Friday, 20 June 2014

State of real estate companies in Dubai

Unusual rise of land prices and the inefficient lack of low and affordable renting places in Dubai has led to the launch of more and more real estate companies in Dubai these days due to which almost everyone agrees on the note that moving to a new country and setting up a house can be very challenging and this is especially true if you are trying to find accommodation for a family.  Though some companies provide accommodation and some even provide an allowance as part of the salary to be used for accommodation it is necessary that Before you sign a contract,  you make sure that you know what kind of a deal you are being offered by them. If you expect to have accommodation provided as per the deal, always make sure that it matches the size of your family, so confirm about the venue and other details before venturing in, also check in if your company will provide you with and whether or not you will be supplied with a villa or an apartment if it is necessary.
 


If you plan on renting a place in Dubai you may have to compromise at first but relocation can be made after the initial year. If you intend to a rented apartment in Dubai the biggest issue will be deciding the amount that you need to put aside for paying the place immediately. It is possible to get very reasonably priced apartments, a one-bedroom apartment in Dubai however it is difficult to obtain free parking areas and which is why you need to ensure that your building has designated park-in to park your vehicles in the basement. Before you proceed to actually buy flats for rent in Dubai it is necessary to find out the legal procedures of the country.

 


Most of the owners will ask you to sign a rental contract with the owner before you buy flats for rent in Dubai, for the bottom line is that you and the owner will be making a one year commitment on whatever payment deal you strike beforehand, and there are consequences if you break this contract. It is a double edged sword for it works amicably to protect the tenants as well, for according to the contract the landlord is not allowed to make unreasonable rental increases at the end of the year and if you want to continue to stay in the same apartment or villa then the one year testament can be easily revoked again.

The owner and association members will actually take in a copy of all your documents and proofs 48hours before you move-in, in order to ascertain if you are who you say you are and if at all you feel that the owner or the association is charging more than what is actually supposed to be paid for the apartment you can take up the issue in the courts for the testament is a double edged sword that can rope in either ways. Well living in Dubai is easy queasy if you are ready to abide by the rules and regulations set forth by them.

1 comment:

  1. Great blog about real estate investment in Dubai. Investing in real estate secure your future. It is the best way to invest your funds and enjoy the benefits of yearly rental income from your property. Get Businesses Start Up Ideas In Dubai from inv500.com.

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