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Tenants Guide

Becoming a Dubai Landlord: A Lucrative Opportunity

With the rapid surge in rental transactions during 2023 and the soaring demand for rental properties, the landscape in Dubai presents an excellent opportunity for aspiring landlords from around the world.

Dubai’s Booming Rental Market

In January 2023, Dubai witnessed a staggering 51,000 real estate rental transactions, evenly split between new and renewal contracts, making it the most promising start for the real estate sector. If you already own a property in Dubai or are considering a purchase, becoming a landlord can be a lucrative opportunity to generate extra income in this vibrant city. However, before embarking on this journey, let us guide you through the process and help you make informed decisions for a successful venture.

Short-Term vs. Long-Term Rentals

Deciding between short-term and long-term rentals requires careful consideration of factors such as property type, location, management processes, terms of each approach, and the time commitment involved. Understanding these aspects will help you choose the most suitable rental strategy that aligns with your goals and preferences.

Understanding Rental Approaches: Short-Term vs. Long-Term Leasing

Our comprehensive article delves into the current market insights, benefits of both short-term and long-term rental approaches, and offers useful recommendations to help you make the most informed decision for your rental property.

Determining Rent Prices in Dubai

In Dubai, neither the landlord nor the agent has the authority to arbitrarily set the rent price. While you are free to discuss your desired price with your agent, the final rent price is always dictated by the prevailing market conditions.

As your trusted real estate agency, we provide honest advice based on the current market rate. Our recommendations are always backed by factual data and our extensive experience in the field. When calculating the appropriate rent for your property, we take into account various factors such as the current market trends, demand levels, availability, property condition, location, layout, size, upgrades, and amenities. Rest assured, our goal is to help you set a competitive and fair rent price that attracts potential tenants and ensures a successful rental experience.

Rental Timeline in Dubai

The time it takes to find a tenant for your property in Dubai can vary depending on several market factors such as location, stock availability, and demand levels. If your property is priced competitively, you have a higher chance of securing a tenant quickly compared to a property with a higher rental cost.

Location and demand also play a crucial role in determining the speed and price at which your property is rented. Properties in popular tourist areas like Dubai Marina or Downtown Dubai might take longer to find long-term tenants due to competition from similar units.

On the other hand, villa communities with unique floor plans, like Jumeirah Golf Estates, may experience higher demand and secure tenants more swiftly. In the end, the rental process duration can vary significantly; it could take as little as one day or up to three months.

If your property has been on the market for an extended period without finding a tenant, we recommend seeking personalized advice and better market exposure from our experienced property consultants. With their ongoing support, you can optimize your rental process.

Required Documentation

To rent out your property as a UAE resident, you will need to provide the Title Deed, your passport or Emirates ID, and a signed Form A, which will be provided by your agent.

Non-residents of Dubai can also own and rent out a property. In this case, you only need to provide a copy of your passport for identification purposes.

If a Power of Attorney (POA) is involved, where a person is authorized to sign on behalf of the owner, you will need the official POA document, along with the person’s passport copy, Emirates ID, and visa.

If the property is registered under a company name, you must provide the company’s Trade License and the signatory’s documents, including their passport, Emirates ID, and visa.

Property Management Services

For landlords based overseas, with limited time, or those seeking a hassle-free approach to property management, we highly recommend engaging a reliable property management team. Entrusting the daily operations, maintenance, and tenant management to professionals can save you time and effort. Our property management department offers comprehensive services for long-term leases, including general maintenance, repairs, and administration. For short-term rentals, we provide additional services such as cleaning, guest check-ins, and general assistance. With various packages available and dedicated RERA qualified managers, our team ensures the best management services for your property.

Deciding Made Easy

If you are still uncertain about taking this step, our property and investment consultants are here to listen to your concerns and provide clarifications based on accurate information. We believe in empowering you to make well-informed decisions.

Ready to Become a Dubai Landlord?

Contact our consultants today and book your free consultation. Can’t make an in-person visit? Get an independent property valuation in less than a minute using our online calculator: value now. Trust haus & haus for all your property needs.

Meet our Team

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Kathleen Grant
Funder
Kathleen Grant
Funder
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Keith Bailey
CEO
Keith Bailey
CEO
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Danielle Murray
Manager
Danielle Murray
Manager
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Thomas Stevens
Manager
Thomas Stevens
Manager
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Testimonials

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I had a great experience working with my Dubai property agent. They were extremely knowledgeable about the market trends and helped me find the perfect property within my budget. Their professionalism and dedication made the entire process smooth and stress-free. I highly recommend their services.
by Vibha Mahajan
Owner, AXIX Property Sourcing London
Working with my Dubai property agent from Golden Luxury was a fantastic experience. They took the time to understand my requirements and showcased properties that aligned perfectly with my preferences. Their market insights and honest advice helped me make informed decisions. I am grateful for their professionalism and highly recommend their services to anyone looking for a property in Dubai
by Kenya Soval
Realtor, Company Inc.
I just bought my third property with Golden Luxury Realty. The team is so well-informed on all up and coming projects and are very transparent about the pros and cons of each one. They guided me while I was in India. Everything was done online and I wouldn't tryst anyone else with my property transactions.
by Rajeev Gupta
, India

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