Dubai: A rent cap is not needed this year, Marwan Bin Galita, chief executive of Dubai's Real Estate Regulatory Authority (Rera), told Gulf News.

Many tenants in Dubai are still confused that no rent cap for 2009 has been announced. While the cap for 2008 was set at five per cent, this was due to run out at the end of last year.

Since then, nothing more has been said on the issue.

However, Bin Galita told Gulf News on Monday that in his opinion, no rent cap is necessary in 2009.

"We don't need a rent cap this year. We need to freeze everything. 2009 is a tough year and we shouldn't interfere with rents too much," Bin Galita said.

Bin Galita also said rental rates should be fair to both landlords and tenants.