We rented a villa in Dubai for eight years and the contract ended on May 2018. We handed over the property to the landlord's representative in a neat / clean condition. The representative took the keys from us, checked the villa and signed the handing over document. After we received clearance from Dewa and du, we asked the landlord for the refund of our security deposit. Last month, we were told by the landlord's office that the villa needed to be repainted inside and outside. They sent us the cost, which is more than three times the value of our security deposit. Please note that the villa was only painted once (interior only) by the landlord when we moved in. The villa is now up for sale, which is the reason why the landlord did not want to renew our contract. So, who is responsible for this painting of the whole villa now that we have moved out - us or the landlord? Surely this falls under wear and tear? JD, Dubai
It is common practice to return a property in the exact same condition it was given to you at the start of your tenancy agreement, therefore if it was painted and cleaned when you moved in, this is how you should return it. Equally, if the property was not handed over newly painted nor cleaned, then a tenant does not have to give it back with these works done. You are right that in some contracts it does state fair wear and tear is allowed but this statement is open to different opinions. What you might believe is fair wear and tear can mean something totally different to a landlord and for this reason this clause cannot be relied upon. It is your responsibility, therefore, to repaint the property inside only and in the same colour it was before, irrespective that you have now moved out.
I am however a bit suspicious of the landlord demanding over and above the estimates including external painting and would question why he has waited over four months before informing you that this is the reason for not returning your deposit. I suggest you organise a face-to-face meeting with the landlord and explain you will carry out what is expected of you but that he must return the deposit immediately once you have done this. Otherwise you will have no alternative but to go and file a case at the Rent Dispute Settlement Committee in Deira.
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Read more:
Homefront: 'What happens to a tenant's personal possessions if they abscond from the UAE?'
Homefront: 'How do I get my rent refunded if I move out early?'
Homefront: 'How do I evict a tenant who is behind on the rent?'
Homefront: Off-plan buyer fears for purchase after losing his job
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I am staying in my apartment for another year and have signed my contract with a reputable real estate agency registered with the Dubai Land Department. It also has a power of attorney to operate on my landlord's behalf. While registering the tenancy contract for Ejari, I was informed that the landlord also needs to sign the contract. However, my broker managed to get me an Ejari Certificate with all the correct dates etc with contract signed by the real estate agency. My Dewa bill is still registered in my name. I paid the cheque (one payment) to the real estate agency, exactly as I did last year. Now we come to the problem. Another real estate agent recently approached me, claiming that the owner is not represented by that other agent anymore and that the owner is not being paid the rent. The person has an original signed title deeds document as proof. We are now a bit distressed as we do not know what is going on. We have all the documents - the Ejari, contract, Dewa bill, title deeds copy, passports, proof of payment etc. How should we proceed from here. We don't want to be kicked out and then not see our money again. SB, Dubai
It appears you are caught up in the middle of a situation that is not of your doing but don't panic. Firstly, do you have actual access to the landlord? If so, get in touch to explain your side of this story; if not, seek a meeting with the agency you have paid to garner their assurance that whatever is going on is not going to affect your tenancy, as this issue is clearly between the landlord and the agency. For now, it would appear that you have a valid Ejari, therefore you are protected. For any verification, you need to see up-to-date evidence of who is now representing the landlord. If necessary, you may have to collect the cheque, should it be proved that the landlord has indeed switched power of attorney. Communication is the key, so for peace of mind you, will need to get involved.
Mario Volpi is the sales and leasing manager at Engel & Volkers. He has worked in the property sector for 34 years in London and Dubai
The opinions expressed do not constitute legal advice and are provided for information only. Please send any questions to mario.volpi@engelvoelkers.com
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more from Janine di Giovanni
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How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
MATCH INFO
Manchester United v Manchester City, Wednesday, 11pm (UAE)
Match is on BeIN Sports
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Company%20Profile
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
The Transfiguration
Director: Michael O’Shea
Starring: Eric Ruffin, Chloe Levine
Three stars
The biog
Favourite food: Tabbouleh, greek salad and sushi
Favourite TV show: That 70s Show
Favourite animal: Ferrets, they are smart, sensitive, playful and loving
Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can
Name of first pet: Eddy, a Persian cat that showed up at our home
Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big
'Ghostbusters: From Beyond'
Director: Jason Reitman
Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace
Rating: 2/5
MATCH INFO
France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')
Italy 1
Bonucci (36')
The 24-man squad:
Goalkeepers: Thibaut Courtois (Chelsea), Simon Mignolet (Liverpool), Koen Casteels (VfL Wolfsburg).
Defenders: Toby Alderweireld (Tottenham), Thomas Meunier (Paris Saint-Germain), Thomas Vermaelen (Barcelona), Jan Vertonghen (Tottenham), Dedryck Boyata (Celtic), Vincent Kompany (Manchester City).
Midfielders: Marouane Fellaini (Manchester United), Axel Witsel (Tianjin Quanjian), Kevin De Bruyne (Manchester City), Eden Hazard (Chelsea), Nacer Chadli (West Bromwich Albion), Leander Dendoncker (Anderlecht), Thorgan Hazard (Borussia Moenchengladbach), Youri Tielemans (Monaco), Mousa Dembele (Tottenham Hotspur).
Forwards: Michy Batshuayi (Chelsea/Dortmund), Yannick Carrasco (Dalian Yifang), Adnan Januzaj (Real Sociedad), Romelu Lukaku (Manchester United), Dries Mertens (Napoli).
Standby player: Laurent Ciman (Los Angeles FC).
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5