Understanding Security Deposit Refund Rules in Dubai Question: I am planning to move out of my Dubai apartment soon. I wish to understand the rules around the security deposit I had given when I moved in. Does the owner have the right to deduct anything from that amount? If so, what are the reasons for which he can do so? Answer: In Dubai, landlords are required to return the security deposit collected...
Using Dubai’s Smart Rental Index to Negotiate a Fair Rent In Dubai, rent increases are determined based on the average rent hike of similar properties in a designated area. According to Article 1 of Decree No. (43) of 2013, rent increases upon contract renewal must follow these guidelines: No increase if the current rent is up to 10% below the area’s average rental value. A 5% increase if rent...
Dubai’s Real Estate Market: Strong Momentum Continues into 2025 Dubai’s real estate market had a record-breaking year in 2024, achieving new milestones throughout the year. Despite concerns of a slowdown, developers remain optimistic about maintaining the same sales pace in 2025, driven by strong investor demand for projects in prime locations from reputed developers. While analysts note that...
Dubai’s Prime Office Supply Set to Reach 8.2 Million Sqft by 2028 Businesses are shifting from Dubai’s central districts to emerging areas like Expo City due to a shortage of high-quality office space, which remains in exceptionally high demand. With supply struggling to keep pace in prime locations, companies are securing office buildings during construction to ensure access to premium...
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