In this blog, we will help you to rent an amazing apartment in Dubai like a professional real estate expert!
There are a number of properties for sale in Dubai, yet it is much simpler to rent a flat in Dubai. Before going for tenancy contracts in UAE, there are a number of factors to consider and many important things you should know. Let’s get into the finer details.
Long-Term & Short-Term Rentals in Dubai
Dubai provides services to thousands of tourists and expats from every part of the world. The city offers two rental options: long-term and short-term rentals. The short-term rentals can be divided into 3 categories: daily, weekly and monthly.
Short-term rentals are quite popular among tourists, for instancxe, when a tourist visits UAE they can decide which option to choose between daily and monthly short-term rentals in Dubai.
Long-term rentals are tenancy agreements for more than six months. In addition to that, Dubai’s long-term rentals have different stipulations like Ejari while short terms do not require any contract registration.
Moreover, the fundamental difference between long and short-term rentals in Dubai is that apartments or houses are predominantly furnished with utilities like water and electricity compensated within a rental amount. On the other hand, you can also find one year rentals, both furnished and unfurnished with utility charges paid separately.
Factors To Consider When Renting Property For a Long-Term Duration
Here are some of the key factors to consider when entering tenancy contracts in UAE for long durations:
- To start with, determine your budget. Knowing what you can afford will assist in eliminating certain options and save a lot of time.
- Location is important. Select somewhere near hospitals, malls, schools and offices especially for those without cars. It is also advisable to be close to public transportation stops.
- Look at the property yourself, in person. Look for any problems and ensure everything is in a good shape. Look at what amenities the building provides, such as a pool or gym because these facilities enhance your living experience.
- Know about the renting history of the landlord prior to your decision. This can offer an insight as to what to expect. When looking to rent a flat in Dubai, ask for a rental good conduct certificate to understand the nitty-gritties.
- For utility bills, ensure that you do not leave any unpaid statement of bills, as it could cause a problem during reviewing.
- In the case of renting with friends, make sure that you are aware of how it works and what rules concern such activity. It can prevent issues that may arise in the future and keep things simple.
- You need to be selective in roommates, especially with reference to rented rooms. Keep away from people with unpleasant habits, it will save you tons of hassle. And if you are sharing a rental with roommates, know the rules.
Pay A Visit
When people are looking for properties for sale in UAE, they often prefer to pay a visit to check the property out. However, when it comes to rentals, this step is often overlooked. This is a mistake.
As you explore potential rental properties, a really important step is to personally visit the property before making any decisions. This is because it allows you to assess the property’s condition and confirm that it aligns with your needs. Check for any maintenance issues and ensure that everything works as expected during your visit.
Here are a few additional tips that must be considered before you buy that amazing apartment in Dubai.
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Use RERA Rent Calculator:
Use the rent calculator offered by RERA (Real Estate Regulatory Agency) after your visit to the property in order to calculate average price. This tool licenses you to negotiate based on property conditions.
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Leverage Lease Valuation Certificate:
Take a RERA lease valuation certificate. In cooperation with the Dubai Land Department (DLD), this certificate indicates an approximate rental value. It is an invaluable help for both tenants and landlords to negotiate reasonable rental fees.
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Make an Offer:
Equipped with insights from the RERA rent calculator and a complete property walkthrough, it is time to make an offer. Make a deal with the landlord or property management company. The terms of how rent payment is to be done should be clear. Choose the frequency of your payment – is it bi-annually or quarterly, and does post dated checks suit you.
Reserve the Property:
In Dubai, it is customary to pay a security deposit before renting property. Take pictures of the premises in this state. This seemingly straightforward measure can contribute to the full security deposit’s refund. Moreover, demand the landlord’s ID copy and title deed to protect you from costly rental property fraud.
Tenancy Laws
Here are some laws related to tenancy contracts in UAE, that you must stay aware about:
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Discussing Tenancy Term:
During entering a lease agreement, especially when you rent a flat in Dubai, negotiating about the tenancy term with landlord is crucial. This includes determining the term of the lease and making sure that both parties are in agreement with their rental commitment.
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Rent Calculation and Increase:
As per RERA, the rent should be calculated via the RERA rent calculator. But landlords are allowed to increase rent charges up to 20% if the current value of residential housing is more than or equal to 40% less market price. It is therefore crucial to point out that the landlords are supposed to send a 90-day notice before increasing rentals.
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Early Exit Clause:
The tenants have a right to include an option for early termination in the lease agreement. This clause enables tenants to terminate the lease agreement prematurely if they are denied basic rights associated with renting a property. It serves as a safety measure and allows the tenants to terminate an agreement if their fundamental rights have not been met.
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Eviction Notice for Non-Compliance:
In accordance with tenancy laws, landlords have the right to issue a notice of eviction whenever dwellers fail on their financial responsibilities. This can include failure to pay rent and bills or destroying the property. The knowledge of these terms contributes to harmonious relationships between a landlord and tenant, contributing to the fulfillment of regulatory requirements.
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Thorough Review of Tenancy Contract:
Before signing a tenancy contract, whether you are an owner or someone who just wants the housing accommodation, careful reading through this document should be taken into consideration. This step makes sure that all the terms and conditions are clearly understood allowing little possibility of any future conflicts. Properly reviewing the document will help you make a considered choice.
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Ejari System Registration:
After signing the agreement, both landlord and tenant have to register this in Ejari system as approved by RERA. This formal registration is a significant step towards the legality and enforceability of contract between these parties. It works as a legal paper of the agreement and helps both parties to be protected.
DEWA
What is DEWA?
DEWA is the body that regulates your electricity and water utilities in Dubai. This is the body that ensures that your bulbs keep glowing and the taps continue running.
Why Register with DEWA?
As you shift into a new locality in Dubai, association with DEWA is critically important. It helps make sure that your house is set up for the basic necessities such as an internet connection and getting your mail delivered to you.
Requirements For a New DEWA Connection
For commencing your new DEWA connection, you need some documents. Here is a list of all the necessary documents you need to keep handy:
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DEWA Premises Number:
This number is corresponding to the residential address of your home in DEWA. It makes service providers understand where their services are required.
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Ejari Number:
Ejari helps make sure that the relationship between landlords and tenants is legally binding in the UAE. It is like an identification of your lease agreement. This is a number you will need to prove that you are renting a property in Dubai.
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A Copy of The Passport Of Your Landlord:
Your landlord’s copy of passport is a sort of their proof of identification. It informs DEWA on who owns the location that you are renting.
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Tenant’s Passport Copy & Emirates ID:
Your Passport Copy & Emirates ID are your DEWA ID numbers. They enable DEWA to identify you and make sure that it is you who is benefiting from these services and not someone else in your name.
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DEWA Form:
The DEWA form is similar to the documents you sign when joining any club. It provides DEWA with all the information they require to efficiently install your services.
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Security Deposit Payment:
Consider this as the deposit that you pay when renting. Placing a security deposit essentially says that you are committed to using these services and it helps offset expenses if you fail to pay your bills.