Oman plans lower rent cap

Oman could set a seven percent cap on rent rises for each of the next two years and introduce a law that would prevent landlords from evicting tenants for as long as four years, a state rent committee member said yesterday. The proposal would reduce a current rental increase ceiling by one percentage point in an effort to fight inflation, Khalil bin Abdullah Al Khonji, a member of the government's rent committee, said.

The Gulf state said in September landlords could raise rents by no more than 15 percent over the next two years. The government's rent committee is recommending reducing this cap by a percentage point to 14 percent over the next two years, before reviewing it again as early as next year, Khonji said. Inflation in Oman, which pegs its rial to the US dollar, accelerated for a seventh straight month in January to 8.29 percent.

this is good news for worry peoples in oman, hope qatar will follow it

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