Originally Posted by zamboooka

Thanks dude, I guess the best bet would be to just go for a 5% increase and forget about the market rates.. haha apparently my questions regarding this has made me a villian..so I should just stay hush on the matter

Originally Posted by MataHari

no need...two sides of the coin and all that

Originally Posted by Paidtoplease

Do you give huge % discounts to BE members ????

Originally Posted by zamboooka

but wont the BE members get all upset if I threw the current tenants out for them?

Originally Posted by zamboooka

but wont the BE members get all upset if I threw the current tenants out for them?

Originally Posted by Paidtoplease

Naaaa, Fu^k Em

Originally Posted by Border Reiver

The Rent Committee is an experience best avoided for both sides- a negotiated settlement will always be better, cheaper and less time consuming for all concerned. I would either take the 5% and wait and see what next year brings by way of a rent cap or see if the tenant wants to sign up for a longer period than 1 year and negotiate from there.

I'm surprised you are renting out property in Dubai and aren't familiar with the rent cap laws though- it is a subject that is never out of the papers these days.

Originally Posted by Border Reiver

The Rent Committee is an experience best avoided for both sides- a negotiated settlement will always be better, cheaper and less time consuming for all concerned. I would either take the 5% and wait and see what next year brings by way of a rent cap or see if the tenant wants to sign up for a longer period than 1 year and negotiate from there.

I'm surprised you are renting out property in Dubai and aren't familiar with the rent cap laws though- it is a subject that is never out of the papers these days.

Originally Posted by Dubai Knight

The market rate is set by the 5% government capping. This applies for a period of 24 months so if the rent is increased by the statutory 5% this year, the landlord cannot increase again next year.

As for moving tenants out; the landlord renews the contract every year and, if the tenant wishes to renew and is able to make the rent, (many now demand 1 cheque to make it harder for the tenant to find the cash) he has first refusal. Any attempt to move a sitting tenant out, even at the end of a contract, under spurious grounds (renovation etc.) is eligible for review by the Municipality Rent Tribunal. If they deem the reason unfair, then the landlord will be forced to allow the tenants to remain at the current rate and they may even impose a fine.

There is a plan afoot to grade all private properties in Dubai with a star system like hotels based on their location, facility and age. Each star grade will then have a set maximum and minimum rent the landlord is allowed to charge.

The spiralling rent situation in Dubai has been one of the major causes of an unprecedented 13% inflation rate, however the landlords seem unconcerned that it is screwing up their country, rather than lining their pockets in the short term.



Knight

Originally Posted by zamboooka

Hey, anyone know how much a landlord's allowed to raise the rent by? As in what percentage? I've heard of some weird law that one cant even get rid of the tentants after the end of the contract without a valid reason (and the reason cant be rent increase)