Moving to a foreign country can be intimidating and finding the best place to rent can be daunting. Dubai expatriate population steadily increasing and the demand for rentals is high. Unfortunately for tenants has resulted in the skyrocketing rents. About half of UAE residents spend about 30% or more of their salary on accommodation expenses. Despite the Costs, most expats opt to lease, especially in the UAE for short-term contracts, rather than to invest in the property market. To facilitate Many of these are looking to rent a property in Dubai, the government has passed a law which provides that no rent increase is not accounted for 7% of the annual rent does not exceed may impose. There are also several new developments underway that should take some pressure off the market in the near future.
Housing is usually part of the expat package. Although in the past, companies would account for the entire rental amount, the trend now is for expats to be allocated a certain percentage of the total annual costs for accommodation, the rest being paid for out of their salary. Others note fees when renting include a security deposit (refundable At the end of the lease if the rent than those in good condition, by the landlord), possible parking fees, monthly utilities, municipality charges (usually) 5% of the lease, and 5% commission if you use the services of an estate agent. Maintenance and repair of the property covered by the landlord. Tenants are not allowed to make changes to the structure of the property inside or outside, without the permission of the landlord.
The rental agreement is often drawn between the landlord and the tenant companies operate / sponsor. If an expat signs the lease himself he must have a visa or a residence permit at least one Letter issued by his employer confirming that a visa is being processed. The normal duration of a lease is one year. Unlike in many countries, where rent is payable monthly, in Dubai in the year the rent is paid in advance, usually with 2 or 3 checks. For example, in the case of the semiannual payments, the first 6 months of the lease are paid off immediately with a current from the check, while the rest of the year with a post-dated check. (Short-term furnished monthly accommodation in Dubai is available but it is often more expensive.) It is important to understand that once the lease is signed, the tenant is bound by the treaty. To terminate the lease, the tenants would have the permission of the landlord. That being said, the rental laws in Dubai actually favor tenants. Landlord can not force tenants, without a very good reason to leave (for example, the property for personal use) is missing. Even if the lease for one year only, as long as the tenant does not break all aspects of the contract, it is assumed that the lease be extended. The municipality has established a special department, the Dubai Rent Committee will review all disputes between Landlord and tenant.
After expenses, the situation is probably the biggest factor in determining where to rent. Dubai is in two of the Deira Creek, with split (or "Old Dubai") on the one side and "New Dubai" on the other. The decision to hire, where you are working on factors such as accessibility to schools, Shops and hospitals. Some of the most popular locations are for rent:
- Garhoud: located near Dubai International Airport and offers a low-rise apartments and vacation homes at affordable rents.
- Mirdiff: a recent development, consisting mainly of villas, past the airport.
- Bur Dubai: near Bur Juman Shopping Center and offers low-cost housing.
- Downtown Deira: cheap low-rise apartments are readily available in this area is even if work or schools are on the opposite side of the bay, the traffic can be a nightmare.
- Satwa: a nicely located area between Sheikh Zayed Road, Bur Dubai and Jumeirah located, with low-rise apartments and cheap villas. It is believed that zoning regulations in the near future for Satwa change will enable the development of skyscrapers.
- Jumeirah / Umm Suqueim: ideally located near parks, the beach and schools, this is probably the most popular Area for the European and local communities, upscale villas and townhouses.
- New Dubai Developments: including The Greens, Arabian Ranches, The Lakes, The Meadows, Emirates Hills and Dubai Marina and close to Dubai Internet City. Many offer gated, family friendly communities with access to swimming pools and other leisure facilities.
The search for Dubai rental property can be substantial Find listings in the classifieds, or directly from the developer as Alpha Real Estate, Arenco Real Estate, Cluttons UAE, Better Homes and Century 21 Search for the perfect place to lease can be very time consuming and seems overwhelming. Understanding UAE rental laws, only with a reputable broker, and the investigation The best locations are all part of making the search for an apartment or villa in Dubai successful. About the Author:
Ahmed Juma is a local UAE businessman who owns and manages several apartments and villas for rent in Dubai. He is also the owner of Emirates-Ads, a free Dubai classifieds site with listings for jobs, property and accommodation, used cars, and items for sale including used furniture.
Article Source: ArticlesBase.com – Property for Rent in Dubai
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This post was written by whatever on February 18, 2009
