The cosmopolitan population is after the hunt for lucrative career opportunities and lifestyles, and the ideal destination where all the luxury meetings are in the city of Dubai.
Dubai is the city to fulfil the dreams of many realities and thousands of expats move to Dubai with the same vision to fulfil. Dubai owns an excellent selection of residential properties and it is also growing on a daily basis to accommodate the growing population. Finding a new home in such a vibrant city could become slightly difficult and you might get confused with the thought of where to start.
A new city and a new home is a combination of excitement and stress and along with the same moving to a new apartment can be tedious with the shifting procedures. It would go better if you are familiar with the rules in the city and do not get cheated by the agencies. Being familiar avoids any misunderstandings and saves you money by not being subjected to additional costs. So, it is good to know your rights while renting a property in Dubai.
The difficulty many expats feel is due to a lack of knowledge about rental laws.
Here is our step-by-step guide to renting a property in Dubai.
In a city like Dubai, renting a property needs a pre-deposit of a handsome amount or a post-dated cheque. The applicable range of cheques is between 1-12 which can be decided by the tenant based on their financial capability. The resident will require to submit a passport copy, a resident visa copy, Emirates ID (front and back), and a chequebook as also some of these additional costs like - Ejari fees, Security deposit, Moving fees, Agency fees, DEWA fees including both non-refundable and refundable deposit.
Let's start hunting for property to rent like apartments, townhouses, residential plots, villas, penthouses, hotel apartments, etc, through a quick online search, where you get to filter your search based on your likes and preferences. Identify the property you wish to rent out and then do a study on the same from the mentioned description. Do a thorough study on the annual rent, property location, number of rooms and baths, furnishings, list of amenities, the connectivity to schools, parks, hospitals and restaurants, etc. If the factors like the type, affordability, location and everything go in line with your search result, you can review active listings on the website and get in touch with the contact person to see your potential new home. Save some of the few properties you wish to consider before getting in touch with the agent. Also, keep an idea of the agency commission, which is 2% to 5% of the annual rent, it's always better to have clarity before you commit to an agreement.
The tenancy rent will be subjected to an increase in a regular period with a prior notice from 90 days before, which will be clearly mentioned in the agreement contract. The landlord also needs to follow certain rules from the Dubai Land Department in increasing the rent and there is a limit to how much rental value can increase on a yearly basis. If at all you feel the increase has been on a fair amount, then you can file a complaint with the Rental Dispute Committee.
Your rental property has to be visited for inspection to check for damages and if you found out something, request the landlord to repair it as soon as possible. Note down the damages to get to see, so that can ensure it is completely fulfilled next time you visit.
Once the place is inspected, then finalise the property on quarterly or bi-annual payment terms. Rather than agreeing to a single cheque, landlords agree to reduce the rent if you provide them with multiple cheques. Opting to rent in Dubai, if you are ready to stay for a minimum period otherwise you will have to incur losses. The short-term rental policy can be a better option if you need a bit more flexibility to accept the location as well as the property.