EVERYTHING YOU NEED TO KNOW ABOUT DUBAI TENANCY CONTRACT
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Dubai rental market has recorded a great increase in the past few years. As Dubai is a magical city that provides numerous opportunities, safe living, and a better life quality. Many of the people like to move to Dubai and most of them prefer renting a property. It is really important to know about the Dubai Tenancy Contract, and how it works.
A tenancy contract is a civil law agreement, between the landlord and the tenant in order to establish all parameters of the transaction. The contract specifies the cost and term of the lease, payment terms, the liability of each of the parties in the event of a breach of the tenancy agreement, as well as any additional costs and the distribution between the two parties. The tenant or landlord must register the tenancy contract with the Real Estate Regulatory Agency (RERA) through Ejari.
You can download it from the official website of the DLD or download it via the Dubai REST app.
The tenancy contract in Dubai must contain both English and Arabic. Landlords and tenants can add special conditions to the contract, such as a set price for repair inside the apartment, mandatory payment of a penalty in case of early termination of the contract, and so on.
Before signing the tenancy contract, we should be aware of some of the key tenancy contract clauses. Renting has its own dynamics and quite different tenancy rules.
It is a good idea to evaluate the pros and cons of renting apartments vs villas in Dubai to get a clearer idea of which property type works best for you. Whether you are interested in renting a property in Dubai don’t hesitate to contact us. We are here to find you the perfect choice.
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