The Center for Litigation Dispute, the judicial arm of the Dubai Land Department, has closed the headquarters of the company (licensed to rent holiday homes) that has occupied landlords by manipulating their lease dates.
On Monday, Emirates Today published a warning from the center about the company after owners filed complaints against it.
Judge Abdul Qader Moussa, Chairman of the Dubai Lease Dispute Resolution Center, said that on the basis of the directives of the Dubai Land Department to emphasize these irregularities, the center contacted the concerned authorities to close the premises of a company that occupied landlords by manipulating the lease dates. In addition to the control and bring the Director General responsible.
He added that the company committed a breach by adopting a deceptive approach to the second party, the landlord. The management of the company signed with a number of property owners in Dubai, leases, for the purpose of subleasing, through a friendly agreement with the owner to rent the property unit against the prevailing rental value. In the area about one year.
He explained that the company gives the owner four checks issued in the same year, at a time when manipulate the date of commencement and expiration of the contract, to begin for example on 1/1/2018, and ends On 31/12/2019, the lease from the owner for a period of two years instead of one year, for a rental value for a year, pointing out that the company is betting on «confusion »Which occurs when writing dates in the lease, which may not be paid attention by some.
Mohammed Al-Mutawa, CEO of Al Waleed Real Estate Company, said that there is a confusion between the holiday home license and the rental management license, pointing out that this overlap needs clarification.
Abdulkarim Al Mulla, CEO of Standard Real Estate, called for more awareness and monitoring of the rental market in Dubai through seminars and lectures, pointing out that one of the most important problems facing the sector is the process of distinguishing between the rental license granted to houses. Vacations, between leasing via management offices and rental properties licensed by the Land Department.
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The Director General of the Dubai Land Department, Sultan Butti Bin Mejren, said that monitoring the real estate market comes only with the cooperation of all parties concerned, and cooperation among them, to control irregularities, in the interest of the real estate sector, pointing out that the Department is working to tighten control over Abuses by some companies through their specialized departments.