The Process Of Renting Out A Property In Dubai

Renting or purchasing a property in Dubai can turn out to be a Herculean task if you happen to be in the city for the first time. The nuances of the market along with hip hops can be confusing at first. But with a tinge of research and advice, things are expect to become clear. La Mer apartments for sale or rent out, there are a few protocols that you need to consider

How to figure out the right property in Dubai

The number of options that is available online may turn out to be confusing and overwhelming. Dubai is one of the fastest-growing cities and it is always on an upward curve. There are a host of websites that are expect to make the search process relatively easier. It does help if you have done your homework about where you intend to stay in Dubai. With professionals, Dubai marina and Dubai Downtown are popular options, but they can turn out to be expensive.

Diera and Bur Dubai are load with family-run restaurants though the housing stock is on the older side. Among the younger crowd and western residents, Dubai Marina is popular. Do not be afraid in asking your co-workers or join community groups when it comes to advise.

The common issues to take into consideration when renting

Before you sign any lease there are numerous pointers to consider. The tenants need to ensure that the rent is fair and in line with the current market standards. If you are dealing with an individual landlord, check out their ownership and proof of identity. This could turn out to be excessive, but there are scammers. And any genuine owner would not mind you asking the same.

If you are dealing with an agent, check that the company is a legitimate one. The cheques and deposits should be genuinely address to the landlord. The third-party does not have a role in this and you need to have a receipt for the same. The landlord or owner is responsible for the maintenance costs and is on the lookout for leases that try to mark the responsibility to the tenant.

When you are renting out an apartment check who is responsible for maintaining the common areas. You may interact with the other tenants who are already residing in this building to figure out more about the same. A point worth mentioning is that owners are known to employ more than a single property agent for letting out their home to create competition.

What are the documents that you need to provide?

You have to provide the agent or the landlord with copies of your passport along with the residency visa page. If you have not received your visa, it is common to start off the process when the application sets in. You need to provide a letter from the employee stating that the process is well on its way. It is suggest that you may require the chequebook to make an initial payment. This may turn out to be an initial mistake as without a visa you cannot open an account.

Before signing the contract- the things to be done

It is vital that you figure out the maintenance issues and ask the agent or landlord to resolve them before you sign into the property and move on to the same. Make sure that all the facilities are in the best of conditions. Make sure that you take pictures of the villa or the apartment when you move in as you need to return it back in the same condition when you hand it over.

A good landlord will ensure that the property is freshly paint before you move into the property. You are expect to do this when you leave the property. This same policy is applicable when you are exploring possibilities of apartments for sale in La Mer.

Is it possible to cancel the contract early?

If you are looking to leave the property, then the landlord is entitle to levy 2 months’ rent as penalty fees. In some cases, they are likely to waive the rent if you are able to find someone for the property. On social media platforms, you are likely to come advertising the property of the landlord. This turns out to be an effective way where you may cut off the real estate agents and end up saving commissions that you need to pay to them.

If you are not planning to renew your contract you need to give your landlord 90 days’ intimation about the same. This same logic would be applicable as 3 months’ notice is necessary if you are planning to leave the property.

The common form of mistakes that are made by new arrivals

A practice that is suggest is that you should not rent out to someone on a long-term basis so quickly. Make sure that you are staying and a commitment of a year or so would be enough. Take sufficient time to read through the tenancy contract and with a small print you need to be happy. A lot of people have gone on to sign the contracts in their home country and found out that they have been committed for a year.

You will be penalize when you break the terms. Another point to consider is that you should not be sharing apartments with anyone with whom you are not aware. A lot of people are not aware of the rules of sub-letting when it comes to rental property marketing in Dubai.

Any contract in this part of the world is not legal till it is register with Ejari. Which is the online regulatory real estate agency in Dubai. The process of registering can be done online it can be through their customer contact point in real parts of the city. The document is in place to assure you the rights as a tenant. A set of documents are necessary for you to complete the document.