Analyse Risks and Make Smarter Investment Decisions

A dream home is something

that every person wishes to

buy some day. And, before

making the final decision to

buy it, one is sure to be

boggled by several

questions. For instance, 'Am

I investing at the right

time?' or 'Am I making the right choice?’ etc is always baffling. Also, in recent times, the

hordes of news of unscrupulous UAE businessmen who cheated hundreds of families

with properties add to the trauma and confusion. These rental scams in Dubai of course

have added to the worries and alarmed one and all. Therefore, this article is an attempt,

to make you understand the importance of analysis of various possible renting risks

before you sign up for a property. It will help you to at least minimise the possibility of

falling foul to crooks.

The first step to a successful move in is to make

use of (RERA). They are registered brokers and

you will never go wrong with them. They have

been assessed by the Dubai Land Department

and have a complete list of broker registration

numbers that can be confirmed with the

concerned authorities.

Once you get the contract check it completely. Ensure that

the details mentioned, and the clauses are all met with.

Also, make certain that the occupancy agreement has

stated the exact payments to be made, and if at all

instalment payments are to be made then what is the

process for the same. Besides, you may also want to know the length of lease, the

responsibilities of the owner, the associated charges, as well as your duties for paying

utility bills. Additionally, you could perhaps look out for parking space that is whether

you are entitled to it as part of the rent. If, in case, you have a pet, ask the landlord for a

written copy confirming that it is recognised on the premises.

Also, as per the government rules and regulations, it is a good practice to register the

contract on www.ejari.ae. This will help in protection of both the parties in case of

difference of opinions. You can even check for fraudulent activities so as to make certain

the same place has not been rented out twice.

It sure may sound like a time-consuming, and an extremely lengthy process, but then it

could help you in saving money and staying away from trouble. Being attentive of crucial

factors while renting an apartment is very important. Follow the rule of the thumb and

you’ll never be mistaken.