Dubai : Affordable and safe living in Al Qassimiya

Dubai : Affordable and safe living in Al Qassimiya 

 The locale has always been popular among expat residents on a tight budget

The Al Qassimiya area of Sharjah is conveniently located near Al Ittihad Road, King Faisal Street and Corniche Road, and is known for providing a comfortable and, more importantly, safe living environment for all tenants within various apartments complexes. The facilities on offer include modern retail and shopping centers such as Mega Mall, Sharjah City Centre and Al Safeer Mall.

Also in the area is the Al Mahatta Museum which was the original site of the first airport that opened in the UAE in 1932. The museum offers children free access to educational movies and fully restored original propeller planes.

Well-known resedential complexes within Al Qassimiya include Manazil Tower 1 and Sunlight Tower which always been popular with residents who cannot afford expensive accommodation. In addition to affordable rents, they offer easy access to retail , health and educational facilities .

 There have, however, been problems with some residential buildings in the area being used as commercial properties. This is causing security problems due to access rights of those visiting commercial businesses in what some feel should be a restricted-access residential building.

In addition to this rental rates in Sharjah in recent years have seen increases of up to 15 percent in areas such as Al Qassimiya due to strong growth in the demand and lack of quality stock. Once an affordable area, now a one-bedroom apartment can cost as much as Dh26,000 per year, while a two-bedroom apartment can cost anywhere from Dh25000 to Dh 35,000. According to the Sharjah Ministry regulations , rents can only be increased for a tenant every three years ; however, new tenants who are moving in are being charged Dh2,000 to Dh5,000 more than what the other tenants have been paying. 

Despite all this, Al Qassimiya remains a popular resedential destination in Sharjah especially for those community to DubI along Sheikh Mohammed bin Zayed Road

The case of non-renewable tenancy contracts.

The case of non-renewable tenancy contracts.

Go through every detail of the contract and make sure you understand all clauses

Has your tenancy contract of your ended and has the landlord demanded termination eviction instated of renewal check if you have signed a non renewal tenancy contract usually tenancy contract are enwalled expect if they are particularly marked nonrenewable or may have some clauses that make them non renewal led also sometimes the landlords writes the non renewal clauses in ambiguous words which the tenant may be unable to catch at all times of signed the contract.

This strategy is applied by some landlords so they may not be found bound to adhere to any rent cap or in case of DUBAI the RERA rental index. When the landlord issues a nonrenewal contract for one year he can ask the tenant to leaf if the tenant disagree to pay the increased rent in this situation the landlord can avoid any rent cap clause and lease the property to a new titan on a higher rent .
If he tenant has signed and willingly accepted the non-renewable clause in the contract, then he has to comply with the terms and honor the agreement.

As a tenant, before signing either for the first time tenancy contract or renewal contract, it is pertinent to go through it thoroughly and understand all the clauses perfectly. Taking legal device could be helpful to avoid any disputes later. This is particularly useful for expatriates new to Dubai. Also, a tenant should remember that no landlord can forcefully make him sign a non-renewable contract. But the landlord is entitled to send a non – renewable contract when renewal for the new term with a one-year notice.

In case the tenant has signed a non-renewable contract unknowingly and does want to vacate the property, he can try negotiating with the landlord by expressing his desire to renew the contract and see if he agrees. Typically landlords are aware that most tenants would like to renew the lease after the expiry of the original lease. If the landlords and tenants reach a mutually beneficial agreement, the matter can be resolved amicably.

Real Estate Tips

•    Ensure you have full understanding of the tenancy contract and tenancy rights

•    Negotiate with the landlord so you reach a mutually beneficial agreement.

•    Always prefer a renewable contract over a non-renewable one.

Dubai hotels continue to raise room rates

Dubai hotels continue to raise room rates

This despite new supply entering and about to enter the market

A recent survey revealed that hotels in Dubai have edged out their counterparts in Europe in terms of profits. Some of the factors that have contributed to the Dubai hotel industry’s growth are high occupancy and high room rates. It has also helped that most four and five-star hotels in the emirate have five restaurants, largely adding to revenue growth.

News reports said hotel rates in the emirate have risen steadily in the past year because of increasing demand from tourists and visitors. Although there are months when occupancy levels are low, and despite the new supply released in the market, slightly affecting the overall demand, hotels have continued to hike up their room rates. The reports further stated that the hotel rates shot up at an average of 1.4 per cent last month to be pegged at Dh658.12 per night, considered the highest compared to was witnessed during the peak period of 2008.Hotels are expected to have an average increase of 3 per cent revenue per available room this year.

A number of new hotels were launched during the first quarter of the year, which included Marriott Hotel and Marriott Executive Apartments in Al Jaddaf, Waldorf Astoria on the Palm and JW Marriott Marquis’ second tower on Shaikh Zayed Road. More will enter the market in the coming months: Hyatt Place in Deira, Pullman Hotel at Jumeirah Lakes Towers, Sofitel Downtown, Coral International at Dubai Sports City (DSC) and Ghaya Grand Hotel and Apartments near DSC.

Considered a global business and tourism destination, Dubai has a steady stream of tourist numbers mostly from the leisure and business sectors. Top guests come from countries such as China, Saudi Arabia, Kuwait, Germany, UK, India, USA, Oman, Iran and Russia.

With the emirate’s aim of hosting 20 million annual visitors by the year 2020, there is no other way that the Dubai hotel industry is going but up.

A survey revealed Dubai hotels are among the most profitable

Hotel prices increased by 1.4 percent, reaching Dh658.12 per night

Newest hotels include Waldorf Astoria and JW Marriott marquis