September 17, 2024
Dubai is known as a remarkable destination among the cosmopolitan population for exploring opportunities as well as comfortable lifestyles. Thousands of expats from around the World are considering Dubai as an option for better career opportunities. The real estate industry in Dubai has evolved with the greatest possible outcomes to accommodate people both for permanent residency and rental areas. Many people find it difficult to choose the right property among the variety of options available in Dubai neighbourhoods. In this blog, complete information is provided for individuals who are new in town and finding a way to rent out their property in the best possible manner with regards to financial benefits and security.
Start Property Research Early
It is advisable to start the research in time to avoid the danger of fraud and to list the options available depending on needs and preferences. Never jump in to making an abrupt decision in sheer circumstances. Starting early provides you with the time to negotiate rent and in worst case scenarios the property is selected in the same week, in this way there is plenty of time to plan the furniture movement. People can explore their options from the comfort of their homes by searching online. The websites provide all the information about the availability and rent of properties and can also link with the real estate agent online to have a physical visit. There are many property types available such as apartments, townhouses, residential plots, villas, penthouses and hotel apartments and the difference among each type is explained in the website section for first time finders.
It is a good idea to have a general idea of the kind of property, how many rooms needed, the affordability and the desired location before beginning the search. There is an option to filter the search results for villas and apartments for rent in Dubai based on criteria like price range, kind of property, location, and number of bedrooms and bathrooms depending on individual preferences. Verifying the agency commission when renting a property is also crucial. Agencies usually charge two to five percent of the annual rent. Nonetheless, getting clarity before entering into an agreement is usually preferable.
Choose Location Wisely
Keep in mind another important consideration: commute time! Not only is it very tiresome to spend two hours in traffic every day, but it can also negatively affect other aspects of your life. Cutting down on the commute time can free up more time for leisure activities, socialising, or just relaxing with friends and family. It's definitely an important thing to take into account when choosing a place to call home.
Visit the Property
After scheduling a time to meet with the agent in person, make plans to visit the location with a list of questions in hand. Make an effort to arrive a little early and take your time exploring the neighbourhood. Take as much time as you like to inspect the property, and schedule another visit at a different time to get a better idea of what it would be like to live there. Make sure to tick all the boxes that pertain to the circumstances before signing the rental agreement. Included in these should be unstated rental expenses in Dubai, such as agency fees. There are some important considerations to be kept in mind when looking for rental property in Dubai. While looking for the unit consider:
- Does the apartment or villa get enough natural light?
- Are the rooms spacious enough?
- Are the fixtures and fittings in good condition?
- Does it need repainting?
- Is the plumbing working?
- Are the electrical outlets in the right spot?
- Do tenants get a designated parking spot?
- Is the building equipped with security measures such as cameras, a security guard and an intercom?
- Are there any facilities such as a gym and swimming pool?
- Tenants can request the landlord to resolve maintenance issues before signing the rental agreement or insert clauses.
Find Real Estate Property Agent
One of the most frustrating things is to find a listing that appears amazing in the pictures, try to get in touch with the agent to schedule a viewing, and then... The agent didn't respond! . However, it’s not a big issue anymore as many companies arrange meetings in flexible hours to suit the demand. Agents are very beneficial during the process as they consistently provide excellent service and meet the service guidelines that are up to date with the modern changes in real estate sector.
Make an Offer
Encouraging an apartment or villa is just the first step in renting in Dubai; the next is to finalise the offer. Landlords typically agree to reduce the annual rent if the tenant can pay the entire amount in fewer checks, even though most contracts have quarterly or bi-annual payment terms. Short-term rentals are an alternative if some people require more flexibility or are unsure about the flat or the neighbourhood. Whichever is the best option, compare our short-term vs. long-term rental options.
Reserve the Property
A refundable security deposit (one month's rent or 5% of the rent) is required from customers to reserve the property with the landlord. Real estate agents typically hold onto this money until the transaction is completed when customers are working with them. Once the deposit cheque (or cash) is submitted, make sure to receive a receipt. The agent will give the security deposit amount to the landlord as compensation if the customer decides to back out of the agreement for whatever reason.
Review While Signing the Tenancy Agreement
The tenancy contract is shared by the designated agent once the security deposit has been paid. Tenancy laws in Dubai must be adhered to by the contract. Prior to formalising a contract, it is imperative to comprehend the entitlements of tenants in Dubai. Make sure you are well-versed in the rights of tenants in Dubai. As long as there is mutual consent, both parties can incorporate special clauses. Review the terms and conditions of the contract, make any necessary suggestions for changes, and make sure to be comfortable with them. Any queries or worries should be answered by the agent. Sign the tenancy agreement and give the agent the rent checks and agency commission once decided on the property. After every payment you make, request a receipt. The agent will then give the landlord's signature on the tenancy agreement and hand over the checks provided for rent. A copy of the contract and the acknowledgement receipt should be kept. Typically, one copy of the contract is given to the landlord and the other to the tenant. After customers sign an acknowledgement form outlining everything they have received, the agent then gives the customer the keys and access cards. It is also common to sign a handover contract.
Register tenancy contract with Ejari
After the contract is signed, it needs to be registered with Ejari by the agent. If customers prefer the rental agreement to be enforceable in the emirate, it is necessary to follow the third most crucial step in our guide to renting in Dubai. It's not too difficult to register for Ejari online. Tenants must use the official website to complete the task online or bring the documents to any typing centre. Ensure that the Ejari adequately specifies the deposits, length of the contract, and rent amounts.
Move in Form
Before moving into their ideal flat or villa, renters in certain well-known communities in Dubai must obtain a move-in permit. These can be accessed on the developer's website and can be processed in up to five days. In order to prevent delays, find out if this is necessary from the landlord or real estate agent, then apply for the permit as soon as possible. A move-in permit is necessary for certain communities, such as Arabian Ranches, Downtown Dubai, Emirates Hills, The Greens, Dubai Marina, The Springs, and The Meadows.
