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Mario Volpi

Mario Volpi is senior vice president of investment advisory at Allegiance Real Estate. He has worked in the property sector for 40 years in London and Dubai

Articles

The eventual sale of a fractional unit may come with restrictions in terms of when exactly you could exit the investment. Bloomberg
UAE Property: ‘Is fractional investing a good option?'

The crowd funding method of buying real estate is relatively flexible, as it offers an easy entry and exit compared with full ownership

MoneyNovember 21, 2024
Capital appreciation for off-plan properties can be fairly rapid within a rising market, reaching its peak just before handover. Chris Whiteoak / The National
UAE Property: ‘Should I buy an off-plan or ready unit in Dubai?’

This is a personal choice and there are several pros and cons to both

PropertyNovember 14, 2024
Final approval of golden visa applications involving property investment depends on the Dubai Land Department. Pawan Singh / The National
UAE Property: ‘Do I receive a golden visa for buying real estate?’

Obtaining the 10-year permit requires investment in property with a value of at least Dh2 million

PropertyNovember 07, 2024
Any changes to a rental contract must be communicated in writing within 90 days of the renewal date. Getty Images
‘Should I inform my landlord if I don’t intend to renew my lease?’

Always let the owner know well in advance if you intend to move out

MoneyOctober 31, 2024
A tenant has the option to file a case with the Rental Dispute Settlement Committee if they believe they were coerced into signing a document. Getty Images
UAE Property: ‘Can my landlord make me sign an agreement to leave?’

Tenant can file a case at the Rental Dispute Settlement Committee at Dubai Land Department

MoneyOctober 24, 2024
While the interest rate on a mortgage is a crucial factor, it is not the sole consideration. Getty Images
UAE Property: ‘Can I sell property in my home country and transfer the proceeds to invest in Dubai?’

One option is to remortgage a property in home country, which can make it easier to raise the desired deposit without the need to sell it

MoneyOctober 17, 2024
If the tenancy contract does not include any provisions for parking, the clause in the Ejari contract will take precedence. Chris Whiteoak / The National
UAE Property: ‘Can my landlord take away free parking?’

Unless the owner has explicitly removed this facility from the tenancy agreement, they cannot abruptly cancel it

MoneyOctober 10, 2024
A landlord who serves an eviction notice to sell a property and then decides to re-let it long-term should offer the unit to the original tenant. Chris Whiteoak / The National
UAE Property: 'Can I put my home on Airbnb after evicting the tenant?'

The landlord’s reason for eviction is to sell the property

MoneyOctober 03, 2024
Dubai Marina. If a deposit was provided without any mention of it being non-refundable, and if the tenancy contract is off, a tenant is entitled to request his cheque back. Bloomberg
UAE Property: ‘Can I get my security cheque back if I have not yet signed a rental agreement?’

In the event that the agreement is terminated, a tenant has the right to receive a refund of deposit

MoneySeptember 26, 2024
If the owner is selling to an end-user, a tenant will have to vacate at the end of the notice period. istockphoto.com
UAE Property: ‘Can my landlord serve eviction notice during my tenancy contract?'

Normally, an eviction notice is served at the end of the existing contract

MoneySeptember 19, 2024
Residential buildings in Dubai Marina. It is presumed that a room should have a window to be called a bedroom, but that is often not the case. Bloomberg
‘I’m not sure if I’m renting a one-bedroom apartment or a two-bed’

Owner’s title deed should state the number of bedrooms an apartment has

MoneySeptember 13, 2024
Many changes have taken place to Dubai's real estate laws, which protect investors entering into transactions with developers. Antonie Robertson / The National
UAE Property: ‘Will my money in escrow be refunded for a stalled project?’

The only way any money sitting in an escrow account can be withdrawn or distributed is with a court order

MoneySeptember 05, 2024
For maintenance issues exceeding Dh500, the responsibility falls on the landlord to cover the costs of necessary repairs. Getty Images
UAE Property: ‘Is a tenant responsible for paying for maintenance on the rented unit?’

It is the landlord's responsibility to maintain property. However, tenants also share responsibility for certain maintenance issues

MoneyAugust 29, 2024
Viewing a property for sale with a short-term tenant living there can sometimes be problematic from a broker’s point of view. istockphoto.com
UAE Property: ‘Landlord evicted us to sell house but then re-let it'

The onus of proof is on you to show that the property has indeed been re-let after you left

MoneyAugust 22, 2024
If a tenant believes he's been wrongfully evicted, he can seek compensation through legal means. Under normal circumstances, the compensation has been approximately the equivalent to the rental amount the tenant was paying. Sarah Dea / The National
UAE Property: ‘Can I seek compensation if landlord has evicted me without moving in?'

A landlord cannot re-let a property for two years after evicting the current tenant and then not moving in

MoneyAugust 15, 2024
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