Menu
Social media
Contact information
Email

info@propertytrader.ae

You can rent an apartment in Dubai with several cheques.

You can rent an apartment in Dubai with several cheques.

 

To rent an apartment in Dubai there are a few little quirks to the market that you need to go through, and one of the main ones is the cheques system. But the good news is, after a couple of years of rigidity, landlords are now back to being flexible with prospective tenants. So negotiate away!

How the rental cheque system works

In Dubai, the agreed yearly rental amount is paid with post-dated cheques. This means that the rent is paid in advance for the whole year. Landlords have been requiring the entire rental amount to be paid in one cheque in many areas but that seems to be changing. Now, many will allow for 2, 3, 4, 6 – or occasionally even 12 cheques (but that is rare). You can also negotiate the number of cheques you will pay, however the rental price may increase with the number of cheques.

 

Research the cheque numbers for your building or community

Using an up-to-the-minute property listing site like propertytrader.ae allows you to research how many rental cheques existing tenants are paying for a certain (or similar) property. The more information you have about the situation in similar buildings the easier it will be when it comes to negotiations with a landlord about number of cheques. Do some shopping around to find examples of similar apartments being rented for more cheques, and bring this information to the table – e.g. if you discover that the apartment you want is being offered for one cheque, but others near it go for 6 cheques, you can use this knowledge as leverage.

 

JLT community

Pay attention to who the unit owner is

When renting a property in Dubai ensure you are issuing cheques in the name of the unit owner only. The Dubai Land Department (DLD) has taken a tough stand and issued a warning to property management companies to not take any rental payments (cheques) in the company’s name. The move follows cases previously reported of property management companies taking rental cheques in their own name and cashing them, thus failing to pay the landlord on the due payment dates.

 

Don’t bounce any cheques!

You must remember a cheque which is returned by the bank due to insufficient funds is classed as a ‘bounced cheque’. The account holder is deemed fully responsible for this illegal act, as it is classed in Dubai. So be very careful. Ensure you have enough money in your account to cover any cheques you may have written. Do not provide a blank cheque to anyone at any time for whatever reason, including the banks.

 

Dubai Apartment

 

Take photocopies of everything and make a log

Once you rent an apartment in Dubai, before you hand over your cheques, make sure you have taken clear copies of them and made a log of the due dates. Bouncing a cheque in Dubai is a big no-no and will cause you to get a fine from the bank, as well as potentially legally trouble if your landlord chooses to file a complaint. Record and store all information.

Blog

Nakheel kicks off AED850 million worth of lifestyle projects at much-loved mall

Must read

Nakheel kicks off AED850 million worth ..

89 apartments to lease and 175,000 sqft of shop space coming to Ibn BattutaMaster developer Nakheel has begun work on a huge new project at Ibn Battuta mall in Dubai, with a combined total value of AE ...

Questions all UAE property leasers should ask the landlord before moving in

Questions all UAE ..

Looking for a flat, villa, or townhouse to lease? Ensure the landlord is above ..

Nakheel moves ahead with infrastructure work at Madinat Al Arab waterfront

Nakheel moves ahead ..

Apartments and homes for rent will soon have a new waterside home in Jebel AliMaster ..

Cooper Fitch releases 2017 salary guide for workers in the United Arab Emirates

Cooper Fitch ..

Flats to rent eat up as much as 50% of people's wages in the UAE; here are the new ..

Improving regulations and consistent growth reassure property investors

Improving ..

Apartments and properties for sale in Dubai seen as a safe bet for buyers due to ..

Expert tips and tricks for making a townhouse feel bigger that it actually is

Expert tips and ..

Townhouse for salestunning, but not as big as villas. Here's how to create spaceHome ..

Address hotel to reopen by the end of this year according to Emaar Properties

Address hotel to ..

Downtown area will be boosted by iconic hotel open againDubai's Emaar Properties - ..