Renting properties in Dubai can quickly become confusing, complex and overwhelming. There are lots of renting options in Dubai and it can be tricky to know the best renting opportunity that suits your needs, there are new listings going live every minute of everyday so if you want to get into the renting property market in Dubai you need the help of an expert to offer advice and guidance, ensuring your property renting decisions in Dubai are the best for you.
Here at Layan Real Estate Brokers we will make life easier for you, we can help you get through the tangle of different areas, different projects, different properties and the different features within properties that will best suit your needs. We will help you find the dream home in Dubai that your heart desires. We have listed a simplified Renting Guide and Renting Process below to help you and give you a head start on renting properties in Dubai.
Tenant’s Guide
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Any person, or company with Valid Documents.
Individual
- Valid Passport.
- UAE residence visa.
- Emirates ID.
- Current bank account.
- Personal cheque book.
Company
- Valid Trade License.
- Passport of the owner of the Company.
- Power of Attorney of the signatory.
- Passport of tenant.
- Residency of tenant.
Tenancy contracts can be for 3 months period, 6 months period, or one year period with options to renew “last is the most common”.
Payments are usually in the form of cheques (personal or company) from a local bank account. The amount of cheques would vary as agreed with landlord. It can be full lump sum in one cheque or whether he agrees to 2, 3 or 4 cheques. in case of multiple cheques, first payment can be in the form of cash as well. All remaining cheques must be postdated and presented upon signing the Tenancy Agreement. A 5% security deposit of the annual rent amount for unfurnished properties and 10% for fully furnished or upgraded properties is required and will be held by the Landlord.
The following fees are to be expected when renting a property in Dubai:
- 5% municipality fees of the rent term amount will be divided monthly and shown in your monthly electricity bill.
- Agency fees of 5% of the tenancy contract is charged by Layan Real Estate Brokers.
- Ejari registration fee of AED 200.00 paid to “RERA” Real Estate Regulatory Authority. “arranged without additional charges by Layan Real Estate Brokers”.
- Dubai Electricity and Water Authority “DEWA” Security Deposit of AED 2,000.00 and connection fees of AED 110.00 “arranged without additional charges by Layan Real Estate Brokers”.
- District Cooling Security Deposit of AED 2,000 for the properties placed within a free hold areas “arranged without additional charges by Layan Real Estate Brokers”.
- Internet packages and satellite TV fees are subject to the service provider and selected packages.
Sub-letting rented property is strictly against UAE’s laws.
As agreed in contract. Otherwise, it is required to have a written permission from Landlord before you make any fixtures such as drilling on bathroom tiles.
As per the Index of RERA “Real Estate Regulatory Authority”, landlords are allowed to increase rent upon the first renewal as long as it lies within the rent increase criteria specified by RERA in the rent increase calculator.
Renting Process
Get your documents ready and contact Layan Real Estate Brokers to furnish our experience in assisting you selecting your next home:
- Determine which area or development in Dubai is best suited to meet your needs being proximity to your work place, children’s school, open beach, facilities. This will help narrow down your search scope.
- Contact Layan Real Estate Brokers to be assured of world-class services from our team of professional, knowledgeable and experienced agents. we shall spare no efforts to reach your goals.
- Decide what’s your budget scope for your rent. Some landlords prefer to be paid in (one cheque). Layan Real Estate agents can help you negotiate with the landlord should you require to pay in 2,3 or 4 cheques.
- Our agents will arrange for several viewings based on your feedback. you’ll be shown several properties to have options to choose from. It’s important to take notes to make comparisons.
- Time is of the essence when it comes to renting property in Dubai. To avoid disappointment, we will advise you to make a decision as soon as possible and make an offer. Once a rental price and payment terms are agreed upon, you need to finalize with the landlord the moving in date. Layan Real Estate Brokers will guide you through every step of the process.
- Layan Real Estate will then begin preparing a rental agreement. Don’t forget to prepare the documents required on your part to ensure a smooth process.
- Once the contracts have been signed by both parties and all the paperwork has been finalized, Layan Real Estate Brokers will arrange for you Ejari and Utilities’ connection.
- Congratulations! You are now a resident in Dubai. Thank you for choosing Layan Real Estate Brokers to help saving your time and efforts. Please do not hesitate to contact us should you require any further assistance.