Ejari is an online registration system in the United Arab Emirates that is used to regulate the rental market and lease agreements (Tenancy Contracts) for residential and commercial property. The system is used in Dubai and is managed by the Real Estate Regulatory Agency (RERA).
Ejari serves several important purposes:
1. Rental Agreements: When a landlord and tenant enter into a lease agreement for residential or commercial properties in Dubai, the details of the agreement must be registered on the Ejari system. This includesinformation about the rental amount, tenant details, and terms of the lease.
2. Legal Requirements: It is mandatory by law in Dubai toregister all rental and lease agreements on the Ejari system. This registrationprovides legal protection for both landlords and tenants and ensures that theterms of the lease are documented and verified.
3. Government Transactions: Having a valid Ejari certificateis often a requirement for various government transactions, such as connectingutilities, or applying for a commercial license. Availability of residentialEjary can reduce the license cost as well.
4. Bank requirements: Ejari also can be required from thebank you have a personal or business bank account with.
5. Dispute Resolution: In case of any disputes between thelandlord and tenant, the Ejari system provides an official record of the lease agreement. This record can be used as evidence in legal proceedings, if necessary.
6. Data Transparency: Ejari helps maintain a transparent record of rental transactions, which is essential for market analysis and policy-making in the real estate sector.
In summary, Ejari is a crucial system in Dubai that ensures transparency, legal compliance, and dispute resolution in the rental market by registering and documenting lease agreements between landlords and tenants.