Dubai Rental Information
The rental property in Dubai and UAE is a rapidly expanding business. Investors can expect almost a 30% or more return on any property. Dubai is one of the few Arabian states open to the West in terms of culture and social integration and secure in terms of political and economic environments.
Dubai is especially attractive for people who are thinking of settling outside their home country in Europe, South Africa or South East Asia. The sunny weather, the exchange rate and the completely cosmopolitan nature of the state is something that is found in few other countries.
Dubai is developing into a nation that is the epitome of globalization. Though a Middle Eastern country, Dubai lacks the formality, conventions and traditional flavors found in the Arab region. Dubai, has reinvented itself to suit the needs of all cultures and conventions. It is a commercial region where the real estate, the property and the investments are being created to cater to a universal regime.
The open nature of the society in Dubai makes it a haven for people who want to retire, relocate their families in a more successful manner and/or are simply looking for a secure return on their money. Dubai is a lively place, which has people from all religions, open to various entertainment factions, has excellent education and healthcare facilities and is overall a place where living is dream.
Some of the most popular Dubai rental real estate and property projects include:
- Jumeirah Beach Residence
- Business Bay
- The Executive Towers
- Dubai Marina
- Emirates Living
- Palm Jumierah
- Downtown Burj Dubai
- Jumierah Lake Towers
- Arabian Ranches
- Jumeirah Village Circle
- Jumeirah Village Triangle
- Discovery Gardens
- International City
The basic monthly rent is an obvious cost, but many less-visible costs add up as well. Don’t forget to consider the following when looking for your Dubai apartments or villas:
- Are utilities, such as heat, electricity, water, cable television and Internet connection included? If not, these costs may come as an unwelcome surprise. Find out which utility companies provide services to that building and contact each company to see if it can provide an average monthly cost for the rental location. The exact usage will vary from tenant to tenant and costs fluctuate, but these estimates will give you a good idea of what to expect as monthly fees.
- Don’t forget to estimate the cost of extras such as laundry and parking, where these have not been included.
- What about transportation costs? Will your monthly travel costs increase, decrease or remain about the same at this new location?
- You may need to provide your own appliances. If you have to purchase or rent these, include them into the total cost of renting.
- Is any form of provincial/territorial rent control in place? If not, what are the landlord’s plans for future rent increases?
- Are there enough bedrooms?
Identify Your Needs
Once you have identified what you’re looking for, you’re ready to start searching. You can use many ways to find a place to rent your perfect Dubai property, but some may not be obvious to the inexperienced or first time investors. The following lists outline general and online sources that can help you find an ideal rental.
General Sources:
- Navi Real Estate for your Dubai and UAE property
- Newspapers servicing your search area, including free ethnic papers and community papers.
- Free publications, often found in local retail stores, which publish rental accommodation ads.
- Check bulletin board postings at libraries, community centre’s, grocery stores, laundry mats and places of worship.
- Word of mouth.
- For students, campus housing offices.
- Visiting neighborhood with for rent/for lease signs might catch your eye; when you spot a vacancy sign at an apartment building, drop in and talk to the superintendent or the property manager.
- Some community organizations offer housing assistance and settlement services call Navi Real Estate and we will provide you with those communities.
On-line Sources:
- Navi Real Estate website
- Internet mail lists.
- Electronic bulletin board postings.
- Specialized Dubai apartment listing Web sites.
- Web sites of daily newspapers.
- Regional web sites.
