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Dubai eases up on property rent hike curbs

Impact seen to be nominal; but rental index will be more of a reference point

[DUBAI] Dubai, where property prices have surged more than 40 per cent this year, will allow landlords to increase rents at a faster pace as economic growth in the emirate accelerates. Under the decree, issued by Sheikh Mohammed bin Rashid Al Maktoum, landlords can raise rents by 20 per cent if