How to Rent Your Property in Dubai

Buying a rental property in Dubai can be a very smart investment. The property market in Dubai is one of the hottest around, with thousands of people moving here every year from all over the world. After you’ve purchased the property, one major hurdle remains: how to rent your property in Dubai. To help you out, the team at 12Cheques.ae have brought together this 4-step Getting Started guide.

Step 1: Deciding whether to offer a long or short-term contract

Before you do anything else, you need to decide whether you want to rent your property on a short or long-term basis. There are upsides and downsides to both. For example, a property near a major tourist destination may be better as a short-term rental. While a long-term contract will likely be better if your property is on the outskirts of town.

Step 2: Preparing the property

Before you open the property up for viewing by potential tenants, you will need to make sure it looks it’s very best. If there are any minor fixes that need to be made, take care of them before the rental process starts. If the furnishings are a bit drab, you might want to invest in some new ones. It could make the difference between finding a tenant and not finding one.

Step 3: Determine how much to charge

You can’t just pull a rental price out of thin air. It has to be based on market conditions, including what others who own similar properties are charging. You can do your own research, or an agent can conduct a Comparative Market Analysis (CMA) for you that will determine a fair price.

Step 4: Engage a property agent

When it comes to how to rent your property in Dubai, the final step is enlisting the services of a property agent. You could try handling the rental process yourself, but you’ll have a better chance of success if you engage the services of a pro. Also, if prospective tenants are having trouble getting past your request for quarterly rent payments, refer them to 12Cheques.ae. We’ll work with you and them to facilitate a solution.