A major request on Al -Reem Island .. and the high rents of the new horoscopes in Abu Dhabi

Real estate in Abu Dhabi confirmed that there is a large demand for housing on Al -Reem Island during the current period.

They added to «Emirates Today» that the request of an angel – or those who represent them in real estate management – raised the rental value at more than 5% illegal.

They said: «There are altitudes in the rental values in Abu Dhabi in general, especially in the new residential towers, given the high demand, but the heights on the island of Reem are the largest, especially with the multiplicity of individual owners.

For their part, tenants in some areas of Abu Dhabi, such as “Al -Reem Island”, affirmed that they received official requests from angel or their representatives in the real estate management, to raise the values of the annual rents of residential apartments in which they reside in more than 20%.

Some of them explained to «Emirates Today» that they received evacuation messages for the residential unit after rejecting the rental increases.

In detail, the rented, Hoda Karam, said that the owner of the building, which lives in one of its apartments on Al -Reem Island, demanded that the annual rental value of 73 thousand dirhams to 88 thousand, an increase of 15 thousand dirhams, and an increase of 20.5%. She explained to «Emirates Today»: “The owner raised during the past year, the annual rental value by 5%, then the current rise came,” noting that she does not want to leave the apartment, but at the same time she cannot pay the rental increase in this large percentage.

For his part, the tenant Ahmed Siddiq said that he had recently received an official message, by increasing the rental value of the apartment in which he lives from 82 thousand dirhams to 98 thousand, an increase of 16 thousand dirhams, equivalent to an increase of 19.5%.

In the same context, the tenant, Assem Al -Helou, reviewed his experience, saying that he had received a notice of increasing the rental value from 70 thousand dirhams to 83 thousand dirhams, an increase of 18.5%.

He said: “I objected to the increase, and I was surprised by an official message calling on me to evacuate the housing unit within two months.”

As for the rented, Nada Salah, she mentioned to «Emirates Today» that the real estate administration in which it resides raised the annual rental value from 71 thousand dirhams to 75 thousand, with an increase of 5.6%, and pointed out that she wanted to move to an apartment with a new building after leaving a friend of her apartment, but the owner asked her to increase 15%, because she is a “new resident.”

In addition, the Chairman of the Board of Directors of the Future 23 Real Estate Company, Ikrami Hammad, considered the request of an angel or their representative in real estate management, to raise the rental value in proportions of more than 5% that he is illegal, and is considered a violation of the law issued in this regard.

He told «Emirates Today»: “Some circumvent this legal item, and ask the tenant two months before the end of the contract, to evacuate the housing unit under the pretext of the intense need for the unit, which compels the tenant to evacuate, then after that the maintenance of the housing unit is carried out, and it is rented again with a greater rental value.”

In response to a question about the high rental values in some areas, such as Al -Reem Island, he said: “There is a great demand for housing on Al -Reem Island during the current period, to the extent that it is difficult to find an apartment from a room and a hall for rent, while apartments from two rooms and a lounge are available at high rental levels.”

Hammad explained that the high demand led to raising the rents in large proportions, and continued: “The owners of real estate have become overwhelmed by the tenants with email evacuation messages, so that the tenant does not invoke not receiving the message, and to find the tenant himself in front of two options: raising the rental value, or leaving the housing unit.”

Hammad pointed out that “the increase in rental values included Abu Dhabi City,” due to the high demand, noting that the banks that owe residential buildings in the city are committed to raising the rental values when renewing by 5%.

In turn, the director of Platinum Home Real Estate, Ahmed Salah Rabie, said: “The increase in rents in some areas, such as Al -Reem Island, depends on two workers, the first is the market price, the more demand, the higher the value of the rent, and the second factor is the owner himself, where some real estate owners prefer to increase the rental value in large proportions, especially in areas that witness a large demand, while others prefer not to impose large rental increases on the tenants at One ».

He added: “The tenants have two options, either to agree to raise the rental value, or search for apartments in other places that suit their budgets.” He pointed out that “Al -Reem Island” is one of the areas that currently witness a large demand, which has led to a high rental values of apartments for several years.

He said: “There are altitudes in the rental values in Abu Dhabi in general, especially in the new residential towers, given the high demand, but the heights on the island of Reem are the largest, especially with the multiplicity of individual owners,” noting that the rental increases in old buildings are limited, and not exceeding 5% in most of them, given the age of construction and the lack of surrounding situations.

In the same context, real estate expert Mohamed Ayoub said: “The law provides for raising the annual rent of the leased housing units by not exceeding 5% only annually, and therefore raising the value by more than 5% illegal.”

Ayoub explained: “Some resort to a method to raise the annual increase by more than the prescribed percentage, by sending messages to the tenants two months before the renewal of housing units, including an urgent need to the housing unit, while some owners, tenants, are informed that the rental value is low and must be raised.”

Ayoub continued: “If the percentage of the increase in the rental value exceeds 5%, some owners or their representatives in the real estate management in this case resort to canceling the lease and submitting new contracts, given that the municipal system will not accept the increase if it is greater than 5%,” considering this a clear fraud over the law, especially since the law provides for certain cases to allow the evacuation of the apartment, such as deep maintenance cases, and he said: The tenants who refuse to evacuate, negotiate to reduce the rates of rental increase, or reject the message of non -renewal, and inform the owner that they will not be without the leased unit.

Rentals are less than the market

The agents of two real estate owners, as well as not to mention their names, said that the rental value of some housing units, especially two rooms and a lounge, in areas such as Al -Reem Island, is less than the price prevailing in the island currently, which supports the raising of the rent.

They emphasized that the presence of a large demand for leasing on Al -Reem Island has made the new residential rents jump in large proportions that are not equivalent to the levels of the prevailing rents for other units previously leased, which is an injustice to some owners.