Long-term rental in Dubai: what costs for owners?
The success of arental investment in Dubaiis closely related to the rental management. If you decide to make a rental investment in Dubai in 2022, long term rental will be one of the options. Dubai Immo introduces you to long term rental in Dubai and the associated costs.
Why rent your apartment for a long time?
The first advantage of short term rental is stability. You know that for the time of the rental, you are safe. You have a tenant who is expected to stay in the apartment for a long time and therefore should take care of it. At least more so than a tenant who occupies your apartment for a few days or weeks. Moreover, rents in Dubai are usually paid one year in advance, so there is no cash flow problem. The risk of non-payment is eliminated, a major difference with France and Europe in general. No winter break and rents paid in advance, the dream of every investor!
Agency fees for long term rental in Dubai
The agency fee for renting an apartment or a villa in Dubai is 5% of the annual rent. The 5% fee is entirely at the expense of the tenant, who will also have to pay for the issuance of the EJARI. This document issued by the Dubai authorities is the certification of the registration of the rental contract. To take possession of the premises, the future occupant must also open the DEWA account for electricity, arrange for gas if necessary, etc.
Rental management companies in Dubai
Dubai Immo (Elysee Vendome Real Estate LLC) and its partners can manage for you the long term rental of your property in Dubai. Our know-how allows us to rent your apartment or your villa in long term rental at the best price. Our clientele is often French, and our agency has all the necessary approvals.
To know more about renting your future apartment or villa in Dubai, contact a professional real estate agent from Dubai Immo (Elysee Vendome Real Estate LLC). All our real estate agents are professionals with real estate license issued by Dubai authorities (RERA and Dubai Land Department).
The Dubai Immo team
Guillaume Giroux, Dubai Immo founder and real estate expert, Dubai, UAE
As founder of the Dubai Immo Group and a real estate investor, I bring you daily updates on the Dubai market. My aim is to provide you with all the keys you need to invest wisely and securely, by sharing my in-depth analysis and strategic advice.
