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Re-rental dilemas Re-rental dilemas
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Re-rental dilemas

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  #1  
Old 14-10-2008, 12:01 PM
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Default Re-rental dilemas
I rented out my studio for AED 38,000 with 2 cheques. Now i hear the going price is 55,000- 60,000 AED. Is there a rule that a tenant wil get a renewal on the same terms as last year?

I rented through a real estate agent and i in the authority letter i clearly mentioned for 1 year only. Now the agent says that i might have to settle for the same rent as last or if you on your behalf workup a deal with the tenant.

How long can a tenant force me to do so.I heared that you can increase the rent 5% annually and its only for the 2and year that a tenant can force u to renew the contract.

Please advise me wat is the market norms in these conditions as i have no idea of rent procedures of dubai.

I will be grateful.
Last edited by DOC-KASH; 14-10-2008 at 12:03 PM. Reason: spelling mistake
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Old 15-10-2008, 05:11 AM
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Rental is capped for two years. More information on the legal side of rentals in Dubai is available on the RERA (Real Estate Regulatory Agency, Lands Dept, Govn of Dubai).
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Old 15-10-2008, 12:49 PM
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Check out Law No. 27

Welcome to the Official Dubai Real Estate Community


I think the rents on offer now are high becuase landlords are factoring in a rate cap for 2 or 3 years.
Last edited by anil; 15-10-2008 at 05:21 PM.
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