rent studio in Dubai

Rent Property in Dubai – Information for Accommodation in Palm Jumeirah Apartments

by DanielMcCain on Jul 28, 2010

Migrating to a foreign country can be daunting and seeking a suitable place to rent can be intimidating. The population of Dubai is continuously increasing making the demand of rent property in Dubai is relatively higher than the previous year. Stats shows that just around 50% of Dubai residents are spending 30% ore more of their income on accommodation expenses. It is because most of the foreign workers due to short-term work contracts opt to lease instead of spending in the real estate. For the sake of financial relief to those looking to rent property in Dubai, Dubai government has imposed a law which restricts an owner not to exceed 5% of the annual lease price.

It is typical that tenant is given a package of Housing allowances. In past, companies would cover the rental bill completely but the trend has changed now. Lately, tenants are allocated a specific percentage on total annual rental cost. The rest of rent is to be paid out of the salary. Other considerable...Read More >>