Abode Property are well established in the Dubai Real Estate sector with an outstanding reputation in Property Management and Property Rentals. We are currently nominated as number 2 Boutique Real Esate Company in Dubai by Propertyfinder, Dubai's leading property portal. You will find us located in the number 1 address in Dubai Marina - Grosvenor House Hotel Lobby. Contact us today to start working with us to rent your property in Dubai.
We have many active clients looking to rent your property right now!Contact us on button below or call +971 4 881 2777.
As a seasoned expert in real estate, I bring a wealth of knowledge and hands-on experience to the table. Having navigated the dynamic landscape of property management and rentals, I have successfully executed extensive marketing strategies, worked alongside RERA licensed brokers, and led a dedicated customer service team to provide unparalleled support. My expertise goes beyond theoretical understanding; it is grounded in practical application and a track record of achievements.
Let's delve into the concepts highlighted in the provided article, shedding light on each aspect:
1. Let Only:
This refers to a service where the property management company assists in finding a tenant for the property but does not handle ongoing management.
2. Property Management:
Involves comprehensive oversight of a property, covering aspects such as marketing, tenant qualification, contract drafting, maintenance coordination, and financial management.
3. Extensive Marketing:
Utilizing a variety of channels and strategies to promote a property for rent, ensuring maximum visibility to potential tenants.
4. RERA Licensed Brokers:
RERA (Real Estate Regulatory Authority) licensing ensures that the brokers are qualified and adhere to regulatory standards in the real estate industry.
5. Customer Service Team:
A dedicated team focused on providing assistance and support to both landlords and tenants, addressing inquiries, concerns, and facilitating smooth communication.
6. Flexible Viewing Times for Tenants:
Offering adaptable schedules for property viewings to accommodate the varied availability of potential tenants.
7. Expert Market Knowledge on Pricing and Strategy:
In-depth understanding of the real estate market to accurately price properties and devise effective rental strategies.
8. Negotiate on Landlord's Behalf:
Skilled negotiation to secure favorable terms for the landlord during the leasing process.
9. Qualify and Check Tenants:
Thorough vetting of potential tenants to ensure they meet the criteria and are reliable.
10. Draft RERA Approved Tenancy Contracts:
Preparation of legally compliant tenancy agreements in accordance with RERA regulations.
11. Ongoing - Renew Tenancy Contract:
Managing the renewal process of tenancy contracts as they expire, facilitating seamless extensions.
12. Assist with Organization of any Maintenance or Works:
Coordinating and overseeing property maintenance and necessary works in collaboration with landlords and tenants.
13. Collect and Deposit Rental Monies:
Handling the financial transactions related to rent collection and depositing funds securely.
14. Utility Transfers and Connections:
Facilitating the transfer and connection of utilities for the property.
15. Handover of Property with Landlord and Tenant:
Ensuring a smooth transition during the handover process, involving both the landlord and the tenant.
16. Check In / Check Out Report:
Documenting the condition of the property during both tenant check-in and check-out, providing a basis for assessing any damages or changes.
17. Financial Planning:
Offering guidance on financial aspects related to property ownership and rental income.
18. Regular Inspections:
Conducting periodic inspections of the property to assess its condition and address any issues proactively.
In conclusion, Abode Property Rental Only Service, as highlighted in the article, encompasses a comprehensive set of services designed to streamline the process of renting a property in Dubai, combining market expertise, regulatory compliance, and a commitment to customer satisfaction.
Renting out a property in Dubai can prove to be quite overwhelming for those that are doing it for the first time. It involve a series of processes and there are laws that a landlord needs to abide by. Here is Luxhabitat's guide to the best way you can rent out your property.
Landlord rights in Dubai include the right to receive rent on time, evict tenants for non-payment of rent, terminate the contract in certain circ*mstances, and access the property for inspections and repairs. The landlord is also entitled to compensation for any damage caused by the tenant to the property.
In Dubai, the permissible rent increase, as regulated by the Real Estate Regulatory Agency (RERA), typically does not exceed 5% annually. However, this cap may vary depending on factors like the type and location of the property, as well as the duration since the last rent increase.
If the total annual rent is less than AED 5,000, then the cost to hire a real estate agent will be a straightforward AED 5,000. If you're the landlord renting out property, you might not have to pay anything to the agent, or you could pay up to 8% of the annual rent.
Yes, non-residents can rent out property in Dubai. Many foreign investors purchase properties in freehold areas, then lease them out to generate a steady stream of rental income. It's an appealing investment strategy given Dubai's status as a business hub and tourist destination, which results in high rental demand.
Once you pay the security deposit, your agent shares the tenancy contract with you. The contract must be in accordance with tenancy laws in Dubai. It's also vital that you understand what tenants in Dubai are entitled to before formalising a contract. So make sure you learn all about tenant rights in Dubai.
If the existing rent is: Less than 10% below the average market rental rate – no rent increase is permitted. Between 11% and 20% below the average market rental rate – maximum 5% rent increase is permitted. Between 21% and 30% below the average market rental rate – maximum 10% rent increase is permitted.
The landlord is responsible for the maintenance works and repairs of any defects in respect of the leased property, which may affect the tenant's intended use thereof, unless otherwise agreed between the parties (article 16).
After the police have inspected the accident, inform the rental car company about the incident. In most cases, comprehensive car insurance in Dubai covers damages caused in rental car accidents, and car rental companies are liable for accidents.
If the existing rent is: less than 10% below the average market rental rate, no rent increase is permitted. between 11% and 20% below the average market rental rate, a maximum increase of 5% is permitted. between 21% and 30% below the average market rental rate, a maximum increase of 10% is permitted.
According to the RERA tenancy laws in Dubai, landlords can increase rent. However, this must only happen after the two years of contract establishment. Plus, the rent increases in Dubai must be according to the rules set by RERA.
Yes, non-residents can rent out property in Dubai. Many foreign investors purchase properties in freehold areas, then lease them out to generate a steady stream of rental income. It's an appealing investment strategy given Dubai's status as a business hub and tourist destination, which results in high rental demand.
Is It a Good Idea to Invest in Dubai Real Estate? Yes, this can be a favorable opportunity for those seeking potentially lucrative returns and a luxurious lifestyle. The city's booming economy, investor-friendly environment, and the availability of freehold areas contribute to its appeal.
Yes, to host on Airbnb in Dubai, you need to obtain a short-term rental license from the Dubai Department of Tourism and Commerce Marketing (DTCM). This license ensures that the property meets the required standards and regulations set by the local authorities.
Once you have purchased the property you may apply for a residence visa. This visa will be valid for up to 2 years, renewable, as long as you still own the property and you visit the country at least once every 180 days.
Introduction: My name is Wyatt Volkman LLD, I am a handsome, rich, comfortable, lively, zealous, graceful, gifted person who loves writing and wants to share my knowledge and understanding with you.
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