capping costs
Saudi Arabia freezes home rents for 5 years, citing steep increases
The freeze comes amid government concern about the impact of rising Saudi real estate values on the cost of living in Saudi Arabia's capital city
Bernd von Jutrczenka/picture alliance via Getty Images
View of Riyadh city center from the terrace of the Al Faisaliah Tower
Add The Circuit on GoogleSaudi Arabia has ordered a five-year freeze on rent increases for residential and commercial properties in Riyadh, effective immediately, citing a steep rise in housing costs.
The decree, issued by Crown Prince Mohammed bin Salman, requires that rents for...
