Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

New rental law proposed in Dubai

07.10.2018
New rental law proposed in Dubai

A new rent law aimed to clarify and ease the relationship between tenants and landlords drafted recently in Dubai.

Ahmad Saeed bin Mashar Al Muhairi, Secretary General of Supreme Legislation Committee in Dubai, said the law is expected to come into effect by the end of 2018.

The law was designed to provide more tenant rights’ protection and more security to landlords, as well as to give impetus to competitiveness development in Dubai’s real estate rental market.

Al Muhairi explained that the law proposes to bring into life rental agreements division by four different types: for residential rents, for office rents, as well as for commercial and industrial premises lease. The law also clarifies a standardized procedure of increasing rents in both residential and commercial sectors. And besides, the new law also takes into consideration the differences between commercial units with respect to their location and facilities on site.

The circumstances for tenant’s eviction are also made clearer in the new law draft, with more comprehensive legal provisions set to eliminate disputes in this field.

Before proposing the law, the legislators held a number of thorough consultations with Dubai master developers, tenants and landlords. And for now, government agencies are assessing the proposal draft.

According to Asteco latest report, Dubai villa and apartment rental rates dropped by 3 to 4 per cent respectively since the second quarter, "maintaining the downward trajectory" of the past quarters. Year-on-year rental declines were even more pronounced, brining rents down by 14-18 per cent on average, and even up to 20 decline in some communities. The sharpest drop in rental prices was recorded in the areas with the largest influx of new housing on the market. However, this applies mainly to residential properties: commercial rents and office rentals manage to keep rates at almost the same level due to the limited, or sometimes even negative, supply.

If you want to lease out your property at an adequate price, quickly and reliably, and preferably to good tenants, and get rid of managing problems as well, you should definitely take a closer look at Property Management special service provided by IMEX Real Estate. We constantly trace the slightest changes in the Dubai property market and transform our findings into the best offers for our customers. Our contacts:

Tel.:+971(50)2528188 (Whatsapp, Viber, Telegram)

Toll Free: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Skype: resident69

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management