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Mario Volpi

Mario Volpi is head of brokerage at Novvi Properties and has worked in the property sector for 40 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@novviproperties.com

Articles

Property maintenance is the responsibility of the landlord, according to the law. Getty Images
UAE Property: ‘Should my landlord pay for property maintenance?’

The current practice is that any maintenance issues that cost less than Dh500 will be managed by the tenant and those costing more will be the landlord’s responsibility

MoneyMarch 27, 2025
Mario Volpi
The Damac Hills community in Dubai. Strong market fundamentals are driving property growth in the emirate. Chris Whiteoak / The National
UAE Property‘Is now a good time to buy real estate in Dubai or will the market soften soon?’

The main driver for the current growth is population expansion with no downturn expected until 2026 or 2027

MoneyMarch 21, 2025
Mario Volpi
There is nothing wrong in informing a tenant way in advance that there will be a rental increase. istockphoto.com
UAE Property‘My landlord sent our rental renewal earlier than usual - is something amiss?’

The renewal amount will be determined upon expiry of the old tenancy agreement

MoneyMarch 15, 2025
Mario Volpi
Building classification is now a major component used to calculate rents under the new index. Chris Whiteoak / The National
UAE Property‘Is the new Dubai rent index more tenant-friendly?’

The DLD introduced it to rebalance the scales for an equilibrium between tenants and landlords

MoneyMarch 07, 2025
Mario Volpi
Communities like Jumeirah Village Circle, Sports City and Arjan in Dubai are popular among buyers due to their affordability. Chris Whiteoak / The National
UAE Property: ‘Is it more sensible to buy or rent in Dubai?’

Purchasing helps benefit from capital appreciation while renting offers flexibility

MoneyMarch 01, 2025
Mario Volpi
The new rental index uses AI for more accurate figures, adjusting rent based on factors like building grade. Chris Whiteoak / The National
Homefront‘Will Rera’s new index reduce house rents in Dubai?’

It was introduced in January mainly to improve the accuracy of rates during tenancy contract renewals

MoneyFebruary 21, 2025
Mario Volpi
No landlord is allowed to evict a tenant to then just re-let the property to another tenant. Getty Images
UAE Property: ‘Can my new landlord use an old eviction notice?’

Many judges at Dubai’s Rental Dispute Centre now accept eviction notice served by previous property owner

MoneyFebruary 13, 2025
Mario Volpi
The new Dubai rental index is much fairer when it comes to comparing renewal rental rates with vacant unit market rates. Victor Besa / The National
UAE Property‘How can I ensure my landlord isn’t overcharging for rent?’

The new Dubai index has improved the way rents are calculated and is more accurate

PropertyFebruary 07, 2025
Mario Volpi
Investing in property with the intention of quickly selling can be a risky endeavour. Antonie Robertson/The National
UAE propertyUAE Property: ‘Is it a good idea to flip property in the current market conditions?’

Process can be risky if the investor can’t hold onto the unit for long

MoneyFebruary 01, 2025
Mario Volpi
If repair work affects a tenant's living conditions, they could be entitled to some form of compensation. Getty Images
UAE Property‘Should I get compensation if my landlord conducts major repairs during my tenancy?’

Maintenance should be done before a new tenant moves in, unless it is an emergency

MoneyJanuary 24, 2025
Mario Volpi
The introduction of the new smart rental index will bring about transparency. AFP
UAE Property‘Is there an oversupply and could that lead to a market crash?’

The market has been increasing in volume and sales transactions for the past few years, and there are many factors behind this

MoneyJanuary 18, 2025
Mario Volpi
Rental increases have accounted for a large chunk of Dubai's inflation in the past three years. Lauren Lancaster /The National KEY WORDS: Real Estate Agent home homes rent rentals
UAE Property‘How does Dubai’s new rental index differ from the old one?’

The existing regulation will still be used to calculate any percentage increases to the rental amounts when the market is going up

PropertyJanuary 09, 2025
Mario Volpi
A rental property should always be handed back to the landlord in the same condition it was given to the tenant at the start of the agreement. Satish Kumar / The National
UAE Property‘I am concerned about recovering my deposit from the landlord’

Subject of returning rental deposit is an emotive one and often leads to disputes

MoneyJanuary 04, 2025
Mario Volpi
For some time now, the Dubai property market has been riding on a crest of a positive wave that doesn’t appear set to diminish anytime soon. AFP
UAE Property‘Should I invest in Dubai since market seems steep?’

There are more people coming to make Dubai their home than the number of properties being handed over

MoneyDecember 28, 2024
Mario Volpi
The notarised letter to the tenant requires you to give them another 30 days before you can file a rental dispute case. Getty Images
UAE Property: 'How do I evict tenant whose lease has expired?'

To evict a tenant for non-payment of rent, you must send a notarised letter to them requesting immediate payment

MoneyDecember 19, 2024
Mario Volpi
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