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Talking to colleagues, friends, or when checking out the real-estate adds in the local media no-one can fail to notice that rents are once more on the rise. There is a law regulating rentals in Dubai, where the landlord can increase rents by a minimum of five per cent to a maximum of 20 per cent — however this is when the existing rent is below the average market rate stated in Rera’s geographic rent index. But, do landlords actually abide by this law?
Expat Echo checked with the experts at Move One Relocation and 1Step Properties who advised that in their experience landlords are ignoring it as demand is just too high. They use the RERA Rental Calculator to work out if the landlord has the right to increase the rent but are finding that even if the rent is not 26% below the RERA Rent Index Landlords still increase rents! Tenants do have the right to file a case against landlord with Rental Committee however this can cost a lot of money and time and most tenants end up accepting the new rent or simply move out. Read more
When moving to Dubai and looking for property it is important to budget for the ‘Housing Fee‘ which needs to be paid for on top of your rent.
This fee is imposed by the Dubai Municipality.
Dubai Municipality is one of the largest governmental institutions in charge of cultural and heritage development, apartments and buildings regulation, food control, drainage network, sewage treatment, public parks, public health and safety, and various other municipal affairs and services.
The Housing Fee is calculated as 5% of the yearly rental charges which is then divided into 12 equal installments and added each month to your DEWA (water and electricity bill). Dubai Municipality base your annual rent on the Dubai Rent Index so if this is too high you must contact the municipality and advise them of your rent. Read more
Rera rent index 2013 update: Greens’ apartments higher than Marina, Downtown Dubai
Prices for one-bed apartment in Discovery Gardens at Dh35,000-45,000 pa
It’s official. Rentals of apartments in The Greens rose the highest, outperforming Dubai Marina and Downtown Dubai, the two communities that saw the highest transaction activity and price increases last year.
Dubai’s Real Estate Regulatory Agency’s (Rera) latest rent index update for 2013 reveals that the cost of renting a studio, one- and two-bed apartment in The Greens, a community developed and managed by Emaar Properties, jumped by 22 per cent, 15 per cent and 28 per cent, respectively.
The index, which is updated thrice a year, puts current rents for studios between Dh45,000 and Dh55,000 per annum compared to Dh35,000 to Dh55,000 stated in 2012’s last index update. Read more
You’ve chosen the area in Dubai that best suits you to live in and found what you think is the perfect home but before you sign on the dotted line you should be asking yourself is there anything else I should be looking out for? I recently put this question to long-term expats in Dubai and these were their top tips.
Recently it has become more of a requirement to obtain an attested lease agreement (Ejari) in order to obtain a visa for family members. For a long time this requirement was in the legislation, but it was rarely (if ever) enforced. Family members were able to get their visas without an attested lease being provided. Recently the authorities have started requesting the attested lease, so it has, in essence, become a requirement for people moving to Dubai with families.
The team at Move One Relocations answers some questions about Ejari Read more
Hi, We were renting a villa in Jumeirah with lease ending Oct. 19. But, there were major plumbing issues that the landlord did not take care of, so we moved out early (Aug 15). Unfortunately, we handed over the keys to the landlord at his request. We advised him that we were going to close Dewa on September 21, since we were no longer living in the villa and he had the key (and was allowing workers into the villa to renovate). So now, we have been requesting our deposit back and the landlord has not replied. I doubt the lease has been registered. Do we have any recourse???? thanks so much. Read more
