I live in the UK and want to send a notarised eviction notice to my tenant in Dubai.
However, I don’t want to travel to Dubai only for the purpose of issuing this notice. Can you suggest what I can do? SS, UK
If you are abroad and do not want to come to Dubai to organise the eviction notice, there are two ways of doing this.
The written notification of 12 months has to be sent in one of two ways: either notary public or registered mail.
You can let your tenant know of your intention and send this notice via registered mail (courier) from the UK. It doesn’t have to be notarised as well.
However, if you wish to send it via notary public, I suggest you appoint a power of attorney (POA) to do it for you.
Anyone can hold your POA but I would suggest you contact a conveyancing company or a lawyer, who will charge a fee but ensure it is done professionally.
My landlord demanded a much higher rent than what the Real Estate Regulatory Agency’s (Rera) rental index permits and sent us a notarised eviction notice.
Although he cites the sale of the property as the reason for eviction, he will most likely rent out the unit to a new tenant at a higher amount.
In case my landlord does not communicate to me what he does with the property after I move out, what evidence can I provide to prove that I was not offered the right of refusal?
The only evidence I can currently think of is a screenshot from the website dxbinteract.com, which displays lease duration and rent.
Is this acceptable by the Rental Dispute Settlement Committee (RDSC)? What other evidence is available in the public domain that would support my claim at the RDSC? MT, Dubai
When a landlord serves an eviction notice for the reason of selling, he is entitled to your eviction at the end of the notice. The question is what happens if he hasn’t sold the property within this time frame?
Firstly, in today’s property market, it is fairly unlikely that a property will stay available on the market for 12 months or more (unless the sale price quoted is ridiculously high).
Given that you live at the property in question, you would presumably be aware of viewings taking place and notice potential buyers.
The eventual buyer will be known to you as this person will become your landlord.
That said, if you get to the situation that your 12 months’ notice is about to expire and no buyers are found, you can speak to the current landlord to negotiate your potential continuation in the property.
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If the landlord insists on you moving out without a buyer on the horizon, you can file a case at the RDSC stating this. The judge will then decide what action should be taken going forward.
Referring to your point about what evidence is needed to prove what the landlord has done after you vacate can be tricky, but documented proof of marketing — such as property portals showing your unit for rent — will help.
Ultimately, when you know someone else has rented the unit, you can find out by knocking on the door.
You can also present the current Ejari, which will be relatively new and show the new tenant’s name, as evidence in court.
If a landlord doesn’t sell a property for which he has served the notice to vacate, you will know after moving out if he contacts you to re-let the unit.
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Telephone calls, messages, WhatsApp notes and emails are ways to inform you that he couldn’t sell, so he is offering the unit back to you before he rents it again to someone else.
If you don’t want to move back, this allows the landlord to re-let the property.
Mario Volpi is the sales and leasing manager at Engel & Volkers. He has worked in the property sector for more than 35 years, in London and Dubai. The opinions expressed do not constitute legal advice and are provided for information only. Please send any questions to mario.volpi@engelvoelkers.com
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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COMPANY%20PROFILE
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
'Operation Mincemeat'
Director: John Madden
Cast: Colin Firth, Matthew Macfayden, Kelly Macdonald and Penelope Wilton
Rating: 4/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
SCHEDULE
6.30pm Maiden Dh165,000 (Dirt) 1,400m
7.05pm: Handicap Dh170,000 (D) 1,600m
7.40pm: Maiden Dh165,000 (D) 1,600m
8.15pm: Handicap Dh210,000 (D) 1,200m
8.50pm: Handicap Dh210,000 (D) 2,000m
9.25pm:Handicap Dh185,000 (D) 1,400m
Amith's predicted winners:
6.30pm: Down On Da Bayou
7.05pm: Etisalat
7.40pm: Mulfit
8.15pm: Pennsylvania Dutch
8.50pm: Mudallel
9.25pm: Midnight Sands
HEADLINE HERE
- I would recommend writing out the text in the body
- And then copy into this box
- It can be as long as you link
- But I recommend you use the bullet point function (see red square)
- Or try to keep the word count down
- Be wary of other embeds lengthy fact boxes could crash into
- That's about it
Left Bank: Art, Passion and Rebirth of Paris 1940-1950
Agnes Poirer, Bloomsbury
The%C2%A0specs%20
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Abu Dhabi Sustainability Week
First Person
Richard Flanagan
Chatto & Windus
SPEC%20SHEET
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Other key dates
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Finals draw: December 2
-
Finals (including semi-finals and third-placed game): June 5–9, 2019
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Euro 2020 play-off draw: November 22, 2019
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Euro 2020 play-offs: March 26–31, 2020
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
UAE currency: the story behind the money in your pockets
Stormy seas
Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.
We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice.