I would like to take 1 flat in my name, but am still bachelor, is i take family flat in my name in uae?

Question

is i take family flat in my name in UAE, what is the procedure

Answer 1

Wherever you decide to live, it is best to be prepared by keeping your wits about you, keeping fraudulent agents at arm’s length and checking our tips to finding a decent home.

The first thing to know is that rent is paid on an annual or biannual basis with post-dated cheques.

An advance payment is required which can put new tenants out of pocket, but housing loans are readily available from banks. Some companies also pay the landlord directly and direct debit monthly payments from your salary.

International cheques are not accepted and so opening a local bank account and getting a cheque book are prerequisites.

If a cheque bounces, due to minimal funds in an account or a month of particular heavy duty spending, you will be seriously penalised and can result in a jail term.

There are additional costs to be considered such as the real estate commission which is five per cent of the annual rent in a one off payment. There is also a maintenance charge and the municipality tax which are both an additional five per cent each of the annual rent. Add to this the refundable rental security deposit.

Once you have found a house or apartment that you like you can try and negotiate the rent and terms.

Paying the lease in one cheque or signing for a long term lease could bring down the rent. If you are happy with the price, sign the lease and read the contract thoroughly, especially the small print so you are aware of lease termination, subletting, or damage to the property. Only once you are happy with all the clauses should you hand over the cheques.

At the end of 2006, in Dubai the 15 per cent rent increase rule on rents will come to an end. New tenants do not often benefit from this but all renewing tenants should make sure that landlords have not increased rents more than this. If so you can direct your queries to the Rent Committee at Dubai Municipality.

In Sharjah landlords are not allowed to raise rents within three years, and if it happens, then residents can complain to Sharjah Municipality at the Rent Dispute Committee.

In Abu Dhabi complaints have been made about real estate agencies that charge non-refundable fees, normally Dh100, just for showing properties to their clients. Some agencies charge Dh200 for showing properties. If the apartment hunter is happy with the property and concludes an agreement, he or she has to pay a month rent as a commission to the real estate agency.

In Abu Dhabi, another problem is unchecked hike in rents. Tenants should also be aware of demands for huge one-off fees known as “key money” which often involves the purchase of poor quality old furniture before tenants can move into properties.

Useful information

What to bring when leasing a house:

- Residence permit (copy)
- No objection letter from employer
- Salary certificate
- Rent cheque or cheques for the leasing period
- Deposit
- Real estate commission
- Your company should provide you with a copy of their trade licence
- Passport copy of person signing the rent cheque from your company.
- Termination and demolition
- When moving out you may be asked to return the property
in its original state, despite having made improvements or changes, which you also may not be compensated for.
- Before signing your contract for an older property be sure to check that there are no plans for demolition.

Housing tips

Industry experts have advised Dubai residents to take strict precautions when renting property, to mitigate the risks.
“There are irresponsible players in every market, and the importance of exercising due diligence cannot be stressed enough,” said Andrew Chambers, Managing Director of Asteco. “Prospective tenants can take a number of precautions when buying or renting property with a minimum of fuss.”

Make sure you:

- Visit Dubai Property Group at www.dubaipropertygroup.com. It has a list of member companies that adhere to the group’s code of ethics.
- Check the agency’s reputation and whether they have a website.
- When dealing with a broker, ask to see the power of attorney from the owner.
- Check Dubai Municipality for the plans that name the owner of the property when issuing cheques
in his/her name.
- Keep in mind that only companies that have paid a substantial bank guarantee are entitled to take cheques in their name.

Take care and good luck.

Answer 2

Hi, Dubai and elsewhere should not be a problem, but in Abu Dhabi you may have some difficulty with buildings managed by the 'Khalifa Committee'.

They do not assign flats to bachelors within downtown Abu Dhabi. You may have to look in Musaffah, or wait until your family joins you before putting in your application.

Answer 3

In Dubai there is no restriction for bachelors to take flat on rent in their own name, if you are residing on a valid residence visa. Contact the landlord or the real estate agencies to make the contract in your name. Copy of your passport with visa page is definitely required, and post dated checks also for the settlement of rent.

Cheers.

Answer 4

wheather u r married or not it dosent make any difference for the company to sell u a property or for uto buy a property

Answer 5

how much the charge bounce cheque in the tenant?