What are the red flags when buying an apartment in Dubai? – information

The lessee has the right to negotiate with the landlord to reach an agreement acceptable to both parties.

My landlord has increased my rent, which is within Rera’s limits. I don’t mind living in an apartment but would like a rent reduction. Can I renegotiate with my landlord? According to my contract, I need two months’ notice to move out of the apartment. Can this be boiled down to one by mutual agreement, or should I get in touch with Rera?

In Dubai, rents are regulated by the Real Estate Regulatory Authority (RERA), the Dubai Land Department.

> for you Proper notice (usually 90 days) for rent increases

> his request Compliant with RERA price index or independent RERA valuation

> has been maintainedo A check for the same amount you have already paid in the contract

Then it is considered legal. However, you have the right to negotiate with the landlord to come to an agreement that is acceptable to both of you.

It’s best to talk to your landlord first. Explain your reasons for renegotiating the rent and see if they are willing to work with you. If the landlord is willing to negotiate, you can work together to reach a mutually acceptable solution.

If you cannot come to an agreement with the landlord, you will have to agree or give sufficient notice to leave. If you don’t come to an agreement with them and the contract is less than two months away, most landlords are now still flexible enough to let you terminate the contract without paying additional penalties, knowing they will be able to get a new The rent for the lease is much higher.

Connor Manning is Regional Manager for Betterhomes.

I would love to buy an apartment in Dubai. I’ve been in touch with realtors and they say they can get me a deal because there are cheap sales. What are the red flags for buying a home here? How should I choose the best real estate agent?

It’s great that you’re keen to buy now because the market still has a lot of potential to keep going up. However, the chances of getting a “cheap deal” in this market are slim. Any seller eager to sell today should have some buyers ready to buy the property at current market prices. If an agent promises to sell at a low price, there is a 99% chance that it is not the real source or the price is higher than the market price.

The best way to choose a realtor is to first ask your friends and family for any recommendations and get their opinions on the realtors they use. Second, choose a well-known market-leading brokerage with a solid reputation and track record of success.

Check online reviews, visit their websites, and find out about their experience and qualifications. Once you have selected a brokerage for you, contact their regional experts regarding the community you wish to buy from. This way, you will have a reputable brokerage firm and an agent who knows the area best, allowing you to get the best price. Finally, communicate your needs, budget, and preferences clearly with your real estate agent. This will help them find the right property for you.

Connor Manning is Regional Manager for Betterhomes. The views expressed are his own and do not reflect the policy of the newspaper.