Rent set to play budget villain: UAE residents
An Emirates 24l7 online poll on what will the biggest items of expenditure in the new year placed rent and property investment at the top.
UAE residents have voted on what’s most likely to eat up their incomes and cash reserves in 2013.
Forty-one per cent of those who voted (167 readers) picked rent as the one that is likely to cause them the maximum damage. With rents in most areas on the rise, it is evident why it tops the list. A recent report from CB Richard Ellis (CBRE), as reported in Emirates 24l7, has recorded 17 per cent increase in apartment rents in 2012, with experts predicting 2013 will only see an upward swing.
How Dubai Tenants can Avoid Falling Prey to 'Fraud' Property Firms
Dubai’s Real Estate Regulatory Agency (RERA) has received a number of complaints against companies who are involved in sub-letting properties despite their trade license not allowing them to conduct such an activity. The agency has also advised victims of the sub-letting scams to contact the Dubai Police and the rental dispute settlement committee along with the Dubai Economic Department (DED).
Can landlords ask sub-tenants to vacate their premises?
Article 25(1)(b) of Dubai’s Law 33 of 2008 states that if the tenant grants the sub-lease without the approval of the landlord, the landlord is entitled to follow a specific procedure to evict the tenant and the sub-tenant. In that event the sub-tenant retains its rights to claim compensation from the tenant.
Even if the landlord has not approved the sub-lease, and the head-lease is properly terminated, it does not necessarily mean that the sub-tenant must immediately vacate the property.