UAE landlords increase the amount of advance payment

UAE landlords are gradually increasing the amount of the advance payment and refusing more cheques. 

In fact, some landlords are even willing to offer a price reduction if it means paying the full cost of the annual rent with one cheque.

The renter cannot be held liable for non-payment, as a result of which landlords begin to gradually abandon cheques that have lost their significance. In addition, in the UAE they will study the credit history of potential renters.

More and more landlords in Dubai are placing their apartments on the short-term rental market, rather than long-term. Thus, there is no need to make any payments using cheques.

Experts believe that ultimately such changes will have a positive impact on the real estate sector.