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Thu 7 Jan 2016 11:35 AM

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Qatar seeks to curb commercial rent increases

Advisory Council is seeking to reduce the annual percentage increase in rent allowed for shops and other commercial spaces

Qatar seeks to curb commercial rent increases

Qatar’s Advisory Council is seeking to reduce the annual percentage increase in rent allowed for shops and other commercial spaces.

The council, during its meeting this week, recommended that the government should reduce the fixed percentage amount that commercial property owners are allowed to increase rent each year, according the Qatar News Agency.

The council has also asked that state-owned companies that own real estate should also review its rent and sign new tenancy agreements at reduced rates.

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