Renting property in Dubai has many benefits, such as affordable rents, luxury living, and cultural diversity. However, there are many things to consider before you sign a contract.
If you’ve newly shifted to Dubai, this article provides everything you need to know about renting a property in Dubai.
Renting Property in Dubai: Everything You Need to Know
1. Find an Approved Real Estate Broker
It’s very crucial to find RERA-approved brokers with a broker ID card. This confirms their authenticity and legitimacy. Moreover, always look for leading real estate agencies to get the right information and the best property for rent.
2. Get Your Contract Registered
Registering your contract with Ejari is crucial to make it officially legal. You’ll have to pay the contract registration fee of AED 195.
Moreover, it’s good to keep copies of the original fee deposit slip, the landlord’s passport, and your ownership proof.
3. Know the Renting Rules
Make sure you know the rent increment rules, which states that your landlord can’t increase your rent without notice. This law is stated in 2013 Decree no. (43). In case of misconduct, you can sue them by contacting the Rent Committee in accordance with 2013 Decree no. (26).
4. Rent Increment Policy
The Dubai Land Government has set some rent increment policies, which are:
- The landlord cannot increase your rent if you’re below 10% of average rent payers of similar units.
- If you fall in the category of 11-20% less rental value, your landlord may increase the rent by 5%.
- Your rent may be increase by 10% if you pay less than 20-30% of the average rent.
- If you pay below 30-40%, your rent can be increased by 15%.
- Also, if you pay below 40%, your rent can be increased by 20%.
5. Minimum Notice Period
In case your landlord wishes to raise your rent, or you wish to vacate the property, a minimum of a 90-day notice period is mandatory in either scenario. However, this period can be shortened only if both parties agree.
6. Eviction Policy – I
The landlord may not evict the tenant from the property without a notice period of 12-month duration, as stated in Article (25) of Tenancy Regulating Legislations on page 25.
Moreover, the landlord must send the notice through a notary post or authentic email.
7. Eviction Policy – II
If the landlord wishes to take possession of the real property or wants to give it to his first-degree relatives, then the landlord cannot re-rent the property to a third party before 2 years have passed from the date of possession. This law is in Article (26) of Tenancy Regulating Legislations on page 27.