If Rent Cheques bounce, tenants bank accounts frozen!...

Dubai Land Department (DLD), and the UAE Central Bank have signed an agreement that allows for freezing of the bank account of a tenant if his/her rent cheques bounce, Emirates 24|7  “After the judgment is passed by the RDC, it will be informed to the Central Bank, which will pass the...

New and need to know if you are renting

It is mandatory in Dubai, for all tenants to register their rent contracts with Dubai Land Department’s Ejari system. Cancellation of rental contract on Ejari is Dh 40/- The registration costs  AED 195/-, with the cost being paid by the tenant in most cases. But, it is also mandatory...

5 ways UAE residents benefit from BREXIT

Before BREXIT the UAE Dirham was AED 5.5 to 1 GBP British Pound! The last time we saw such volatilaty with the Pound was in 1992, and some like George Soros managed to pocket a cool billion dollars by heavily shorting the British Pound, forcing the Bank of England to withdraw from the European Exchange...