When you rent your apartment in Dubai regularly, you know the process perfectly, as the rules haven’t been changed for a long time. However, if it is your first time, you may be little taken aback with all the steps you need to go through and legislation peculiarities.
Dubai authorities made huge progress in their effort to establish good relationships between landlords and their tenants when they clarified the landlords’ and tenant’s rights. In addition, the Real Estate Regulatory Authority has developed a unified tenancy contrast that is mandatory and contains typical clauses.
The rental business may seem to be so easy, attractive, and money-promising. However, it is still a business. In other words, it has its risks, problems, and obligations. And as a landlord, you need to have certain skills and abilities to face and handle them:
Issues about landlord rights to increase the rent value are most burning for tenancy relationships in Dubai. As it always comes when the interests of two parts are conflicting, one’s benefits cause losses for another part. So, the information we provide in this post may be useful both for landlords and tenants as it contributes to better understanding their opportunities and rights.
In 2002, expatriates were allowed to purchase property in Dubai. Since then, issues of getting a residence via property purchase have become of great interest. Now, buying a property is one of your best options to secure the residency without the need of sponsors.