Dubai is a great spot for tourists, workers and business people alike. With its enormous economic potential and extravagant tourist attraction Dubai has people swarming in from all over the world. From luxury living to affordable homes Dubai has something in store for everyone.
With this influx of people and Dubai’s dynamic real estate outlook, it can be a struggle for first-time renters to find the best deals that fulfill their requirements. If you are among those people then this article will provide you tips for renting in Dubai like a pro.
Proper guidance and understanding of Dubai’s real estate industry can help simplify the renting process by a lot and also save you time and money.
10 Best Tips for Renting in Dubai Like a Pro
Dubai is a city where you can have the best time of your life as a tourist. However, if you don’t have a nice place to stay all the fun will go down the drain. You must know how to rent properly in order to find the best place in Dubai. Following are some tips for renting in Dubai like a pro that can help you navigate Dubai’s rental market.
Start ASAP
Being in a time crunch is not considered ideal when finding a new place to move in or rent. Hurrying important decisions like these generally equates to getting less than optimal results and does not leave much for a buyer to bargain with. Such decisions are better made with time on your side.
Ideally one should start their search at least a month before they are planning to move in. If you weren’t considering this, note it down now among the top tips for renting in Dubai like a pro. This helps the buyer to enhance their bargaining power and usually helps them get a better deal.
Having time in your hands is vital to find a place that suits you the best. Plus having more time helps you not to make an impulse buying decision that could potentially turn out worse. To have time on your side by starting early in your search is one of the best tips for renting in Dubai, someone could give you.
Finalize Budget
It is important to settle on a budget that is most suitable for you in terms of sustainability and managing a lifestyle you prefer. While finalizing a budget it is important for you to consider what the average rent is in Dubai, especially the neighborhood you are most inclined to rent a place in.
You must also consider your lifestyle preferences while settling on a budget, and if your income is adequate for sustaining that specific lifestyle inclusive of the rental expense you are going to incur.
Choosing between luxurious apartments or affordable apartments in Dubai ones can be tiring, but this can be streamlined by an initial allocation of a budget. Setting a budget can also prevent overspending and find a place best suitable for you, making it a formidable point among the best tips for renting in Dubai like a pro.
Location Means Everything
Your convenience should be your priority when looking for a place to rent. The location of the place where you want to move to plays an important role in adding to your convenience. A convenient location is one where you have everything you need nearest to you. One cannot spend most of their time commuting from one place to the other.
Plus a convenient location is one that has places like supermarkets, schools, and recreational spots at the nearest. Having shorter commutes leaves time that you can spend on yourself, with family, hanging out, working on yourself, following a hobby or a passion project, or just unwind.
The location also helps in determining how much rent is and can help decide on something that suits you and comes within your particular budget. Finding a formidable location is also one of the best tips for renting in Dubai like a pro.
Lucky for you property management companies like Zingo Smart Stay have properties listed all over Dubai in premier locations that you can rent.
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Choose a Real Estate Partner Wisely
It is important to have someone, who is familiar with the real estate industry of a particular region or a city, looking out for you and helping you in finding a suitable place. Hiring the right agent can help you navigate through the real estate market smoothly. Having a competent agent has its perks, for example, A good agent can help you find a good place at the best price and give you tips for renting in Dubai like a pro.
A good agent frees you from the hassle of dealing with landlords and tedious paperwork. A competent agent streamlines your move-in and helps you through every aspect of renting a place. Having a good agent saves you time that you could add to your leisure and convenience, making you more productive.
Although hiring an agent could cost you more than the average rent in Dubai, for what it entails, it is well worth it.
Select Amenities You Need
Amenities are what make a place liveable. The requirements of amenities are highly subjective and tend to vary from person to person. It is important to choose a place that is most suitable for being equipped with all the amenities you require.
Usually, the extra amenities considered by people include the place being pet friendly, the place having a shared swimming pool or not, the place having a shared gym or not, the living space being baby-proof, etc.
Amenities are something that make it convenient for someone to live and should be weighed heavily when looking for a place to rent in Dubai. It should be considered among the best tips for renting in Dubai like a pro because this way you get the most out of the place you will be living in.
Double Check Listings and Reviews
It is important to diligently go through ad listings and not just skim over them. Going through the ad is one of the primary screening activities and gives you a picture of how the rental is going to be. Going through various listings also gives you an idea of the average rent in Dubai at that particular time for the specific type of place you are looking to rent.
On that ad listing, you can also find reviews people have given regarding the property and the owner. Both of these aspects should be considered before moving forward with the move-in. Reviews given by people on a particular property can sometimes give you a glimpse of what your experience is going to be like.
These reviews also provide detail on the characteristics of the property which can help immensely with your decision, making it one of the premier tips for renting in Dubai like a pro.
Looking for Property for Rent in Dubai?
Explore the best rental options and find your perfect holiday home today!
Understand Rental Laws
Dubai is highly ranked in terms of its law and order situation. Dubai has comprehensively stipulated laws regarding rental properties that assign responsibilities to tenants and property owners alike. It is very important for tenants to have an insight into the laws stipulated for them.
Having the knowledge of rental laws gives you leverage over property owners and can help you bargain for a favorable agreement. This knowledge also helps you know what you’re entitled to, what rights you have, and what you are responsible for. Going through the rental laws can also give you an idea if you’re being overcharged or not keeping your rent within the average rent in Dubai.
Create Your Own List
Now that you have gone through most of the process you might have come across some properties that suit you and can cater to you fully. After this, you now need to screen out the properties or offerings that fit you best. Screening out also helps you cut down coats as you don’t have to visit every property.
You just go through with the due diligence on some of the properties that fulfill your requirements. This screening also helps save time, giving you more time to be more productive. Screening out between a bunch of properties is advisable and one of the best tips for renting in Dubai like a pro.
Haggle Your Way to Discounts
It is necessary to have an eye on how much the average rent is in Dubai City in order to get value for the money you pay. This insight into the rental cost structures can help you negotiate with the property owner and get a good price that provides the best value.
Getting a good deal out of a thorough negotiation can help you save money which you can then reinvest in better things like utilities, groceries, leisure, and much more. We are not just giving you tips for renting in Dubai like a pro, we also help you save money.
Reviewing Contract
Before you make the transaction and move into your new place it is mandatory that you go over the contract with a keen eye. Whether you want to sign the contract as is or make any changes to any of the clauses it is important that you have a grip on the contract as well as on the laws that govern that agreement.
It is important that you go through every clause of the rental agreement diligently. Every clause regarding the duration of the stay, payment schedules, maintenance responsibilities, utilities, etc should be paid adequate attention to.
The Tenancy contract should also outline the property owner’s responsibilities. Based on how much the rent is in Dubai it is necessary that you make the most out of your money through a sensibly written contract. Revisiting the contract is one of the best tips for renting in Dubai like a pro.
Conclusion
Thorough research and a detailed view of the trends surrounding the rental landscape are very important in order to navigate through Dubai’s real estate industry and score good deals in terms of rentals.
Prioritizing one’s requirements, haggling with the property owners, and reviewing contracts along with other key considerations mentioned above play an important role in navigating through the difficult rental terrain of Dubai. These tips for renting in Dubai like a pro can help any tenant find a place that best suits them.
Frequently Asked Questions
What should I consider when renting for the first time in Dubai?
Some tips for renting in Dubai like a pro are location, the rental laws, knowing how to negotiate, reviewing contracts, prioritizing your requirements, etc.
What are some good places to rent in Dubai?
Following are some of the best places to rent in Dubai:
Jumeirah Village Circle (JVC)
Downtown Dubai
DAMAC Hills
Dubai Marina, etc
What is the average rent in Dubai?
Average Annual Rent of a studio apartment: AED 30000 to 50000
Annual average Rent of a 2 BHK apartment in Dubai: AED 80000 to 100000
Annual Average Rent of a 4 BHK apartment in Dubai: AED 200000 to 265000
Are there restrictions on renting a home in Dubai?
There are no such restrictions except if you have a criminal record or are a minor.