The rental market in Dubai is developing rapidly. There’s a lot of new construction, which means that the stock of housing for rent in certain areas is pretty good. Dubai is billed as the land of opportunity, and attracts huge numbers of expats looking to live and work in this desert oasis. The lifestyle can be glamorous, but it’s not cheap. Renting a one-bedroom apartment in the city centre will cost, on average, AED7,000 to AED 10,000 outside of the city centre. These costs are similar to London, but some 60% more than you might expect to pay on average in Paris. Buying an off-plan property is common in the UAE, however, you should contact the relevant authorities in the respective emirate to complete your research about the developer and the project before taking any decision about buying or may seek assistance of Property Lawyers of Dubai. Provisions of Law No. 26 of 2007 Regulate the Relationship between Landlords and Tenants in the Emirate of Dubai (Dubai Tenancy law) and Law No. (33) of 2008 Amending Law No. (26) of 2007 Regulating the Relationship between Landlords and Tenants in the Emirate of Dubai is also applicable.
Legal aspect of renting
In most cases a properly registered tenancy agreement is very well protected. You should confirm this before entering into a contract and check for any hidden costs or information on what happens if the project is not completed on time and for better understanding consult an expert because Further, Article 22 of the Real Estate Law of Dubai states: “A broker shall be responsible for any losses or damages inflicted on any of the contracting parties as a result of his acts through deception, fraud or non-observance of the principles to be followed as per the provisions of this By-Law or in accordance with the requirement of the Code of Ethics.” To do this, you have to register your tenancy with “Ejari” which is the Arabic word for ‘my rent’. When any new resident decides to rent a property the question of the visa status is of paramount importance and needs to be in place before moving in. It is the permanence of an employment visa that gives it credence. A landlord or a tenant may not unilaterally terminate the tenancy contract and it may be terminated mutually by the landlord and the tenant during the term of the contract. Article 19 of the Dubai Tenancy Law mentions that the tenant must pay the rent on due dates. If you want to terminate the contract and the landlord does not agree with your request, you may approach the Rental Dispute Centre (RDC) in Dubai and file a complaint against your landlord for not agreeing on the early termination of your tenancy contract without payment of any penalty. The landlord can also not wish to renew for a few reasons, namely moving in himself or selling the property but then a 12-month notice period has to be served in the proper manner i.e. via notary public or registered mail.
Before you start to look at homes in Dubai, it’s a good idea to narrow down your search area, based on where you’ll work. There are some distinct differences in how the rental property market works in Dubai, compared to other countries.