The Simplest Way to Locate a Trustworthy Real Estate Agent is by Seeking Recommendations from Friends and Family. Dubai's Real Estate Regulatory Authority (RERA), part of the Dubai Land Department, governs rental rates in the city.
A property owner's rent increase is considered legal if they:
You can negotiate with your landlord to reach a mutually beneficial arrangement.
Initiate a conversation with your landlord to understand their willingness to renegotiate the rent. If you explain your reasons, they might be open to finding a compromise that suits both parties.
If an agreement cannot be reached, you must either accept the new terms or provide the landlord with sufficient notice to vacate. If you have less than two months left on your current lease and cannot reach an agreement, most landlords will be flexible and allow you to terminate the lease without extra charges, knowing they can charge higher rent for a new lease.
It's great that you're eager to buy now, as the market still has significant growth potential. However, locating a "distress deal" in this market is challenging. Any desperate seller should have numerous interested buyers willing to pay the prevailing rate. If an agent claims to have a distressed deal, it's likely not genuinely available or overpriced.
The most effective strategy for selecting a real estate agent is to ask friends and family for recommendations and feedback on agents they've worked with. Next, choose a reputable, market-leading brokerage with a proven track record.
Explore their websites, research their experience, and search for online reviews. Contact the local specialist at the chosen brokerage for the community you're interested in. This way, you'll have a reliable brokerage and an expert area agent to help you negotiate the best price. Lastly, communicate your requirements, budget limitations, and preferences to the real estate agent, enabling them to find the perfect home for you.
