Finding a good rental property in Dubai, right after landing in this city is the first step to begin the journey here. With time, you may feel like it was not one of the best decisions as you did not know much about the city, its neighbourhoods and your options. Dubai has an array of rental arrangements and an abundance of attractive rental properties dotted across the city. Though all you need is to finalize your budget and neighbourhood but proximity to communal facilities and the living standard you want for yourself and your family are also equally important.
Seeing the current situation in the post-pandemic time, one thing is sure that Dubai’s rental market is busy as rents are increasing citywide. No matter, you must be aware of tenants’ rights along with when and how much can a landlord increase rent in Dubai? It will help you avoid falling prey to any unethical contractual changes and a steep spike in rent.
There are things that you must know before renting a property in Dubai and being a tenant, you must take note of these pointers. And now, to make sure you have selected the right rental property in Dubai, we have jotted down expert tips to help you sail smoothly and make your next move a good one.
Keep a tab on the latest trends
Looking for a bigger apartment? Planning to move into a villa? Or need to be closer to your kids’ school? There can be multiple scenarios that urge you to shift from your current home to the next property for rent in Dubai. You can choose an ideal place from one of these top 10 housing communities to live in Dubai. However, you must be sure about the market trends.
Right from the beginning or middle of the global pandemic, people are looking for villas, in search of more space and also because, villas became affordable. And now when the market is booming, the rents and sales prices of villas have seen a significant and consistent rise over 18 months. Rental costs continue to soar as Dubai real estate market heats up and Al Barari, Palm Jumeirah, and Arabian Ranches are one of the most in-demand neighbourhoods, where prices are incredibly increased.
Real estate experts believe that villas for sale in Dubai are unlikely to meet escalating market demand. Similarly, rents are constantly increasing for villas for rents, making them unaffordable for mid-tier tenants. Moreover, the short-term rental market in Dubai is also on the rise, due to the nearly ending FIFA World Cup in Qatar and several other factors. Before deciding on your next move, it is better to evaluate the rental market and find the best option for you within your budget.
Do your research but also act quickly
When it comes to finding properties for rent in Dubai in a new area, you must complete your research and know the neighbourhood. In the majority of cases, rental contracts in Dubai are signed for a 12-months term, so do not think too short term before you move into a new rental property in Dubai. If you are selecting a new neighbourhood, you must be sure that it is right for you in every aspect.
However, do not get carried away in researching about the area that you forget to act on quickly. Dubai real estate market is booming and properties are not hanging around so long – especially villas in key areas. You can also have a look at the top areas where apartment and villa prices increased in Dubai. Notably, villas for rent and sale are relatively low in the market and tend to have multiple offers and the same is the case with apartments.
Therefore, property agents in Dubai suggest that do not sit and wait around, if you have found a good option. Do your research but meanwhile, also learn to act quickly.
Choose a property according to your budget
Before you move to Dubai, you must consider the cost of living here and get an idea about your expenses. Dubai is one of the most expensive cities to live in, and before even planning your move, you must decide between renting vs buying a property in Dubai – what is better for expatriates? This all depends upon your monthly income. However, if you have decided to rent a property in Dubai, you must explore different neighbourhoods and decide which one matches your lifestyle, and needs and also fits into your budget.
Though in the booming Dubai rental market, it will be hard to find rental perks such as free months, multiple cheques or other incentives but you must check different options to get a better deal. Another important thing to consider is to check the terms and conditions of the rental agreement, such as if there is any early termination or rental break clause that can benefit tenants.
Work with an expert property agent in Dubai
It is important to work with an expert property agent in Dubai, who you can trust and have a cordial professional relationship. It is often seen that tenants hardly pay attention to this point and do not bother picking any property agent and that is where things start to go wrong. Picking the right properties for rent in Dubai is important but it is also paramount to invest time to find the right property agent. A professional estate agent in Dubai must be honest and open in conversation so that he can understand your needs and manage your expectations accordingly.
Working with a reliable real estate agent in Dubai helps you explore the selected neighbourhoods and find the best possible deal that fits into your budget and meet your lifestyle. Be sure to work with an agent that is fully qualified by the Dubai Real Estate Regulatory Agency (RERA).
Keep additional charges in view
We have previously mentioned about budget but you need to save up more than you calculate. For instance, admin fees are unavoidable that include agency fees, DEWA deposits, Ejari costs and more. You also need to pay a security deposit to rent a property in Dubai, so, keep AED10,000 with you to cover these charges.
Also check, if the building is offering “chiller free” services or if the AC costs are charged in the DEWA bill. If it is not included in the DEWA bill, it is likely to be more expensive.
Need help for selling, renting or buying?
If you are planning to rent a property in Dubai or looking to buy or sell properties in Dubai, you must schedule a call with HFRE’s sales and rental experts at +971 4876 2473. You can also write us in detail at info@hfre.ae and one of our experts will answer your all queries. What are you waiting for? Call us now.
