Step-by-Step Guide for Tenancy Agreement in Dubai.
Dubai has a variety of places to rent, from seaside homes to gated villa communities and high-rise buildings. Our step by step guide will help you learn how to rent it.
Short-term rental(holiday home): No residency required.
Budget:Determine your rental budget.
Security deposit: Usually 5% of the annual rent for unfurnished or 10% for furnished properties.
Agency fee: Usually 5% to 8% of the rental value.
2. Timing and Property Search
Before moving in begin your property search 1- 2 months before. Such as:
Choose an area: With area tips shorten your list of choices as Dubai has more than 200 residential communities.
Property type: Based on your budget and needs, decide between villas, townhouses, apartments, and penthouses.
3. Work with a Property Consultant
Identify the property consultant who work in the places you want.
They will guide you through the available options that are out there and help choose the right area for you.
4. Making an Offer
Negotiate key terms with the landlord:
Rental price
Number of cheques
Contract start date
Deposit amount
Discuss additional conditions:
Talk about the other conditions like how you want the room to look, how the furniture will be set up and if you want to have pets etc discuss all these policies and important things.
5. Signing the Tenancy Contract
Once everyone agrees on the terms, sign the tenancy contract.
Both the tenant’s and the landlord's duties and rights are written out in the contract.
Dubai’s rental market is regulated by RERA (Real Estate Regulatory Agency).
6. Additional Costs and Regulations
Agency fee:Based on the agency, usually more than 4% to the 10% of the rent each year or a set rate applied
Security deposit: Typically for annual rent 3 to 4 percent rent applied for unfurnished and more than 8 percent is for furnished properties.
Law No. 26: If the landlord wants to evict the renters, then at least let them know one year in advance.
