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Tue 27 May 2014 12:15 PM

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Kuwait mulling rental cap

The country would become the third Gulf gov’t to introduce such a measure, following Dubai and Qatar

Kuwait mulling rental cap

Kuwaiti lawmakers are considering implementing a rental cap, Arabic daily Al Anbaa has reported.

It would be the third Gulf government to limit rental increases, following Dubai and Qatar.

Details of the Kuwaiti plan have not yet been released but reports suggest the maximum increase would be set at inflation to “improve living standards”.

Kuwaiti rents are known to be high amid a housing shortage due to the number of foreign workers significantly increasing in recent years without a similar number of new homes being built.

According to local media, it is illegal to increase rents within five years of a tenant moving in but many renters were unaware of the law and agree to pay increased prices.

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