News
Dubai offer homeowners relief by waiving off fines on non-payment of service charges for 2019-20 Dubai: All penalties imposed on homeowners in Dubai for service charge violations are being waived this year – this is part of a joint initiative between RERA (Real Estate Regulatory Agency) and a grouping owners association (OA) management companies. These…
But tenants still have room to pursue extended rent-free periods and monthly payments Dubai: More private landlords in the UAE have stopped enforcing penalty clauses on rental contracts, while some are now allowing payments to be made via monthly cheques. But landlords are yet to go in for full-scale rent waivers or rent-free extensions to…
Dubai: UAE’s tenants will need to convince landlords first about changes to their job status if they are to get any sort of rent relaxations. Expecting across-the-board rent waivers or rent-free periods may be expecting too much, market sources say. Getting involved in civil disputes with landlords too may not serve the purpose… especially when…
Dubai: With free zones in Dubai offering up to six months’ rent postponements, private landlords are now under pressure to match these incentives or even better them. At the very least, private landlords would be “forced” to consider rent payments via installments – something the free zones will now allow as per Saturday’s decision. These…
Owning a home is a keystone of wealth… both financial affluence and emotional security.