Top tips for renting apartments in Dubai
Dubai is not only breathtakingly beautiful, it is also an emirate or political territory under the federation of the United Arab Emirates (UAE). In Dubai, the economy is flourishing and has become a service and tourism oriented land. With this in mind, many people move to Dubai and with such an influx of inhabitants, it has truly become a landlord's money station. In fact, in Dubai, property prices are at a record high.
The demand for apartments has increased since 2013 and is one of the strongest years for homeowners. About 70% of the city's more than 2 million residents are tenants, and in the past 6 months, rental rates have increased by 13%! With this in mind, people trying to find an apartment in Dubai should be very careful. They must be smart, smart, and fast to avoid incredible one-year up-front payments and early eviction lawsuits, and to secure a home in such a populated place. In this article, we will give you 3 tips for renting apartments in Dubai and not succumb to these problems.
1. About rental rates
The first thing to keep in mind is that it is an owners market. As noted above, some landlords require a one-year advance rental payment or a minimum of 2 checks. With the market starting to correct itself, more homeowners have become susceptible to 4 or 6, though it's not impossible to ask and get approved for monthly payments. Homeowners main concern is bad checks so you can prove your checks are good; you may be able to get friendlier terms. However, you should expect a slightly higher rate for the new payment scheme.
Dubai has a rental limit on all rental properties. This rental limit is reviewed every 3 months. Always check the maximum rental rate allowed for the apartment you want to rent before signing any rental agreement. This rental calculator also indicates the maximum increase allowed by the owner for the renewal of the rental agreement. Also, rental rates cannot be increased without prior notice 90 days before the end of the lease. You should also add a clause that the increase will depend on the rental rate calculator at the end of the lease and not the rate 90 days before.
2. Doubtful rates
Second, you need to be mindful of dubious rates. Sometimes real estate agents demand to charge to see an apartment. This is neither normal nor legal. The best thing you can do is walk away because it seems unreasonable considering the fact that you will pay them a commission if you decide to rent the apartment. In fact, the local Real Estate Regulatory Agency would not recommend this type of fee.
3. Dispute handling
Finally, there is an arbitration center for rental disputes between the owner and the tenant. It is called the Rental Dispute Resolution Center and is located in the Department of Lands. However, keep in mind that the process is tedious and you will have to pay a percentage of your annual rent as a service fee. That said, in many cases the center tends to sympathize with the tenant side as long as there is no breach of contract and everything is fully documented.
There are many benefits to choosing a furnished apartment when you travel. Whether it's a short trip to visit the family or a long-term business trip, you can benefit from choosing a furnished apartment instead of a hotel. Many people, especially those who do not travel frequently, are unaware that a furnished suite is available and generally cheaper than choosing a hotel.
Savings costs aren't the only reasons you can choose an apartment over a hotel, especially a furnished one. You have everything you need right there and it will help you feel more at home than in a serviced apartments in Dubai. It can also be a good option if you are traveling with a large family or with several people.
Here are other benefits to choosing a furnished condo:
More comfortable: Most people find a furnished apartment to feel much more like a home away from home than a hotel. You can feel comfortable in this apartment no matter how long you stay. A hotel may start to feel tight, stressful, or just uncomfortable, but a furnished apartment will have most of the things you have in your home, making it more comfortable while you're there.
Save money: You can generally save money when you stay in a furnished apartment, especially if your stay will be longer. Hotels can be very expensive. The better the hotel, the more you can expect to pay per night. While some hotels offer extended stay deals that help you save money, it will generally not be as much of a savings as choosing an equal furnished rental.
Cooking and Eating Indoors Another benefit (and also another way to save money) is to cook and eat while staying in a furnished apartment. Some hotels try to make this possible with mini-fridges and microwaves, but it's not the same. A fully furnished apartment will have everything you need to store, prepare and enjoy meals in your room.
When choosing the right apartment for you, it's worth taking some time to shop around and see the different benefits and amenities each offers. You also want to research the location and find out what's nearby that may be helpful to you with your stay.
For example, if your trip is on vacation, is the apartment you are looking at close to things you want to see, places you want to visit, or other tourist attractions? This could be a great benefit when choosing that apartment.