What Is a Security Deposit, How Much Is It, And What Does It Cover?
A security deposit is an amount paid by a tenant to the landlord as a safeguard against potential damage to the property or non-payment of rent. In Dubai, the deposit typically ranges from 5% to 10% of the annual rent. It covers any necessary repairs or damages beyond normal wear and tear at the end of the tenancy, and any unpaid bills or outstanding dues. The deposit is refundable if the property is returned in good condition.
Al Marjan Island
