The Comprehensive Guide for Renting a Property in Dubai
Determine Your Rental Budget
To make the leasing process go more smoothly, decide on your budget before looking for a place. Don’t forget to account for additional expenses such as DEWA, agency, and Ejari fees, as well as security deposits.
Finding the ideal rental property
Finding a house that suits your lifestyle, tastes, and budget is the next step. It is advisable to work with a licensed real estate agent on this. They may assist in vetting the landlord and elucidating different tenancies
Arrange a property viewing with your leasing agent
Once you’ve narrowed down your list of possible properties, ask your realtor to arrange a time to see them.
Make an Offer
The agent helps tenants and landlords throughout this phase of the bargaining process.
Drafting the tenancy agreement:
Before proceeding any further it is essential to understand Dubai’s legal situation and the rights of renters in particular. This information is necessary when coming up with a tenancy agreement that will fulfill the legal provision of the rental industry in Dubai. This preparation can usually be done with the assistance of an agent registered with the RERA. A security deposit is also necessary, which is 10% for houses, flats, rooms, and plots for rent for the furnished accommodation and 5% for the unfurnished one according to the rate of rent.
Signing the agreement:
The parties begin the rental agreement by agreeing on certain terms and conditions of the rental process; signatures are then made on the rental agreement. At this point of the process, you will remit to the landlord his rent as and for the commission of the agency.
How to Secure the Ideal Rental Property in Dubai?
Dubai is a great city in which to find a property for rent; however, it is not very easy to look for the right house as it calls for strategic development. To do so, one should follow several steps, the first of which is selecting the right location. Do you want the noisy ambiance of a business district or the quiet unassuming ambiance of an area with many families? Take two or three places depending on your preference for the neighborhood and how suitable they are for your commute. After that, set the budget and look for the rental properties that are in this price range, and DO not overlook the other costs like utilities, etc. Many apartments have individual gyms and swimming pools, so, first of all, pay attention to the factors that will make your living better. Last but not the least, which is the use of a licensed real estate agent. Even if the process of looking for a rental through the Internet is thrilling, it will be much more fluent when you hire a professional who understands the many districts of Dubai and the legalities.