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Rules you should know for renting a Home in Dubai

If someone is searching for a new apartment in Dubai, they really need to be aware of certain rules which are must. The process involves paying multiple fees like agency fees, Ejari fees, housing fee, security deposit, etc. Some of the important aspects need a look at before opting for an apartment or villa in the emirate.

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Rules you should know for renting a Home in Dubai

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  1. Rules you should know for renting a Home in Dubai If someone is searching for a new apartment in Dubai, they really need to be aware of certain rules which are must. The process involves paying multiple fees like agency fees, Ejari fees, housing fee, security deposit, etc. Some of the important aspects need a look at before opting for an apartment or villa in the emirate. Picture Courtesy: odis.homeaway.com Brokerage Payment For renting purpose, if the help is taken from real estate agency or any brokerage firm, then agency fees also need to be paid. Normally, the commissions of the agency vary

  2. from 2-5% of the first annual rent. However, some agents of the agency can increase their commission in some cases. Picture Courtesy: journal.firsttuesday.us Ejari fee The next step in the procedure is the payment of Ejari fees. The Dubai land department rolls out this legal contract registration platform. The rules under this department aids in confirming the authentication of the contracts between the tenants and the landlords. The Ejari fees is of around Dh195. Security deposit A 5% fees on the annual rent is charged by the Dubai Municipality and added to the Dubai Electricity & Water Authority bills (Dewa). Along with, there is a security deposit to be kept aside which is generally equal to a month’s rent. This gets refunded after you

  3. quit renting the apartment and when you no longer stay there as a tenant. However, in some cases, like costs incurred for repairing, the landlords have the right to deduct some amount from the security deposit. For getting a Dewa connection, a deposit of Dh2000 needs to be done. This amount goes up to Dh 4,000 where villas are considered. The deposit amount is also refundable after the property is vacated. There is also a non refundable connection fees of Dh110 involved. Get Connected on Social Media: Facebook: https://www.facebook.com/AllegoriaProp Twitter: https://twitter.com/AllegoriaProp Instagram: https://www.instagram.com/allegoriaproperties/

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