand for residential and commercial properties, as well as increasing local and foreign investment in the market. This makes regulating the relationship between landlords and tenants one of the key challenges in maintaining balance and long-term sustainability. Industry experts believe that freezing rental increases provides greater financial certainty for families, residents, and businesses, particularly given the close link between rental costs, living expenses, and operational expenditures. The measure is also expected to help […]
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