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.