Mario Volpi

The main driver for the current growth is population expansion with no downturn expected until 2026 or 2027

The renewal amount will be determined upon expiry of the old tenancy agreement

The DLD introduced it to rebalance the scales for an equilibrium between tenants and landlords

Purchasing helps benefit from capital appreciation while renting offers flexibility

It was introduced in January mainly to improve the accuracy of rates during tenancy contract renewals

Many judges at Dubai’s Rental Dispute Centre now accept eviction notice served by previous property owner

The new Dubai index has improved the way rents are calculated and is more accurate

Process can be risky if the investor can’t hold onto the unit for long

Maintenance should be done before a new tenant moves in, unless it is an emergency

The market has been increasing in volume and sales transactions for the past few years, and there are many factors behind this

The existing regulation will still be used to calculate any percentage increases to the rental amounts when the market is going up

Subject of returning rental deposit is an emotive one and often leads to disputes

There are more people coming to make Dubai their home than the number of properties being handed over

To evict a tenant for non-payment of rent, you must send a notarised letter to them requesting immediate payment

In the past, some developers have experimented with accepting digital currencies, but this is not mainstream