ABU DHABI // Real estate and legal experts have called for adopting measures that would adjust rents in the capital.
The measures should ensure a fair adjustment of rental values and guarantee the rights of all parties.
The experts said the real estate market is in dire need of new regulations 18 months after the removal of a 5 per cent annual rent cap.
This remarks come on the heels of recent rumours spread via text message, erroneously suggesting a new cap of 7 per cent had been set in Abu Dhabi.
Experts emphasised that the circulation of incorrect information contributes to market confusion and reveals impatience among tenants who want rent regulation in the capital.
The Department of Municipal Affairs announced at Cityscape Abu Dhabi that it is preparing a draft law to regulate the real estate sector, after taking into account views of relevant authorities. The department expects a new law at the beginning of 2016. It has also developed indicators for residential rentals in cooperation with the Department of Economic Development, the Central Bank, the Abu Dhabi Centre for Statistics and the Department of Justice. Previously, an ad-hoc committee was formed to study market conditions after the decision to eliminate the 5 per cent cap.
newsdesk@thenational.ae
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Director: Amith Krishnan
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Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
RESULTS
Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.
Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.
Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.
Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.
Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.
Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.
Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0
Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.
Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.
Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.
