No more rent hikes: Saudi Arabia freezes rent in Riyadh for 5 years; Key rules explained
Saudi Arabia has enforced a five-year freeze on rent hikes in Riyadh for both residential and commercial properties. The new regulations, backed by Crown Prince Mohammed bin Salman, aim to stabilize soaring rental prices, protect tenant rights, and improve market transparency. Measures include mandatory contract registration, automatic renewals, defined renewal exceptions, and strict penalties for violations.
Saudi Arabia has enforced a five-year freeze on rent hikes in Riyadh for both residential and commercial properties. The new regulations, backed by Crown Prince Mohammed bin Salman, aim to stabilize soaring rental prices, protect tenant rights, and improve market transparency. Measures include mandatory contract registration, automatic renewals, defined renewal exceptions, and strict penalties for violations.
