There are more ex-pats with a residence permit in UAE than its nationals. Therefore, a large number of the population does not own residential property and live in rental apartments or villas. But, the rents are extremely high and there is a lot to consider when hunting for the perfect residence. This is an elaborate guide to Renting in Dubai along with the required documents, the best location, and renting fee.
Renting in Dubai arise a lot of questions in the minds of the residents. They have to consider the cost of living, location, amenities, and legal procedures.
Where to Rent in Dubai?
There are several options for locations when it comes to renting in Dubai. It depends upon the lifestyle and work requirements of the residents to decide where they want to live. To top it all, budget is the prior concern of everyone.
If you want to live at the waterfront or alongside the beach, the areas like Palm Jumeirah, Jumeirah Beach Residence, and Dubai Marina have plenty of residential apartments and villas.
Dubai has many sky-scraping buildings that have bundles of amenities of work, shopping, and residence. The urban areas of Dubai are facilitated with the best transportation facilities in the city. For those who prefer residence in urban hubs, they can find a place in Downtown Dubai or Business Place where the residents can be close to their workplaces.
Family-oriented individuals look for several facilities like schools, swimming pools, stores, etc near their homes. If they have children, the prior requirement is the proximity to schools. So, Dubai has areas like Arabian Ranches, Dubai Hills Estate, and Emirates Living. They offer luxurious living communities with amenities that suit the families.
Renting in Dubai can be very expensive especially near the waterfront or in the urban hubs of the city. However, there are many cheaper options too. You can choose to rent apartments or villas in Jumeirah Village Circle, Jumeirah Village Triangle, or Dubai Sports City. Moreover, residential areas like Al-Furjan, Discovery Gardens, and Damac Hills 2 are affordable renting options but they are far away from the mid-city. Nevertheless, the residents can acquaint themselves with the efficient Dubai metro bus service or transportation infrastructure of Dubai.
There are a lot of other options as well when it comes to renting a property in Dubai. However, every resident has certain requirements so one choice may not suit all. So, never make haste in selecting your residence. Think about your standard of living and consider whether the amenities or costs of living will be able to fit together. Always keep in consideration the budget, amenities you are looking for, and transportation facilities. You can also consult property advisors to let them find the best for you.
Documents Needed to Rent a Property
You need the following basic documents to rent a property in Dubai:
- Passport Copy
- Residence Visa Copy
- Emirates ID copy
- Copy of Confirmation of Security Deposit.
You need these documents to have legal protection as a tenant and allow you Dewa (electricity and water) activation.
Costs of Renting
Renting in Dubai requires a lot of costs. Here is a list of them:
- 5% agency fee of the actual amount of annual rent.
- 5% security deposit in case of an unfurnished home.
- 10% security deposit in case of a furnished home.
- The security deposit is refundable at the time of termination of tenancy excluding the charges of damage.
- Ejari fee of Dh220 to register your rental contract.
- Dewa activation in the apartment costs a refundable deposit of Dh2,000 + a non-refundable connection fee of Dh100.
- If you are renting a villa, your Dewa activation will cost a refundable deposit of Dh4,000 + a non-refundable connection fee of Dh300.
- A refundable deposit and non-refundable activation fee for an air conditioner depending on the size of the property.
- Annual municipality fee of 5% of annual rent which is refundable.
This was an easy guide to renting in Dubai including all the necessary details that the tenants require. Now the tenants can also pay through monthly instalments with a new startup Keyper that offers Rent Now Pay Later facility in Dubai.