*Fly to Dubai: British Airways flies twice daily from Heathrow to Dubai*
As in most global cities in the developed world property to rent in Dubai is available across a range of villas, apartments and holiday homes. Dubai international properties are in a strong position because at the present time demand far outweighs supply. This enables landlords to command sizeable rental yields andhelps to insure a good return on a Dubai property investment. It is expected that rental yields on completed properties will increase at a rate of between 8-15% per annum. Luxury apartments are available in plaza complexes throughout the city and there are a wide range of villas to suit all budgets.. Property to rent in Dubai is obviously cheaper if it is rented long term but this option is only available to Residency Visa holders.
Recent Dubai Property Developments:
Dubai property for rent is found in some of the most spectacular and idyllic locations in the world, often amongst several hundred hectares of purpose built complexes equipped with everything necessary for a high standard of living. These include:
- The Point : A 27 storey residential tower, inclusive of 188 luxury apartments all with marina views. – This is ideal and high return property to rent in Dubai.
- The Marina Torch : This picturesque 82 storey complex contains 658 luxury apartments – a platinum quality Dubai property rental opportunity!
- Jumeirah Beach Residence: This amazing purpose built complex includes 36 residential towers and 4 hotel towers. An amazing Dubai property investment.
- International City: This extravagant build includes the Forbidden City – a replica of the biggest ancient building in China
- Arabian Ranches: If you were thinking of this as your perfect Dubai property rental opportunity its too late as all these amazing 3 bedroom properties have already sold out!
A Helping Hand with Dubai Property Rental:
As more and more of the larger Dubai real estate projects are completed the supply and demand pressures will ease which is likely to level out rental prices. As with any international real estate environment there are plenty of agents available to assist your search for your ideal apartment of villa for rent in Dubai. Some agents will offer a fully managed service that operate both long and short term rentals but just as you would do in any country it is always advisable to do your research, shop around and try and find and established agent with a good reputation.
Location, location, location?
Always research your Dubai property rental before committing to any financial outgoing. It is important to consider the following:
- Will the location attract a professional, reliable and long term tenant?
- Will a ‘marina view’ realistically attract a higher rental yield?
- Which rental agent will provide me with the best value for money in terms of services, commissions and commitment to my needs?
- What control do I have over selection of tenants?
- What effect might further developments have on my property, positive or negative?
- What period of notice is required to cease renting the property?
Rental Costs:
Dubai rental properties incur the following costs:
Agents commission fee: this can range from 3-5% of annual rent charges
Rent: standing orders and direct debits are uncommon in Dubai – most landlords insist on a years rent upfront – payable over 2 payments
Deposit: A common charge the world over – expect to pay 5% of annual rent
Utilities: If electricity and gas are not connected you will have to pay to have it connected
Furniture: Most Dubai property for rent is unfurnished and may only have a partially equipped kitchen
