Your Dubai Guide
Your source of information relating to
Dubai
Renting a place to stay
In
the absence of free hold purchase in most parts of Dubai, the only option
available was to rent property. The recent growth in population of Dubai has
seen rents sky rocketing and making Dubai one of the most expensive rental
markets in the boom. This has led to an increase in construction activity so as
to meet the growing needs for housing.
The
popular renting options are studio, one, two and three bedroom apartments
besides villas. The high rents have made sharing of housing a common practice.
These places come with a furnished or non furnished option. Before renting your
place please confirm the facilities offered such as security, gym, sauna,
swimming pool, parking, chiller (air-conditioning) is
thrown in or is to be paid separately.
A
peculiarity of the Dubai rental market is payment of annual rent in advance.
However, the landlord may permit payment of post dated cheques breaking the
rent up to 4 instalments. The other cost to deal with is the brokerage or
commission that normally 5% of the annual rental value.
The
location you choose is a factor of proximity to work, availability of
transport, closeness to friends and relatives, places to eat and last but not
the least the cost of rentals.
The
best way to go about renting the place is to pick up newspapers for classifieds
on rentals available or contact a real estate agent who has a portfolio of
rented properties available.
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