July 02, 2024 | Deepa Natarajan Lobo | UAE | Brokerage
The glittery real estate ecosystem of Dubai has always been the cherished dream of many. Investors, home buyers and tenants from across the world wish to grab a larger piece of the pie and authorities too keep introducing new rules from time to time to make the numerous procedures of obtaining/renting a home easier for all. One such ruling was issued by the Dubai Rental Dispute Centre (RDC) recently which stated that an eviction notice can now be transferred from a property seller to the new buyer.
In simpler terms, if a property is sold while a valid eviction notice is in effect, the notice automatically transfers to the new owner. Therefore, the eviction process, originally initiated by the previous landlord, can proceed without interruption due to the change in ownership. However, as smooth as the process may be, it is also likely to leave tenants feeling uncertain and caught in the middle of the bargain. REM TIMES speaks to industry experts on how this can be avoided and positive relations can be maintained between landlords and tenants.
Mona Jalota, MD & Founder, Krypton Global Real Estate, points out that the new ruling on transferable eviction notices introduces a layer of complexity to tenant communication and relations. “While the process of tenants receiving the notice upfront during lease signing provides some clarity, it can also introduce uncertainty. Landlords selling a property with a pending eviction may be less motivated to address tenant concerns or maintain the property, impacting tenant relations. Thus, effective communication between the old and new owner is crucial to address tenant anxieties and ensure a smooth transition,” she states.
While the process of tenants receiving the notice upfront during lease signing provides some clarity, it can also introduce uncertainty. Landlords selling a property with a pending eviction may be less motivated to address tenant concerns or maintain the property, impacting tenant relations. Thus, effective communication between the old and new owner is crucial to address anxieties and ensure a smooth transition.
Mona Jalota, MD & Founder, Krypton Global Real Estate
Tenants too should make an effort and proactively reach out to the new owner to understand the eviction timeline and explore options like lease buyouts or extensions, she notes. “Ultimately, clear and open communication from both landlord and new owner will be essential to navigate this new regulation and minimize disruption for tenants.”
The Importance of Property Managers
With The Henley Private Wealth Migration Report 2024 released by Henley and Partners stating that the UAE will see over 6,700 millionaires more this year, the highest for the third consecutive year, rental transactions have also been on an all-time high. According to a recent report, 270 rental transactions were inked in the first five months of 2024 fetching rents of at least Dh1 million per year. In such a scenario, property management companies play a crucial role in maintaining tenant relations, reveals Anisha Sagar, Director of Property Management, Allsopp & Allsopp Group. “To maintain a sense of trust among tenants, many landlords in Dubai entrust their properties to property management companies, who would have a direct relationship with tenants. As property managers, building trust with tenants is imperative. I believe the best way to achieve this is through clarity across all communication channels and transparency with all documentation,” she says.
To maintain a sense of trust among tenants, many landlords in Dubai entrust their properties to property management companies, who would have a direct relationship with tenants. As property managers, building trust with tenants is imperative. I believe the best way to achieve this is through clarity across all communication channels and transparency with all documentation.
Anisha Sagar, Director of Property Management, Allsopp & Allsopp Group
Providing tenants with convenient, tech-driven solutions is also of utmost importance so they can easily reach out to the authorities or landlords when any issues arise. “This approach puts the tenant’s needs at the centre of our business to resolve problems efficiently while reinforcing a sense of reliability and trustworthiness. Inevitably, it comes down to assuring tenants that come rain or shine, they can always depend on us for transparent communication and quick action,” she sums up.
The Phnom Penh’s office space sector’s overall occupancy rate has grown to 61.8% in the first half of the year and retail space to 58.7%, according to the
Dubai’s mortgage sector has been on the climb with May recording a 14-month high in mortgage activity according to the Dubai Land Department data. This
Knight Frank’s Australian Industrial Review Q1 2024 found there was 196,000 sq m of take up in the first quarter of 2024 – a 6% increase for the quarter.
Known for its strategic location across the Gulf, contemporary skyline and opulent living standards, Dubai is home to some of the most remarkable
Asia, with its vast and rapidly urbanizing population, stands at the nexus of a transformative revolution in real estate technology.
April 16 is a day that the residents of Dubai will never forget. The UAE was caught in a storm like never before and a downpour of 1.5 years in 24 hours caught
For investors looking to own a high-value property without having to dwell too much on the maintenance, legalities or finances of it that accompany along,
2024 has been an outstanding year so far for the property market of Dubai. In February alone, the emirate witnessed a staggering 12,475 transactions, totalling
The speedy momentum gathered by Dubai’s real estate sector in the last several years is expected to slow down a bit in 2024. After a fantastic 2023, the
With renowned international brands constantly looking for new ways to expand their portfolio, branded residences have witnessed a rapid surge across
The residential developments of Dubai’s neighbouring city of Abu Dhabi have become much sought-after by investors across the globe. After a fantastic 2023,
In the last few years, the UAE’s northernmost emirate Ras Al Khaimah (RAK) has been emerging as a realty hotspot
In this dynamic landscape of Dubai’s real estate sector, sustainability and environmental awareness are becoming crucial.
Shopping centres have always attracted footfalls for offering a range of retail and recreational spaces under one roof.
The starry lights of these bustling cities beckon tourists and immigrants from across the world. Metropolises like Singapore, Paris and Los Angeles are not only some of the most popular cities in the world but also the most expe
The intersection of rapid urbanisation and population growth coupled with the evolving demands of contemporary living has created the unprecedented need
As per reports, the built environment is responsible for approximately 42% of all the greenhouse emissions across the globe. Of these, building operations are
In the heart of New York Climate Week, a palpable sense of excitement filled the air as executives from leading real estate, banking, and investment firms unanimously declared their enthusiasm for the future of sustainability — heat pumps. These versatile heating and cooling systems are emerging as the linchpin in the nationwide initiative to transition buildings away from fossil fuels and substantially reduce carbon footprints.
The role of technology in real estate cannot be understated. Right from searching of homes to streamlining of paperwork, tech is being used in every possible
The last few years have completely upended traditional notions of the workplace. With remote and hybrid work becoming the norm, employees now expect
For a city that’s often associated with opulence, extravagance and meteoric growth, it’s not a wonder why the luxury housing market of Dubai has been setting
In pursuit of a more sustainable and eco-conscious future, the United Arab Emirates (UAE) has embarked on an ambitious journey towards eco-friendly
Dubai's annual IRECMS event, scheduled from December 12-15, is now part of World Realty Congress (WRC), a new umbrella brand hosting three other
Most real estate professionals would agree that managing the facilities of a property is as much a Herculean task as designing and developing the property
Recently appointed Managing Director of award-winning integrated facilities management organisation
Provis shares an interesting Case Study that serves as roadmap to improve its customer experience
Real estate is booming in the UAE and across the globe, like never before. With more and more innovations in designs and advancements in technology
The UAE is among the largest countries in the world to invest in clean and renewable energy projects and was the first country in the Middle East and North
The real estate market in Dubai has witnessed significant growth and development over the years. As Dubai continues to attract investors from around the world
Corporate real estate professionals grappling with a raft of complex challenges are increasingly turning to technology for solutions. But it’s new ground for
Technological advancements are transforming industries and revolutionizing conventional business models around the world. This wave of disruption has not
Real estate developers in Egypt are looking to boost sales through digitalisation of the local property market. Recently, Alaa Fekri, member of the Real Estate
The REACH Australia PropTech growth accelerator program has noticed a significant increase in the number of female founders in PropTech industry
The global proptech market is expected to reach a value of $86.5 billion by 2032, with a compounded annual growth rate (CAGR) of 16.8% according to a report by Future
Community Associations Institute (CAI) hits a huge milestone by turning 50 this year. And the celebrations are well
When the screen reads - RERA Special Announcement. You know that it can grab the attention of the crowd.
The WorldGBC has launched a new industry guide on ‘Climate Change Resilience in the Built Environment’, which illustrates effective and practical steps
While 2021 was a banner year for positive HOA legislation, 2022 turned out to be less helpful in Sacramento for California HOAs. While many bills were
With the world continuing to urbanise at a frantic pace, the global demand for heating and cooling in urban environments will continue to increase. According to
The UAE’s manned guarding sector has been steadily growing over the past five years
Residential developers in the Middle East can differentiate themselves from their competitors and increase value over
Known to be one of the most mature markets in Asia-Pacific, Singapore’s built environment has witnessed steady growth this year. And this along with the emphasis
Has office work changed forever? Are companies taking a new approach when searching for new office space?
The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE
Recently there was a report that announced a new scoring system in the US. This system is aimed to help evaluate a condominium or a homeowner‘s association.
The UAE real estate market remained strong during the second quarter of this year despite global headwinds and rising inflation concerns,
In this context we will provide information about DAMAC Properties
In this context we will provide you about an insight into the benefits and disadvantages of Strata Landed Properties
There is no doubt that the UAE property market is moving fast. Last week saw a massive move by the Dubai Land Department.
Last week witnessed a huge announcement with respect to Dubai‘s new regulations covering tariffs on district cooling.
Community Associations Institute (CAI) is proud to celebrate International Community Association Managers Day on June 13.
Community Associations Institute (CAI) is proud to celebrate International Community Association Managers Day on June 13.
Despite facing numerous challenges related to time, cost overruns, and the capacity to post better industry performance,
The real estate market in the UAE is a lucrative playground for many investors. Generating one of the highest rental yields worldwide,
The real estate market is bound to fluctuations based on the majority of investors and their willingness to invest in projects.
Like every other industry around the world, the community management sector over the years has been hurtling
The incorporation of newer technologies and the ability of a service to keep abreast with the latest innovations is often a good indicator of the success of an organization.
Fractional Ownership of a property refers to a scenario where a group of investors pool in funds to purchase a property
Over the years, multiple studies have brought to focus the question of whether being in an office environment is required to gain the most effective output of work.
Defined as the capacity to endure in a relatively ongoing way across various domains of life, sustainability as a concept has
Community Management and Facility Management Companies in the UAE have two major areas of concern when it comes to their services
The real estate, property development, community management
Relationships - between the professional and community and among professionals within the community are the cornerstone of Community Management.
.jpg)
.jpg)
.jpg)
-(1).jpg)
