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FAQ's on Leasing Commercial Property in Dubai

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Q
What is a tenancy contract?
A
It is the agreement which is drawn up between yourself and the tenant.
Q
What happens if my tenant breaks the lease?
A
Speak with our leasing consultant to discuss full details and options available to you.
Q
What is the longest period I could lease a property?
A
The lease is subjected to renewal annually for as long as both parties agree on the same.
Q
How would my tenant pay the rent?
A
The rent is paid in full, in advance, by one cheque. However, your tenant can pay by two or three cheques, on your approval.
Q
Does my tenant pay a security deposit?
A
Yes and the same is refundable at the end of the tenancy agreement in accordance with the terms and conditions of the tenancy contract.
Q
Can my tenant alter the structure of my property?
A
No, the tenant is not allowed to make changes without express permission from the landlord.
Q
Can I increase the rent, next year?
A
According to the latest decree issued by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, the rent cannot be increased beyond 7% of the annual rent. This applies to all contracts renewed in 2007, on the condition that no increase was made on that particular property in 2006.
Q
What is the rental yield that I can expect?
A
Given the up-swing nature of the property market, you can expect a rental yield of anywhere between *7-10%. 

*Subject to change.
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