Abu Dhabi: The UAE Ministry of Finance has introduced new rental policies to improve the business environment and promote sustainable economic activities. These policies establish clear guidelines for leasing and renting, regulating the relationship between property owners and tenants across federal properties in the Emirates.
The Ministry emphasizes the importance of continuously updating the legislative framework for the UAE’s economic sector. The new policies aim to create a robust regulatory system for property management, addressing issues related to both movable and immovable properties under federal jurisdiction.
These policies are designed to standardize and document procedures across government entities, serving as a primary reference for employees involved in rental operations. They ensure the accurate implementation of approved policies, provide clear compliance guidelines with existing laws and regulations, and aim to regulate the landlord-tenant relationship.
Key aspects of the new policies include:
- Reducing ambiguities in rental agreements
- Defining employee responsibilities
- Establishing conditions for renting federal properties
- Specifying types of properties and categories of tenants
- Planning, pricing, and leasing procedures
By aligning with best practices, these policies aim to enhance real estate investment and management in the UAE.