Property in Dubai – Your Questions Answered

Dubai is the current investment destination and property prices have considerably appreciated. The influx of business people has meant an increased demand in rental houses and there are some useful tips that prospective tenants must understand before renting a place in Dubai. Regulations have been made especially on tenancy and it is known that these laws adequately protect both the landlord and the tenant. What laws regulate the landlord and the tenant? There are some basic laws governing the relationship between the property owner and the tenant. The “law number 26 of 2007” regulates this relationship by defining various terms and conditions involved in tenancy. Among the issues contained in this law is the tenancy contract and what constitutes its validity. What Is The Role Of The Real Estate Regulatory Authority? The real estate regulatory authority governs and regulates the property sector in the UAE. The authority provides information to potential investors, tenants and property owners on various issues regarding property in Dubai. “The Law Number 33” contains amendments to the law number 26 and is currently used in regulating the real estate sector. The “decree number 2” of the year 2011 regulates the procedures for rental increases, which is based on the rent index of the United Arab Emirates. What Does the Standard Tenancy Contract State? This document dictates the terms of relation between the property owner and...

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