Planning to rent a property in Dubai UAE, can be a daunting task, especially if you are new to the city and the process. However, with proper planning and understanding of the requirements, you can make the process much smoother. Here are some helpful steps to plan your tenancy in Dubai and the documents you will need.
Determine Your Budget: It’s important to determine your budget before you start looking for properties in Dubai. There’s a wide range of properties available at varying prices, so it’s important to be realistic about what you can afford. Remember to include the cost of a security deposit, agency fees, Ejari and Dewa registration into your budget as well.
Choose Your Location: Dubai is a large city with many different neighborhoods. Consider the location that is most convenient for you in terms of work, school, and other activities. Each neighborhood has its own charm and amenities, so take your time to research and choose the one that best fits your needs.
Start Your Search: After you have decided on your budget and preferred location, you can begin your search for a suitable property. There are numerous websites and real estate agencies that can assist you in finding the perfect property. It is highly recommended to hire a real estate agent to guide you through the process and make it simpler for you.
View Properties: Once you have a shortlist of properties that match your requirements, schedule viewings. Take your time to inspect each property thoroughly and ask questions about any concerns you may have.
Finalize the Tenancy: After you have found the perfect property, you will need to sign a tenancy agreement with your landlord. This agreement states all the terms and conditions of your tenancy, so you should read and understand it thoroughly before signing it. Once you have signed the agreement, you must register it with Ejari, which is a legally binding contract between you and your landlord. After that, you should register with DEWA and other utility services.
Documents Required:
– Passport Copy of the Tenant & Landlord
– Visa Copy of the Tenant & Landlord
– Emirates ID Copy of the Tenant & Landlord
If there is a company involved ask for the company documents and signing person KYC and if there is POA, copy of a POA and signing person KYC is also needed.
Cost to Consider when Renting in Dubai UAE
Security Deposit: You will need to pay a security deposit, which is 5% of the rent value in terms of an unfurnished apartment or a villa and 10% of the rent value in terms of a furnished apartment or villa or as mutually agreed.
Agency Fees: If you are using a real estate agency, you will need to pay agency fees, which are usually 5% of the annual rent with 5% VAT.
In conclusion, planning your tenancy in Dubai requires careful consideration and understanding of the requirements. By following the steps above and ensuring you have all the necessary documents, you can make the process much smoother and find the perfect property for your needs. Consult with 4C Homes team to assist you with any questions or any assistance in rent in UAE.
If you are interested in buying Off-Plan Or Ready properties in Dubai, 4C Homes can help. Contact our team of real estate agents today and we’ll be happy to assist you with any questions and requirements you may have. We also have an in-house mortgage team that can help you with all your mortgage needs. don’t forget to follow us on facebook, linkedin, and instagram to stay updated with the latest developments in the industry.