Mario Volpi

Spending on upgrades and maintenance in old buildings will hit your potential return on investment

Any funds paid into an escrow account remain ring-fenced and protected by law

It is important for tenants to remember that properties must be handed over in the original condition

The couple are struggling financially and had to leave the property when the landlord denied their rent reduction request

The practice of ‘gazumping’ is becoming more common in Dubai

The bank repossessed the property and is now threatening to evict the tenant if he does not settle his rental dues

The Dubai resident signed the booking form and handed over post-dated cheques but did not go ahead with the deal

The responsibility lies with the owner of the unit where the problem originated

The Dubai resident claims the rent increase also exceeds the Rera calculator’s estimate

All developers have a legal cushion of 12 months’ delay for completion

Send a notification via registered mail informing her that she has 30 days to vacate as the owner wishes to re-let the unit

The tenant will have to pay the landlord a penalty, but they could ask for a waiver or payment holiday

There are property-linked visas available with a duration of three, five and 10 years

Although self-managing a property is a cheap option for landlords, they will spend money and time to sort out maintenance problems in the long run

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