Special Features
Ejari
The Dubai government has put in place a series of measures to curb soaring rents in the residential and business sectors of Dubai - starting with the newly introduced 7% cap put on annual rent increases, as one example. However, these have done little to keep the increasing rent spiral and tenant-landlord disputes under control. The Real Estate Regulatory Agency (RERA) therefore identified the need for a centralized way to manage rental transactions and contracts, in order to regulate and solve these important concerns.Emirates Real Estate Solutions (ERES) is an online platform of services designed to proactively meet these demands in a uniform, easy-to-access and official manner while serving the Real Estate Industry and the public.
One of these services is ’Ejari,’ an online application developed to register and standardize all rental contracts in Dubai, whether for the largest property management companies or individual landlords, in accordance with RERA’s regulations.
Features & Benifits
With Ejari, both ends of a rental contract are uniformly served, providing protection to landlords and management companies, as well as their tenants, regarding the terms of each rental contract. The solution also serves to establish clear payment terms to protect the interests of all parties when advance rental payments are made.
Once the registration process is complete, a rent receipt can be produced through the system. The main benefits ensured by Ejari are the uniformity of the approach, which creates a standardization of rental contracts, and its ease of use, saving time for the production of documents and receipts required for tenancy agreements.
Ejari serves to build and maintain a trusted regulatory community environment for the real estate industry in Dubai, benefiting both landlords and tenants through complete transparency.
Industry benefits of the system include the following:
*Access to official and updated information of all leased properties in Dubai
* A means of creating legalized tenancy contracts accompanied by standard issue rent receipts
* The ability to safeguard the rights of landlords and tenants by maintaining tenancy contract details
* The full auditability of transactions in case of dispute
