Rules for renting property in Dubai

Rental housing in Dubai is the best option for foreigners who are going to stay in the UAE for a while. An excellent option for those who come for a short stay or plan to explore the city before buying a property. The rapidly developing city has become the financial and economic center of the country, in which more than 80% of the inhabitants are foreigners. Although the price of renting an apartment in Dubai depends on a number of factors, the cost is still 20-30% lower than in metropolitan areas like London, Hong Kong or New York. In tandem with tax incentives, this attracts not only tourists, but also expats. So how can a non-resident rent property in Dubai? UAE Assets experts will tell you how to choose the best option and what aspects to pay attention to when choosing rental housing in the UAE.

Finding Property in Dubai for Rent

To meet the demand for housing, Dubai has created a variety of residential complexes that can offer several types of properties. Local and foreign residents prefer to rent a property in this emirate, as the city offers easy access to modern amenities, developed infrastructure and economy. How to rent a house in Dubai? First you need to find out which area will be the most optimal. It is worth focusing on the location of the workplace, as well as the budget and personal requests.

If a residential property is selected, we recommend that you visit this place at different times of the day to observe the noise level, traffic intensity and other important details. The highest prices for real estate are concentrated in tourist areas located near the sea and the main attractions. It is also worth considering that rental prices rise from October to April, by almost 20-30%. From May to August, the cost goes down, and in the summer you can rent houses at the lowest prices for the entire season.

The cost of renting an apartment in Dubai varies depending on several variables and the first one is the segment. The price of budget and premium real estate varies greatly. In addition, the cost is affected by the number of rooms, the size of housing, the availability of furniture and finishes, as well as the location and area. The cost of renting housing in Dubai is indicated on the websites for the year, which is determined by the contract for the rental of residential premises. If you need to find out the cost of renting housing in the UAE, then the annual payment must be divided by 12 months. The rent here is paid according to a certain scheme: once a year, once every 6 months and once a quarter.

Registration of a real estate lease agreement in the UAE

All long-term lease agreements are mandatory registered in the unified Ejari registration system. The document must be registered within one month from the date of conclusion of the contract. Official registration guarantees protection to both parties in case of disputes. To register a document, you can use the website or the Dubai REST Application.

Registration fees are paid by the tenant:

• in official centers - 220 dirhams (60 US dollars);
• via government website or Dubai REST Application - dirham (48 US dollars).

List of documents required for registration in Ejari:

• Original tenancy contract
• Copies of passport, visa and identity card (Emirates ID), license or power of attorney (if any) of the tenant
• Copies of the owner's ID
• A copy of the certificate of registration of the object and the layout of the premises
• Letter from the landlord with the meter number (if there are common electricity meters)

It is the tenant who is responsible for registering the contract and obtaining the Ejari certificate. It is worth remembering that this document will confirm the actual place of residence in the Emirates if the tenant wants to obtain a residence permit.

What you need to know about renting apartments in Dubai?

Renting a home in the UAE involves the mandatory conclusion of an agreement. Before signing the document, you need to discuss with the landlord the requirements that do not suit you, since after the conclusion of the contract they will have to be fulfilled. Although there are exceptions in which housing is rented for 3-6 months, a standard contract is concluded for at least a year. If you are interested in long-term rental apartments in Dubai, you can try to conclude a contract with a fixed fee for 3 years or more. This will significantly save money, as the rent for housing is growing every year.

The standard contract describes the payment, all obligations of the landlord and tenant, as well as a penalty in case of early termination of the contract. When renting a property in Dubai, the tenant pays a deposit, which will be returned upon leaving the property. The amount of the deposit must be specified in the contract. All agreements with the landlord must be recorded in writing, since in the event of a dispute, oral agreements will not be accepted as evidence.

It is important to remember the following points:

• Lease agreement - a binding document drawn up between the tenant and the landlord when renting housing. It contains the terms of the lease, the cost and information about the property. It must be registered in the EJARI system;
• Payment of utility bills - they are paid by the tenant. The landlord is responsible for such payments as security, cleaning, etc.;
• Departure from the object - if the tenant is going to move out, he must notify the landlord at least 3 months before the exit;
• Rent is paid approximately once every three months. But you can try to negotiate a more convenient frequency of payments.

The best options sell out very quickly, so you should not hesitate with the option you like. If you don’t have time to look for the best areas to rent a house in Dubai, then you should entrust this to UAE Assets. Experienced specialists will easily select housing that meets all the wishes and requests. To contact us, use the contact phone number or fill out the feedback form - we will call you back as soon as possible.