The property search is over. You have now decided which property to go for. Next step? Get yourself ready with what documents you need to provide and to receive when renting a property in Dubai with the help of this checklist.
• Passport copy with signature page
• UAE residence visa or letter from employer/sponsor that visa is under process
• UAE bank account and cheque book
For the company:
• Trade License
• Passport copy with signature page of the signatory
• Proof that signatory is authorized to sign on behalf of the company (i.e. Board Resolution or POA)
• Passport copy with signature + UAE residence visa of occupant
• Title Deed (if not available, Oqood and/or Affection Plan)
• Passport copy with signature page of all listed in the Title Deed
• Trade License and passport of autorized signatory (if under company name)
• Proof of ownership
It is important that these documents are all valid and in hand before making any payment. This is to ensure that no issue will occur later on. For example, if Title Deed or Oqood is not available then it may be possible that tenancy contract will not be registered in Ejari. The Ejari registration is a must if you need to sponsor family member(s) and/or a housemaid.
FEES TO BE PAID BY TENANT
• Security Deposit – 5% if unfurnished/semi-furnished, 10% if fully-furnished
◦ To be refunded by the landlord upon move out of the tenant in the property
• Rent Amount
◦ Terms of Payment can be negotiated with the landlord (i.e. 2 or 4 cheques)
◦ Agency fee – 5% of the total rent amount payable to the real estate agency representing the landlord
When you move to Dubai the first thing on your mind is probably to secure some accommodation. However, for many new arrivals to these sandy shores the rental market in Dubai can be quite bewildering. After all there are not too many countries that demand up to a years rental up front or think that it is OK to offer you a garden with all dead plants let alone the fact that it is the tenant that pays the agent unlike most countries where it is the landlord!
To help you through this minefield Expat Echo with the help of Move One Relocations and 1Step Properties have put together some useful tips. Read more
The Dubai Electricity and Water Authority (DEWA) is the sole provider of electricity, water and sewerage in Dubai. Please see below application process and list of required documents. There is also reference to an article about monitoring your DEWA bill to ensure the correct housing fee is tracked on bill amounts.
For expatriates relocating to Dubai and living in freehold (owned) and non-freehold (rented) housing you will need to set-up an electric and water utility connection with DEWA (Dubai Electricity and Water Authority). An important factor to understand in the DEWA billing process is the associated housing fee that is incurred. Housing fees for expat tenants is calculated on 5% of the unit’s annual rent, while expat owners must pay 0.5% of the value of the property as determined by RERA’s (Real Estate Regulatory Agency) rental index. These amounts are divided by 12 months and each month invoiced in instalments. Read more
It is said the number of housing units entering the Dubai market have been exaggerated and that the over supply is misplaced.
Dubai’s property market is likely to bounce back from a slowdown in the first half of this year, thanks to the increasing size of the market and the emirate’s significance as a business and leisure hub. In the first half of 2015 the UAE market reported that though the slowdown continues, it will only be some time before things turn around and head upwards. Read more