It's no secret that the United Arab Emirates are an attractive country for people from all over the world. The high security, safety, and luxurious lifestyle provides all types of people with everything they need. Renting is always a hassle, which is why we decided to make a step-by-step guide in order to help al the readers who plan on making the big step and buying a one-way ticket to Dubai.
First and foremost, plan ahead and shortlist your requirements. The rental process can be quite tricky for those who are unprepared. Research, viewing and negotiations can be completed correctly if you plan what you're looking for and have the right market update through a reputable agent. Sit down and brainstorm , make a list of all the facilities and features you want in your new home. This will help save time and energy, and you can use your preferences to shortlist suitable spaces for you.
The next crucial step is setting a budget. Open budgets most often lead to a waste of time. Your home begins to take shape once you've looked over your finances and decided how much you're able to spend on your little cocoon. Don't forget to factor in the letting agent fee, the security deposit, the deposit to get connected to the Dubai Electricity and Water Authority (DEWA),and the Dubai Municipality fee.
Pay close attention to the community and location. Check if the area is child friendly if you have a family, how close the supermarkets and restaurants are, if it's pet friendly in case you have a furry friend of your own. All these things matter because they make your life more convenient.
Be aware that there are many real estate scams out there. Facebook listings are definitely not reliable, and you need to make sure to reach out to only licensed real estate agencies. Also, don't hesitate to ask for the real estate agent's license before handing over any money in order to avoid getting duped.
Negotiation. Dubai's real estate market hasn't been flourishing in the past 2 quarters which future tenants can use in order to get themselves a better deal.
Before signing a contract, inspect the property. Pest infestations, mould, broken things are around the house are all extra costs. You need to take a good look around the place, top to bottom, and decide if the home meets your requirements.
Don't even think about not reading the contract. The contract is pretty much the key to your satisfaction and happiness in your new home. A reliable brokerage will ensure that both parties are satisfied and protected through the terms of the contract. Read the papers fully in order to know your responsibilities when and if you decide to leave the property. Also, read the fine print to make sure that there are no special requirements mentioned in the contract.