Landlord’s Guide: How To Lease A Property In Dubai?

To know what your property is likely to rent for, you will need a CMA (comparative market analysis) from a local real estate expert in Dubai before letting it out.

If you own multiple properties or manage them remotely, consider hiring a Property Management team. In case of a payment collection issue or renewal of your property, the best property supervisors in Dubai can act on your behalf so you don’t have to worry about it.

To list the property, you’ll need to find a broker. In this competitive market, you should prefer going for a brokerage that you can trust and that has a good reputation as well as a marketing strategy that will help your property simply stand out from the crowd. To attract tenants to your property, professional photography, an active brokerage network, and an online presence are important. A good broker in Dubai will also attract tenants from far and wide, so you should look for one with a wide reach.

Make sure you only work with one agent when listing your property in Dubai. The broker has more confidence and security when listing your property exclusively, which will allow him to market it more effectively and focus more on your property.

Rental Form A is a document that gives your broker permission to market and work on your property. All registered owners must sign it for your broker to advertise your property through social media or property portals. Additionally, your broker will need a copy of your Emirates ID and Title Deed of your property to complete their due diligence.

First impressions are irreplaceable. You should consult your broker about how to prepare your property for photographs and viewings. Adding a fresh coat of paint and beautifying the front and garden of the property can make a property more appealing to tenants.

As soon as your property is listed, it will appear on numerous property portals, your brokerage’s website or social media handles and the tenants on the broker’s books should begin viewing the property shortly afterward. Weekly updates should be provided by your broker after every viewing and your marketing strategy should be discussed with you every week.

Once you have found the suitable tenant for your property, the final step is to sign a tenancy agreement between you and the tenant, which is provided by Dubai Land Department and prepared by your Agent/Broker, containing the personal details of both parties, the rental period, financials and additional terms(if any) along with the terms and conditions provided by the Dubai Land Department.
After contract signing, Make sure that you or your tenant registers the tenancy contract with EJARI, which is the government registration of the tenancy contract for the security of both parties.