Refundable Security Deposit

• 5% of annual rent for unfurnished property
• 10% of annual rent for furnished property

To secure a property, you are required to pay a refundable deposit to the landlord, they will hold on to this amount until the deal is finalised. 

This amount is refundable and collected as security against any damage to the property. If you fulfill all obligations under your contract, including settling all outstanding bills at the end of the contracted term, and returning the property in the same condition as received, you will receive this entire amount back. 

Law No. (26) of 2007 amended by Law (33) of 2008 Regulating the Relationship between Landlords and Tenants in the Emirate of Dubai, stipulates, ‘when entering into a Lease Contract, a Landlord may collect from the Tenant a security deposit for the purpose of maintenance of the Real Property upon the expiry of the Lease Contract. The Landlord must refund this deposit or the balance thereof to the Tenant upon expiry of the Lease Contract.