It’s important to thoroughly review the tenancy agreement before you sign it, and to be familiar with the laws and regulations governing rental properties in Dubai. A real estate agent can assist you with this process and ensure that everything is in order. Check the available properties in dubai.
Renting a property in Dubai can be a straightforward process if you follow these steps:
Determine your budget and preferences: Before you start your search, it’s important to know how much you can afford to pay in rent and what type of property you are looking for.
Search for properties: There are several ways to find rental properties in Dubai, including online property listing websites, local newspapers, and real estate agents. You can also ask for recommendations from friends and family.
Schedule viewings: Once you have found a few properties that meet your requirements, you can schedule viewings with the landlord or real estate agent.
Submit an application: If you find a property that you want to rent, you will need to submit a rental application, which will usually include your personal and financial information, as well as proof of income and employment.
Sign the tenancy agreement: If your rental application is approved, you will be required to sign a tenancy agreement, which is a legally binding contract between you and the landlord.
Pay the security deposit and rent: Before you can move into the property, you will need to pay a security deposit, which is typically equivalent to one or two months’ rent, and the first month’s rent in advance.
Move in: Once all the necessary payments have been made, you can move into the property and start enjoying your new home in Dubai.
1. Property Finder
When renting a property in Dubai, you will typically need to pay the following fees:
Rent: This is the monthly payment you make to the landlord in exchange for the use of the property. The amount of rent you pay will depend on the location, size, and type of the property you are renting.
Security deposit: This is a one-time payment that is typically equivalent to one or two months’ rent and is paid at the beginning of the tenancy. The security deposit is held by the landlord and is returned at the end of the tenancy if the property is returned in good condition.
Agency fee: If you use a real estate agent to help you find a rental property, you will typically be required to pay an agency fee. This fee is usually equivalent to 5% of the annual rent and is paid at the time of signing the tenancy agreement.
Ejari fee: This is a fee charged by the Dubai Land Department to register your tenancy agreement. The fee is typically AED 220 and is paid online through the Ejari website.
Utilities: You will also be responsible for paying for utilities, such as water, electricity, and gas. The cost of utilities will depend on your usage and will typically be billed separately from the rent.
It’s important to note that these fees can vary depending on the landlord, the property, and the location, so it’s important to carefully review the tenancy agreement and understand the terms and conditions before you sign.