How to rent property in Dubai?
The Emirate city of Dubai is a home where many expat, career-focused individuals reside. Many people migrate to Dubai for a better lifestyle. This has increased the demand for more housing facilities, luxury apartments, and houses. Finding the right place for you is important in a big city. Here is what you need to know when renting a property in Dubai.
Search for property according to your budget
There are many property listing in Dubai. But not everyone can afford the same property. There is a variety of properties when it comes to apartments, townhouses, residential plots, villas, penthouses, or hotel apartments. Dubai is a city like no other, and in Dubai, you are required to pay rent in post-dated cheques for the contract term. You will also need to present a copy of your passport, redient visa, and a cheque book to rent in the city. Along with the cost for the rent, there are also other costs such as the Ejari fees AED 195 which is a security deposit that is equivalent to 4 weeks rent. The moving costs, Agency fees are up to 2 – 5% on the first annual rent. And the DEWA fees are AED 110 and non-refundable.
Look for the perfect home for you
With many properties in the city, it can be overwhelming to find the perfect home for you. Start by asking some friends and family or search online for the latest listings in the area you have chosen. While looking for property make sure to consider these factors: community, property type, location, and connectivity. When you categorize these factors along with your budget you will be able to get a great place for yourself. If you want further assistance then it is best to go through an agency and professional guidance.
Start property viewing with your agent
Once you consult a professional to assist you with your property hunt, make sure to arrange appointments for property viewing. Your agent will pick the best properties according to your requirements. Make sure you have many options to choose from until you find the perfect place for you.
Make an offer
When you find the perfect place, it is best to put on an offer. The real estate market in Dubai is very competitive, so putting forward your best offer to negotiate will help you get a better chance. When you make an offer make sure you mention the price, the number of cheques you will pay, the contract start date, the duration, and the deposit amount. At this time, both the landlord and tenant can discuss the key terms and conditions to agree upon to confirm the process.
Terms of rent
Once both parties agree to the terms, the contract will be drafted. The contract must fully comply with tenancy laws in Dubai to be a valid contract.
Signing the contract
Once both parties are happy with the contract, they can progress with signing. During the signing, you are required to hand over the cheques as per the agreed terms, along with the agency commission. Once the payment is done, the keys and access cards will be given along with a copy of the contract.
DEWA
The Dubai Electricity & Water Authority needs documents such as passport copies, a title deed, a refundable deposit of AED 2000 OR 4000 depending on the property type.
Registration with Ejari
You need to fulfill the requirements for documentation that needs to be handled when renting a property in Dubai. Once you find the right home for you, you are required to register with Ejari. You will need to provide a copy of the Ejari Certificate for visa renewals and other necessary things while living in Dubai. To register with Ejari you must provide an original tenancy contract, original DEWA receipt, a title deed, a copy of passports, and a copy of Emirates ID.
Move-in
If the tenant requires a NOC, then you can obtain that with the Ejari Certificate, passport, and visa copies. After you have fulfilled the necessary documents you can move into your new place in Dubai. Inspect the property and resolve any issues before permanently moving in.