00:00If you are sharing a room with someone or renting a bed space, you need to know this update.
00:04Dubai is introducing new rules for shared housing.
00:08From the end of this month, licensed shared housing will have its own rental index.
00:12So what does that mean?
00:13The Dubai Land Department will set an official rent benchmark for shared accommodation.
00:18That is not the only change.
00:20Shared housing operators will also need permits and standard tenancy contracts.
00:24Fines can range from 500 dirhams to 500,000, reaching 1 million dirhams for repeated offenses within one year.
00:32And this is the most important information you need to know.
00:35Tenants can no longer sublet.
00:37Only property owners authorize management companies and companies leasing on behalf of owners legally rent out shared accommodation.
00:45So, are you ready for the new changes?
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