Page 4 - Settlement Centre News Today

Dubai dissolves special tribunal for settling disputes with home lenders issacjohn@khaleejtimes.com Filed on May 17, 2021 The new decree annuls Decree No. (61) of 2009 and any other legislation that contradicts or challenges its articles. The decree is active from its date of issuance and will be published in the official gazette. — File photo The special tribunal was formed in 2009 after the global financial crisis over a decade ago to settle disputes related to mortgage firms A...

I politely declined, citing tenancy laws regarding contract amendments only with a 90-day notice and the Real Estate Regulatory Agency calculator regulating rent increases. As per the Rera calculator, my landlord is allowed to increase rent by only Dh5,500 upon renewal and if the notification is served 90 days before contract expiry. I am willing to pay the higher rent as per the Rera calculator, however she refused to negotiate below Dh145,000. A week later, my landlord said she could not ser...

SHARE UAE property: how to get your deposit back from a landlord in Dubai and Abu Dhabi Taking your own photos when you move in, getting a check-in report to note existing faults and meeting your landlord before you move out, can all help A pivate villa on Palm Jumeirah. Thousand of people rent in the UAE, but many struggle to get their security despoits back at the end of a tenancy. Courtesy, Gulf Sotheby’s International Realty Harry Tregoning, an estate agent for Tregoning Property in Dubai...

SHARE A convenience shop in Dubai has lost a court case to claim a rent refund of Dh1.3 million ($353,930) from its landlord on grounds of lost revenue during the stay-at-home period last year. An Appeal Court upheld an earlier verdict passed by Dubai Land Department (DLD). On July 20, 2020, the store filed a case against the holding company which owns the property to prematurely terminate a five-year contract. The rent contract expires in July 2021. The tenant asked the landlord to return a c...