You can cash a check at the issuing bank of the check without having an Emirates residency, provided that the check does not contain two lines that mean credited only to a personal bank account. The fact of having a resident visa does not affect the possibility of obtaining funds for renting real estate. The main thing at the same time is to have a passport with you, proving your identity, since the spelling of your name on the check and in the passport will be checked and must match exactly. It is now possible for a non-resident to open a bank account, but this has become more difficult compared to 2013-2016. If the check is issued in the name of a company, and not to an individual, then funds will be credited only to the bank account of this company and only to the Emirati bank account.

! Please note that a check is valid for 6 months from the date printed on the check, if you cash it during this time it will be void.

!! If you need support with opening an account in Dubai, UAE, please contact UAE-Consulting.com. If earlier an account could be opened without problems in one day, then after 2017 the rules of banks in the UAE have changed and are still changing. Therefore, we recommend contacting professionals.

!!! If you prefer to receive passive income from rental property without wasting time on operating system, you can use the service of a real estate agency to manage and rent out your apartment in the UAE. In this case, the check can be issued in the name of the legal entity (real estate agency company) that is engaged in leasing, and then the real estate agency transfers or transfers it in cash to the Landlord. The most important thing at the same time is to choose a company that is comfortable for you, which you trust and with which you are comfortable interacting and working.

Since 2012, all lease agreements under the law of the Emirate of Dubai must be officially registered in the Ejari / Ejari system (from Arabic Ejari - “my lease”) under the Real Estate Regulatory Authority (RERA). Although the service has its own application, registration must be done in person. As confirmation of registration, a special Ejari certificate (Ejari certificate) with a unique barcode is issued. Both the landlord and the tenant can register the lease agreement, but according to the law, this must be done by the owner of the apartment. 

The current fine is 50,000 dirhams. 

At the same time, in case of non-compliance with the provision on mandatory registration, the participants in the transaction do not have the right to apply to state bodies to protect their rights and interests or resolve disputes, for example, to a body specially created for this - the Rental Committee. 

In Abu Dhabi, for example, the system for registering lease agreements is called Tawtheeq, while in the northern emirates it is done simply in the municipality.

In the UAE, there a no tax on the purchase, ownership, and management (renting out) of real estate within the jurisdiction of the United Arab Emirates. Also, there are no automatic taxes imposed on the death of an individual in the UAE. There is also no inheritance tax or gift tax. However, the recipient of a donation of immovable property located in the UAE must pay a transfer fee when the property transfer is registered.