Rental properties in Dubai, rent is generally paid in advance for either 6 months or 12 months in 2 checks in advance. Most property owners will limit it to 2 to 4 cheque payments if payment is made by cheques. In most cases, rental properties needs the payment of a refundable security deposit of 500 to 5,000 Dirhams. Also, utility bills are paid by the tenant and it is a requirement that a refundable deposit of 1,000 to 2,000 AED security deposit should be paid to the landlord for usage of utilities. Some rental properties need the payment of a 10% municipal tax as well.
Rental property contracts in Dubai are for 1 year, which are renewable at the discretion of the landlord. Also, property owners are not allowed to raise rents until contract renewable date. On renewal, a landlord is not permitted to increase the rent by more than 7% in Dubai. Keep in mind that if a dispute occurs between the tenant and landlord on the rent price increase, then arbitration can be taken to the Municipality's Rent Control Committee for a settlement. To file a case to the Rent Control Committee will incur charges of 500AED, and cases with the Rent Control Committee can take anything from 6 weeks to 6 months for a hearing. Property Network provides a full host of Dubai properties for rent and takes complete charge of management for Dubai properties to rent. The company has a huge database of Dubai properties to rent, including Dubai apartments, Villas and Penthouses across Dubai in developments, including Dubai Marina, Silicon Oasis, IMPZ, Dubai, The Palm Jumeirah and other parts of Jumeirah. Properties In Dubai to rent are situated in some of the most scenic areas overlooking the Arabian Sea to golf courses and bird's-eye views of Dubai. Apartments for rent in the city range from studio apartments, 1 bed apartments, 2 bed apartments, 3 bed apartments, penthouses and villas. Rents are often agreed on payment of 6 months rental every 6 months in advance and rent are often rented with rental payment every 12 months in advance as well. Properties for rent will increase throughout the following 8-12 months with the release of key developments. The Dubai rental market has been hit recently, with a year on year rental cap increase of 7%. In addition to this, the rulers of Dubai introduced this rent cap of 7% on Dubai properties. Properties to rent are mainly occupied by expatriate workers.Related Blogs by Tag.
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