All you need to know about the Dubai Rental Market scenario
House for Rent in Dubai
The Dubai rental market thrives all year round, thanks to the large number of expats who come in each year. Its prosperous economy makes Dubai a dream destination for various strata of the global society, including students. People also come in to extend their services to several different industries. Having adapted to the varied requirements over the years, apartments for rent in Dubai aren’t so hard to find anymore.
Rent a house in Dubai
One can find rental accommodation in various forms, depending on budget, lifestyle, duration of stay, family size, etc. But there is more you need to know before you seek a house for rent in Dubai.
Always look into the Dubai Land Department’s list of Approved Dubai Real Estate Brokers before picking your realtor.
The average agent fee is 5% of the annual charges, but some may have much higher margins. Make sure you are aware beforehand. Also carefully look through your tenancy agreement to know whether you are required to pay a fee to your realtor each time the contract is renewed when you rent a house in Dubai.
The nearer you are to the heart of the city, the more expensive it is to get a house for rent in Dubai. But also know that renting a flat away from the centre in certain localities could get expensive due to the reputation of the area and the facilities provided. The property’s furnishing makes a difference too. But in the end, make sure you get your money’s worth.
To give you a fair idea, it costs almost as much as London, but over 50% more expensive than Paris, to rent a flat in Dubai.
Get in touch with Vacationbay to get the best deals on rental properties like apartments and villas in Dubai.