Good News For Dubai Tenants

Experts call for end of one cheque rentals...
Sunday , 07 October 2012
Good News For Dubai Tenants

OMG! There could be some good news coming your way if you rent in Dubai. Real estate professionals are calling for the one cheque system to be banned and replaced with monthly rent cheques to protect tenants from a repeat of the recent rentals scandal that rocked the emirate. Tenants who handed over cheques upfront for a month's rent were stunned to discover that their agent had absconded with their hard-earned cash leaving them facing eviction. The National reported, "In September, two
agents from Marks Falcon Real Estate and FHS Properties fled with half-yearly
rent payments amounting to at least Dhs80 million, handed to them by as many as
7,000 tenants and in August, Haitham
Al Kouatly, chief executive of Shamyana Entertainment Services, siphoned at
least Dhs6 million in annual rent from at least 130 tenants, plus quarterly
payments from about 350 tenants." We'll keep you updated, but for now RERA, the government body responsible for holding Dubai landlords to account, has advised all potential renters to check their landlords credentials under their Ejari scheme at www.ejari.ae.

 

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