Saudi authorities will set rental prices in the country after "unjustifiable" increases in recent years, according to local media.
The ministries of housing and commerce and the Saudi Council of Chambers are establishing a mechanism to set rents annually based on factors such as the age and condition of the building, interior design and location, Arabic daily Al-Watan reported.
Rents have risen an average 75 percent in the past three years, according to the newspaper.
Read more: http://www.arabianbusiness.com/saudi-authorities-take-control-of-rents-489346.html
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