Tenants or landlords who fail to register their rental lease agreement online will not be protected by the law, officials at Dubai’s Real Estate Regulatory Agency (Rera) have warned.
All rent contracts for Dubai properties must now be registered through the Rera’s new Ejari online portal, the agency said in a statement.
“Landlords and tenants who fail to comply with the new ruling will find that their tenancy agreements fall outside the protection offered by the law, and government agencies and will not be able to enforce the provisions of the agreements they enter into,” the agency said.
The announcement brings into effect Law No.26 of 2007 Regulating the Relationship between Tenants and Landlords in Dubai.
Mohammed Bin Hammad, director of Rera’s Regulatory Department, said: "Today's announcement puts in place a key mechanism which will go a long way towards stamping out violations and malpractice in the rental sector.
“The aim is to ensure all lease contracts and the parties to such agreements are registered and the details recorded. This will lead to the Dubai rental market becoming one of the most transparent and accountable anywhere and, at the end of the day, one of the best regulated."
Bin Hammad said that the online registration system would also allow Rera to compile an accurate picture of Dubai’s rental market, which will “play a crucial role in its planning for the future of the sector and its ability to influence such factors as the supply side of the market and ultimately the level of prices.”For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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