Dubai's Real Estate Market, Which Began Its Remarkable Growth After The Pandemic, Has Shown No Signs Of Slowing Down This Year. According to Richard Waind, group managing director of Betterhomes, tenants in Dubai are looking more and more to purchase real estate out of fear of obtaining eviction notices from landlords as a result of the surge in rental rates. In both the sales and rental markets,...
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With The New System, Tenants And Landlords Can Specify The Rent Payment Plan When Creating Or Renewing A Contract. Ejari, a mechanism for renting out real estate in Dubai, is now "completely linked" with a direct debit system (DDS). The UAE Central Bank's DDS does away with the requirement that tenants submit post-dated rental cheques, as the Khaleej Times reported in July of last year, according to...
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Tenants Believe It Makes Logical To Pay Their Current Landlord More Given That New Leases Have Increased By 20–30%. In Dubai, more tenants are choosing to stay put while rents are rising since it is the simplest choice. Residents are prolonging their present leases rather than moving to new homes and the significantly higher rentals, which come with them. The most recent home rental transactions...
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