My tenancy contract expired and I did not renew the lease. However, the landlord will not give me the clearance letter to move out. He wants me to give him Dh4,000 as a guarantee that I will cancel all services, including electricity and water. He is also charging me daily rent plus seven days and has taken my passport as a guarantee that I will not leave the country. Can he do this? MB, Sharjah
Obtaining a clearance letter from a landlord is a common practice when moving out of a property.
As you are not renewing your tenancy agreement, my advice would be to go ahead and cancel your electricity or water connections and pay your final bills. This way, there is no need for any extra money to change hands between you or the landlord.
Some landlords use the security deposit to clear unpaid utility bills after a tenant has already vacated the premises.
Charging you the extra rent is the landlord’s way of bullying you to accept his terms, which I feel is over the top. To avoid this, close your utility accounts and settle the final bill as soon as possible to avoid paying the Dh4,000 guarantee. It is illegal under UAE law for the landlord to take your passport.
In 2002, the Ministry of Interior issued Decree 267, which states: “As the passport is a personal document and as the law obliges its owner to keep and show [it] when required by the government authorities, it is not allowed for any party to detain the passport except by the official parties with a judicial order and according to the law. Consequently, it will be considered as an illegal action to detain the passport in UAE except by the government parties.”
If you feel you have done all you can but still face issues with the landlord, you can file a case with the Rental Regulation Department within Sharjah Municipality. For more information, visit www.shjmun.gov.ae or call 06 562 3333.
After my new landlord bought the villa I am living in earlier this year, the rental contract was transferred to his name. Three months before tenancy renewal, he requested to increase the rent for the next year, which is fair as under the Real Estate Regulatory Agency’s Rental Calculator.
However, once I renewed the contract, the landlord sent me a notary letter requesting that I leave the premises 12 months from the date of renewal because he wants to sell the property.
I know that this is correct under the law but I have a feeling that he is evicting me so he can rent out the property for a higher value. Is there a way to block him from renting the villa under his name until the unit is sold, so only the new buyer can rent it out?
I understand that if he claimed to be moving into the property, I could legally raise a complaint with the Rental Dispute Settlement Committee to block him from renting it for two years. Does the same law apply to landlords claiming they plan to sell the property? ER, Dubai
A landlord has the right to evict a tenant if they give them 12 months' written notice via registered mail or notary public. Selling a property is one of the legitimate reasons for an eviction notice.
The residential property market is currently very buoyant, so if he is selling the villa at today’s market rate, it probably will not take 12 months to sell.
If you feel you have done all you can but still face issues with the landlord, you can file a case with the Rental Regulation Department within Sharjah Municipality
Mario Volpi
You will, therefore, potentially know who your future landlord will be long before you have to vacate. If, by chance, you do move out and subsequently discover that the landlord did re-let the villa to another tenant, you will be entitled to compensation.
If this happens, I suggest you file a case with the Rental Dispute Settlement Committee in Deira once you have the information or proof.
The law is there to protect tenants from rogue landlords, so if a reason to evict is to sell, the landlord cannot lease it out to someone else if you were asked to vacate the property because it was being sold.
The law is obviously more complicated than this but it should give you some comfort as to what you can do going forward.
The Kites
Romain Gary
Penguin Modern Classics
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Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Emirates Cricket Board Women’s T10
ECB Hawks v ECB Falcons
Monday, April 6, 7.30pm, Sharjah Cricket Stadium
The match will be broadcast live on the My Sports Eye Facebook page
Hawks
Coach: Chaitrali Kalgutkar
Squad: Chaya Mughal (captain), Archara Supriya, Chamani Senevirathne, Chathurika Anand, Geethika Jyothis, Indhuja Nandakumar, Kashish Loungani, Khushi Sharma, Khushi Tanwar, Rinitha Rajith, Siddhi Pagarani, Siya Gokhale, Subha Srinivasan, Suraksha Kotte, Theertha Satish
Falcons
Coach: Najeeb Amar
Squad: Kavisha Kumari (captain), Almaseera Jahangir, Annika Shivpuri, Archisha Mukherjee, Judit Cleetus, Ishani Senavirathne, Lavanya Keny, Mahika Gaur, Malavika Unnithan, Rishitha Rajith, Rithika Rajith, Samaira Dharnidharka, Shashini Kaluarachchi, Udeni Kuruppuarachchi, Vaishnave Mahesh
RESULTS
6pm: Al Maktoum Challenge Round-2 – Group 1 (PA) $55,000 (Dirt) 1,900m
Winner: Rajeh, Antonio Fresu (jockey), Musabah Al Muhairi (trainer)
6.35pm: Oud Metha Stakes – Rated Conditions (TB) $60,000 (D) 1,200m
Winner: Get Back Goldie, William Buick, Doug O’Neill
7.10pm: Jumeirah Classic – Listed (TB) $150,000 (Turf) 1,600m
Winner: Sovereign Prince, James Doyle, Charlie Appleby
7.45pm: Firebreak Stakes – Group 3 (TB) $150,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer
8.20pm: Al Maktoum Challenge Round-2 – Group 2 (TB) $350,000 (D) 1,900m
Winner: Hot Rod Charlie, William Buick, Doug O’Neill
8.55pm: Al Bastakiya Trial – Conditions (TB) $60,000 (D) 1,900m
Winner: Withering, Adrie de Vries, Fawzi Nass
9.30pm: Balanchine – Group 2 (TB) $180,000 (T) 1,800m
Winner: Creative Flair, William Buick, Charlie Appleby
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”