Expat Forum For People Moving Overseas And Living Abroad

Expat Forum For People Moving Overseas And Living Abroad (https://www.expatforum.com/expats/)
-   Dubai Expat Forum for Expats Living in Dubai (https://www.expatforum.com/expats/dubai-expat-forum-expats-living-dubai/)
-   -   Ultimate guide to renting an apartment in Dubai (https://www.expatforum.com/expats/dubai-expat-forum-expats-living-dubai/89034-ultimate-guide-renting-apartment-dubai.html)

m1key 9th August 2012 10:48 AM

Hi Guys
throughout the forum it describes negotiating price of apartments down by paying in fewer cheques
But can I just ask something (perhaps silly)

Regardless of whether I pay in 4 cheques or 2 or 1 am I not still liable for 1 year's rent?

Yes. You may be able to break the contract and leave early by paying a penalty. I believe 3 months rent is the going rate for that.

Or is it that if I pay for 3 months i can leave on the 4th or pay 1 cheque for 6 months and then move out

Because then it comes down to just how much up front out of pocket money I have to hand over in 1 cheque. I mean prepaying is only a problem if you won't get to use the whole term and its non refundable

Frankly handing over a years rent is a BIG ASK! That could be nearly 24,000!!!

Yes. It is crazy but the norm here.

Does it really really make them knock off 10-15k? Like would a 2bed 120k turn into a 100k? Appreciate its a case by case thing.

You can get the price down paying with one cheque. Some landlords will not do this. For a 120k place, you'd be looking at 5k off, 10k if you were lucky, or the price was unrealistic to start. Depends on the landlords circumstances and if they are in cuckoo land or not!

Also, what 'cheque' do they accept? Can I pay with a UK bank account cheque or do I need to transfer funds from a UK account to a UAE account and then write a cheque out of that 1?

UAE cheque. I suppose the landlord might accept something else, but very very unlikely I would have thought.

Thanks for all the help, sorry for such a looooong list of questions

R

rosy83 9th August 2012 12:13 PM

rent
 
Thanks Mikey thats really helpful
Now I just need to figure out how to get hold of such a big sum!
doh!

:behindsofa:

M3red 9th August 2012 12:41 PM

Quote:

Originally Posted by rosy83 (Post 865156)
Thanks Mikey thats really helpful
Now I just need to figure out how to get hold of such a big sum!
doh!

:behindsofa:

I m hoping I get a loan from my company and pay back monthly as per the usual way in the uk...

wandabug 9th August 2012 05:54 PM

When paying with multiple cheques you hand over all the cheques, post dated. It is illegal to bounce a cheque here - you have to honour them.
Regardless of how many cheques you pay with, it is a 1 year contract - you sign to pay rent for a year and the landlord cannot ask you to leave.
A foreign cheque can take 6 weeks to clear - no landlord will want a UK cheque. (would you accept a UAE cheque in the UK?)

M3red 9th August 2012 09:55 PM

Quote:

Originally Posted by wandabug (Post 865402)
When paying with multiple cheques you hand over all the cheques, post dated. It is illegal to bounce a cheque here - you have to honour them.
Regardless of how many cheques you pay with, it is a 1 year contract - you sign to pay rent for a year and the landlord cannot ask you to leave.
A foreign cheque can take 6 weeks to clear - no landlord will want a UK cheque. (would you accept a UAE cheque in the UK?)

What sort of deposit do landlords in the UAE want?

Felixtoo2 9th August 2012 11:18 PM

When you rent for the year you give the full amount in cheques/cash Plus 5% of the rental value as a deposit and also 5% of the rental value as the agents fee.

Tusk 10th August 2012 02:19 AM

How is the area around Mall of the Emirates for housing?

We're a young family of 4 trying to stick to a tight budget. I'm seeing a lot of new(er) apartments in that area that appear to be within budget. We're considering JLT, Al Barsha and TECOM--need something metro accessible as we'll be a 1 car family. Seeking something safe and family-friendly. Any areas/buildings within those parameters that we should avoid?

M3red 10th August 2012 07:48 AM

Quote:

Originally Posted by Felixtoo2 (Post 865601)
When you rent for the year you give the full amount in cheques/cash Plus 5% of the rental value as a deposit and also 5% of the rental value as the agents fee.

5% agents fees, anyway to avoid this?

Felixtoo2 10th August 2012 08:28 AM

The only way to avoid it is to deal directly with the landlord.

M3red 10th August 2012 08:53 AM

Quote:

Originally Posted by Felixtoo2 (Post 865894)
The only way to avoid it is to deal directly with the landlord.

is this recommended?!

I assume that there is zero protection for your deposit?


All times are GMT. The time now is 12:41 AM.

Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.