Renting a property in Dubai is a straightforward process when you know the steps to follow. Here’s a concise guide to help you navigate the rental process with ease:
1. Viewing the Property:
Start by visiting the property you’re interested in. Make sure it aligns with your requirements and preferences.
2. Landlord’s Approval:
The landlord will review your offer. If approved, you’ll proceed to the next steps.
3. Security Deposit:
If you like the property, put down a security deposit
5% of the annual rent if the property is unfurnished.
10% of the annual rent if the property is furnished.
The security deposit should be in the name of the landlord and dated for the current transaction.
4. Documentation Submission:
Provide your Emirates ID, visa, passport copy, and email address to the real estate broker. They will use this information to prepare the lease agreement.
5. Unified Lease Agreement:
Dubai uses a unified lease agreement, which can be signed electronically. Ensure your signature matches the one on your Emirates ID.
6. Payment of Rent:
Submit all rental checks in the name of the landlord as specified in the lease agreement.
7. Brokerage Commission:
Pay the broker’s commission, typically 5% of the annual rent plus VAT. Make this payment via a check in the name of the brokerage company. Avoid making cash payments to the broker; it is not legal.
*Tips:
Before you accept the property, please make sure to carry out a snagging inspection. This ensures that any issues or discrepancies are addressed by the landlord before the handover, leaving you with a well-maintained property.
