Guide To Renting and Leasing Properties In Dubai
Published on 2019
Reading Time : 4 Mins
The 5 rules you must follow if you are planning renting an apartment in Dubai — either before you rent, whilst renting, or when (uh oh!) you’re evicted or just looking to move. Follow these simple rules for a trouble-free renting experience in the city.
Rule #1: Work only with RERA-registered brokers.
If your broker does not have a Broker ID card, work with someone else. Period.
This is as plain, simple and straightforward as it ca get. Going through a non-registered broker is just asking for trouble.
Rule #2: Register your contract with Ejari to make it legal.
Go to any typing center with your documents and register your contract with Ejari by paying AED 195 fee. Deposits, such as security deposits or others, should also be stated in your Ejari. Ensure that you get a receipt for the deposit and retain this along with proof of ownership of the property and a copy of the landlord’s passport.
Rule #3: Your landlord cannot raise your rent on a whim according to Decree No (43) of 2013.
If he/she does so, you can file a case with the Rent Committee based on Decree No (26) of 2013.
Rule #4: Increase in rent must follow the Rent Index set by RERA.
If your rent is up to 10% less than the average rental value of similar units, your landlord cannot increase your rent. If your rent is 11-20% less than the average rent of similar properties in the area, the landlord is legally entitled to a rent increase by 5%.Your landlord can hike your rent by 10% if your current rate is 20-30% lower than the going value. A 15% increase can be made if your rent falls short by 30-40% of the average rent. Your rent can be increased by 20% if your rent is more than 40% less than the average rental value of similar.units.
Rule #5: Use the rental calculator to know how much your landlord can legally raise the rent.
Dubai offers a high standard of living to expats, who flock there for the opportunity to live and work in this rapidly developing economy. In fact, with a whole host of family friendly attractions, Dubai attracts everyone from highly paid execs, to young professionals, families and students. If you’re coming to Dubai to study, you’ll find that there are strong local universities such as the University of Dubai (UD), as well as a large number of campuses affiliated to other universities from around the globe. The lifestyle on offer means that Dubai can be a fantastic expat destination.
Naturally, what you pay in rent will vary enormously based on location, and some people choose to swap the inner city for smaller outlying communities, where villas are more readily available.
In general terms, the rental market in Dubai is fairly well stocked and regulated. However, it can feel quite alien to a newcomer, and like anywhere there are unethical landlords and agents, so you should be wary. If you have any issues the government agency set up to help is the Real Estate Regulatory Agency (Rera), and they can offer advice and arbitration should you need it. If you’re just making plans, it’s important to take into account all the costs associated with your move.
For more information about living in the UAE, visit https://www.zoomproperty.com