Dubai Rental Laws

With the recent growth and development in the construction and real estate business in Dubai, a simultaneous change in the Dubai rental property law is also witnessed. Due to the rush of people and companies from all parts of the globe, Dubai property rent has increased remarkably. For those coming to Dubai with a view to purchasing Dubai Property and real estate, it is essential to learn these new changes in Dubai property and rental laws to make a Dubai property deal effective.
The new Dubai rental laws and their implication are targeted to help those who wish to rent Dubai properties. The new Dubai Property rental law states that the rent of any property cannot exceed by more than 5% of its lease price. Dubai property allowance is also reserved for the expatriates. The recent Dubai property law enables the employees receive a certain percentage of the yearly housing costs from their companies; however, the rest amount has to be contributed by the employees themselves.
Now delve into the recent changes brought out in the Dubai rental property laws. The new law dictates that there are some additional costs associated with the rent of the property, such as agent commission, car parking money, municipality fees, security deposit money, and other monthly utilities. It must be well noted that the tenants are not authorized to make any changes in the property. The new Dubai property law is much favorable to the tenants. The tenant has to pay the rent for the whole year at a time.
For an expatriate, who is not a holder of the residence visa, the company has to sign the lease document with the proprietor for the concerned property in Dubai. Dubai Rental Committee is the professional body in Dubai to resolve any sort of disputes arising between the tenant and the property owner.
Soon Dubai rental property law is expected to be revamped to make it much flexible for the tenants. The Government of Dubai is taking care of the changes in Dubai rental property law very personally. Dubai rental property law is soon going to take its new shape and will be implemented to ensure full confidence and protection to the tenants.
By: Editor22
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The article is contributed by a professional content writer. For further information on Dubai Properties and Dubai property please visit at www.dubaipropertysearch.net