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Mario Volpi

Mario Volpi is senior vice president of investment advisory at Allegiance Real Estate. He has worked in the property sector for more than 40 years in London and Dubai

Articles

The landlord has threatened to impose a penalty worth two months of rent despite the tenant serving the notice to vacate a month before contract expiry. Photo: Getty Images
Homefront: ‘Do I have to pay a penalty for not renewing my lease despite giving a month's notice?’

Although the law has done away with the need to serve notice for non-renewal, tenancy contract clauses can be legally enforced

MoneyFebruary 17, 2021
A tenant retains the right of renewal and can stay in the property for however long they choose to, unless the landlord gives them a 12 months’ written notice to leave. Photo: Getty Images
Homefront: ‘Can I renew my lease despite the property’s new owner planning to move in?’

The landlord must serve the tenant 12 months' written notice when the current contract ends

MoneyFebruary 10, 2021
In the past, some developers have actually blocked tenants from accessing facilities within the building or community because of landlords who were or are in arrears against the service charges. Getty Images
Homefront: ‘How can I check if a property has service charge arrears?’

A prospective tenant can ask their agent to check the status of the owner’s service charge payments

MoneyFebruary 03, 2021
A Dubai tenant wants to move out of the apartment he rented a month ago because it is too noisy and faces the road. Courtesy: Getty Images
Homefront: ‘My apartment is very noisy. Can I vacate it without paying a penalty?’

Dubai tenant must check rental contract for clauses on early termination of lease before deciding to leave

MoneyJanuary 28, 2021
Broker fees in the UAE are in fact one of the lowest when compared with other parts of the world such as the US and some parts of Europe. Getty Images
How much commission does an agent charge for selling a Dubai property?

The industry norm in the UAE is for the buyer to pay a 2 per cent fee plus VAT

MoneyJanuary 20, 2021
DUBAI, UNITED ARAB EMIRATES. 26 DECEMBER 2020. Dubai skyline. (Photo: Reem Mohammed/The National) Reporter: Section:
Homefront: ‘What are the pros and cons of rent-to-own plans in the UAE?’

Such schemes allow tenants to use their rent to accumulate a deposit to buy property

MoneyJanuary 13, 2021
The landlord has a duty to ensure that tenants are looked after and a legal obligation to pay towards the maintenance costs. Getty Images
Homefront: ‘Should my landlord pay for property maintenance?’

The rental contract will stipulate that a landlord is legally obliged to pay for property maintenance costs

MoneyJanuary 06, 2021
The industry norm for residential leases is typically 5 per cent of the annual rental amount. However, commissions earned can be higher than this if all parties agree on it. Getty Images
Homefront: ‘What documents prove that a real estate broker is licensed by UAE regulators?’

Tenants must only deal with agents who are registered with the Real Estate Regulatory Agency

MoneyDecember 30, 2020
The UAE's economy is projected to recover to 2.5% in 2021, with non-oil GDP growing 3.6%, according to the central bank. Chris Whiteoak / The National
Homefront: ‘I have achieved break-even on my property. Do I sell now or hold on to it?’

The property value has dropped since it was bought, but rental income has boosted the Abu Dhabi resident's investment

MoneyDecember 23, 2020
The FDI Sharjah attracted in 2020 was channelled into businesses in the fields of e-commerce, health and medical research, and personal protective equipment. Photo: Reem Mohammed / The National
Homefront: ‘Can I buy property in Dubai if I am not a resident?’

Non-residents of the UAE can buy properties under the investment or retiree visa programmes

MoneyDecember 16, 2020
Real estate transactions in Abu Dhabi have been steadily rising this year despite the Covid-19 situation. There are many reasons for this, but mainly due to reduced property prices in the secondary market and softening of lending criteria for mortgages. Delores Johnson / The National
Homefront: ‘Where can expats buy freehold property in Abu Dhabi?’

In April 2019, the law was changed to allow foreign investors to buy freehold real estate in designated free zones in the capital

MoneyDecember 09, 2020
Tenants are often allowed to remove items of furniture from the property only after getting a no-objection certificate from the landlord. Getty Images
Homefront: ‘Should a tenant give 90 days' notice if they are not renewing a rental contract?’

An amendment to the law has taken away the need to serve notice, but it has to be adhered to if it is stipulated in the contract

MoneyDecember 02, 2020
Prospective buyers must check what projects have been completed by developers in the past, delivery timelines, whether there were any construction delays or any other issues. Victor Besa / The National
Homefront: ‘How do I know if a property project is safe to invest in?’

Prospective buyers must do due diligence to check a developer’s credentials, track record and escrow account details

MoneyNovember 25, 2020
If the new buyer is an owner-occupier, the law will protect the existing tenant by requesting that an additional 12-month notice period is exercised in order to help them move with plenty of notice. istockphoto.com
Homefront: ‘Do I have to move if my landlord intends to sell the property?’

The tenant needs to be served a 12-month written notice sent either via notary public or registered mail

MoneyNovember 18, 2020
Tenants can always look for guidance to the Dubai Rental Dispute Committee in order to cancel their rent contract with no penalty. This has been done in many instances during the pandemic this year. Reem Mohammed / The National
Homefront: ‘Can I cancel my rent contract if I lose my job?’

Dubai tenant wants his landlord to waive the rent due without a penalty

MoneyNovember 11, 2020
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