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Dubai property major serves up a storm in a tea cup

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Move in Dubai is a leading rentals company that offers end-to-end solutions to those seeking a quality Dubai rental. In addition to its wide repertoire of Dubai properties for rent, it also provides clients with the necessary direction, that they need during the documentation process.

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Dubai property major serves up a storm in a tea cup

  1. 1. Dubai Property Major serves up a storm in a tea-cup!The Dubai rental property segment has seen its share of ups and downs. In the heady last decade whenconstruction was said to be booming, there were new properties being announced almost, on a dailybasis. Then, the financial crisis in other parts of the world blew the winds of slowdown towards thisprosperous region and things began to unravel, somewhat. Projects started to get shelved; some wereabandoned in various stages of construction, due to funding problems and liquidity crunches.Construction companies were exploring various ways to generate revenue. Somewhere towards the endof last year, a leading construction major, created a huge uproar, when it announced that it would startcharging residents for the usage of community facilities and beach access. Citizens all over, wereunanimous in their protest against this abrupt decision. Some even alleged that the developer wished toopen up the communal areas to outsiders; areas that were promised exclusively to local residents at thetime when the contracts were signed. Some were even threatened that they would be arrested if theywere found in breach of the new rules.Thankfully, the Dubai Land Department (DLD) was quick to react to the outcry. Investigations wereordered into the matter, through its Real Estate Regulatory Agency (RERA), to get to the root cause ofthe problem. The erstwhile property regulator found enough cause for a reprimand. It came downheavily on the property developer for questionable business practices. In an informal decree, it wasreported to have said that no property developer held the right to turn communal facilities into eliteclubs that restricted entry to the residents of the property. While the matter appears to have beenresolved for now, it did bring to light the need for quality guidance when renting a property. Move in Dubai is a leading rentals company that offers end-to-end solutions to those seeking a qualityDubai rental. In addition to its wide repertoire of Dubai properties for rent, it also offers completesupport during the whole process. From assisting prospective clients in their search for properties thatare most suited to their requirements, it also provides them with the necessary direction, that they needduring the documentation process.To know more about their offerings, do visit: www.moveindubai.com, today!

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