Do you own property in Dubai? Are you thinking of renting out your property but don’t know how to get started? Don’t worry, because Footprint Real Estate is here to help. Here is a quick landlord guide for property to rent in Dubai. Read through it to get an idea of the process, and then contact us for consultation and to get started!
Get in touch with an expert in Dubai real estate for assistance with doing a Comparative Market Analysis (CMA). It is similar to e a market valuation and will give you a clear idea of what rental income you are likely to generate on your property.
If you have multiple properties to rent, it is advisable to hire a property management team you can trust. With a team of professionals, you can enjoy a stress-free rental income generation process. All you have to do is grant them a power of attorney to manage your property. After that, from property maintenance, rental collection, and contract renewal, they will take care of it all.
Find a trusted and well-reputed broker to get your property listed. They will work with you extensively to find a potential tenant. With a reliable broker, you can expect to get your property the maximum exposure. They will also assist you with professional property photography, staging, and marketing it online—all much needed to attract quality tenants.
Instead of getting your property listed with many agents, trust your broker and work with them exclusively. If you show confidence in them, they will work harder, helping you get the rental amount you desire with some added perks.
In Dubai, all property owners must sign a RERA property listing form which gives the broker permission to market your property. You must also provide your broker with a copy of your Emirates ID and title deed along with the signed document.
If you have a reliable broker to entrust the process with, consider a short-term rental. They often yield higher returns and allow more flexibility.