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Dubai is a hub of luxurious houses and properties sold by various real estate companies, and since investment in Dubai is considered as one of the life-changing games, there is no dearth of properties being sold here each day. Most properties are purchased, however, as part of the investment portfolio of the investor and hence are usually rented out. If you are the one who seeks to buy a property to rent it further, you must regulate your tenancy contract in Dubai and mandatorily register it.
Ejari, an Arabic word, meaning ‘My Rent’, protects the rights of the landlord and tenants in the real estate sector in Dubai. Do not forget to register the Ejari and renew it. Manage your portfolio as an owner by taking services initiated by RERA.
While endeavoring to create a Dubai real estate environment guaranteeing the rights of all stakeholders, and envisioning becoming a global real estate leader in attracting investments, Dubai Land Department has worked amazingly by establishing and executing transparent real estate regulations. In a direction to regulate tenancy, Law No. 26 of 2007, as amended by Law No. 33 of 2008, introduced an online program to record tenancy contracts for all types of property in Dubai. RERA has made arrangements with Dubai Real Estate Institute to train the registered persons and award them certificates.
Parties Involved?
Mandatory registration of Ejari in Dubai involves all those engaged in the property lease and management sector, including licensed companies concerned, companies which own and manage properties, or landlords who manage their properties personally or through their legal representatives.
Steps Involved?
Let us try to understand the steps involved in registering a beautiful Dubai property, whether a studio, apartment, villa or even a mansion.
A. On the part of the owner
If you are an owner, you are required to complete the property management form (CD) and submit it with the passport copy, title deed, and the power of attorney of one of the owners (in case of a jointly owned property). The owner may choose to delegate the responsibility to a property management company, which is duly licensed by and registered under RERA. The owner has to ensure that the property is not mortgaged, or financed by Zayed Housing Project or Mohammad bin Rashid Housing Establishment. At the same time, the property must be an insured one with the rental value duly identified.
B. On the part of the tenant
As a tenant in Dubai, you may have to deal with the owner directly, or through a property management company. In the former case, you should verify the property ownership, building license, while in the case of the latter, also the trade license of the property management company to verify the name of the company, type of the licensed activity, and whether it is authorized to lease and re-lease.
Either the owner or the tenant may register the lease contract at the printing office.
Process of Registration
You, as an owner or tenant, would be required to fill in an online form, detailing the property, purpose of lease, type of use, in consonance with the terms of the lease agreement. The following documents shall be verified and uploaded to the system thereafter: a. Lease agreement b. DEWA invoice for the preceding month c. Title Deed copy d. Tenant’s passport copy e. Trade License copy, in case the tenant is a company
To regulate the rental increases for real property in Dubai, Decree No. (43) of 2013 was issued to cap the maximum increase permissible for various properties depending upon the average rental value of similar units in the Emirate of Dubai. For more information, contact us and our expert will be happy to assist.
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