Dubai, a bustling metropolitan hub, boasts a skyline adorned with some of the world’s tallest buildings, all while being just a short drive away from a stunning desert landscape. With its thriving economy and abundance of opportunities, Dubai attracts people from all corners of the globe.
The rental market in Dubai is significant, catering to short-term stay visitors, tourists, job seekers, and expatriates. The government has introduced real estate initiatives, like Ejari or Rental Index, to simplify the renting process and resolve disputes between renters and landlords.
If you’re planning to move to Dubai, here are essential things you need to know about the rental market:
Short Term vs. Long Term Rentals:
Determine whether you’re seeking a short-term or long-term rental property, as this will impact your search and pricing. Short-term rentals are typically furnished and available on a daily, weekly, or monthly basis, ideal for tourists and business professionals. Long-term rentals are more suited for residents and may come with the option of furnishing.
Understand Your Budget:
Get a clear understanding of your budget for rent. Rental prices in Dubai can vary based on location, property size, and amenities. Use online property portals to explore rental prices in different areas.
Assess Your Needs and Wants:
Consider your requirements, such as the number of bedrooms, parking space, proximity to public transport, schools, and shopping centers. Evaluate the building or neighborhood amenities, like swimming pools or jogging tracks, to match your lifestyle preferences.
Conduct Thorough Research:
Explore rental properties through online platforms like Dubizzle and Bayut, or seek assistance from certified real estate agents. Check the property condition, amenities, and location during multiple visits. Request a Rental Good Conduct certificate to learn about the landlord’s history.
Negotiate the Rent:
Don’t hesitate to negotiate the rent, especially if you’re willing to sign a longer lease. Inquire about additional fees like service charges or parking fees. Use the RERA Rental Index calculator to determine the property’s value and make an informed offer.
Sign the Rental Contract:
Once you find a suitable property, sign a rental contract detailing tenancy terms, rent, security deposit, and lease length. Read the contract carefully and verify the landlord’s identity and title deed to avoid scams.
Register with Ejari:
Register the property with Ejari, the Dubai Land Department’s electronic rental registration system. It’s mandatory for both landlords and tenants and serves as the official tenancy agreement.
Set Up DEWA:
After Ejari registration, move into your new property, ensuring everything is in order. Then, register with the utility provider DEWA for electricity and water services.
Embark on your Dubai rental journey with confidence armed with this valuable information. Happy renting!
If you are interested in renting or buying a property, feel free to reach out BRD International Real Estate.
Call: +971 50 534 2719
