By Arthur David Thus, the job of searching for the proper dwelling to make it home after moving to Dubai can be inspiring and challenging at the same time. Thus, even if there are numerous such assets in the city it may be difficult to arrange a coherent transfer which requires the identification of the exact demand for the particular resources as well as the costs involved.
First of all, one should distinguish his/her budget for the trip and get to know how Dubai has its own system of payment. Unlike with most places, rent is usually paid in advance with the rents being accompanied by post-dated checks for the rent period covered by the lease. The checks can be from one to twelve, although generally the number of checks, is less than it indicates relatively superior marginal terms.
Also, ensure that you provide passport copies, a copy of any residence visa if granted, both sides of your Emirates ID, and a checkbook.
There are however other costs which a client may encounter apart from the rent each month while renting property in Dubai. The main ones are broken down as follows: The main ones are broken down as follows:
Ejari costs: AED 220 is the mandatory registration fee which will ensure that your tenancy is well noted.
Security deposit: A holding cost usually in the form of a security deposit ranges from 5 – 10% of the yearly rent demanded by landlords and is recoverable provided one meets contractual obligations at the expiry of the lease period.
Moving fees: You should incorporate this price in your budget as they are measured by the size of the move and the distance covered.
Agency fee: You need to set aside an amount of money that most frequently ranges from 5% to 8% of the first year’s rent in case you hire an agent for real estate. This amount goes to them in terms of searching for productive rental units, negotiating the lease terms on your behalf and also providing legal support on the tenancy agreement forms.
DEWA Fees: To be able to use the utilities in your new property, for the villa, it is necessary to pay a refundable deposit of AED 4, 000 and for the apartment – AED 2, 000; moreover, there is a connection charge, non-refundable which is AED 130.
Finding Your Ideal Property
Finding the Ideal property to buy in Dubai includes more than stunning appearances; one must also find a house that meets his or her lifestyle. Some of the things to consider include the preferred neighborhood, the type of home including villa, apartment, or whatever, the location to necessities, the option of a job, and the link to means of transport.
When the procedure is made with the help of a real estate agent, the process can be shortened significantly. They can guide you as to where you stand when it comes to the legalities of tenancy, your budget, and searching for homes. A good agency will also ensure that the landlord has also undergone thorough screening, giving you added safety and information sharing on matters concerning tenancy laws and practices within the area.
Do not neglect the use of online reviews and the question that who manages the property. While there are some landlords who are very much involved in all aspects of letting, there are certain benefits that are associated with having a recognized property expert.
Exploring Properties and Avoiding Pitfalls
Ask your agent to schedule open house showing of the few properties that you have identified as your favorites. They will help you in making the right decision as it relates to the benefits as well as drawback to a given decision.
One should avoid the act of using the same property with more than one broker at any given period. They may also increase the rental price as it creates an impression that many people want the houses through creating the impression of high demand.
Negotiating the Lease and Signing the Contract
Evaluating is the next stage as soon as a person has identified the right home; making an offer is the next thing to be done. During this process, the renter and the landlord bargain with each other and your agent is in the middle. Any variations in the aspects of the rental price, the number of checks, the start and end of the contract, and the deposit amount will be part of a negotiation. It may be possible that there might be many other terms related to furnishing, garden usage, pets, and decoration. One has to remember that if you select a smaller number of checks, your landlord may be willing to decrease the general rental amount, providing you with more payment versatility.
Signing the Contracts
After this, the tenancy agreements are so signed by the respective parties. This thus depicts a compliance to the said conditions indicated on the contract. Now it’s time for the renter to deposit the rent checks as described by the characteristics highlighted above in addition to the agreed agency commission. In case of clear checks or cash received then the keys and access cards are then given out to the occupants. A signed copy is kept by the attorney for the business while the business also gets a copy to keep in their files.
