Hotel apartments are an expensive option but ideal if you need temporary, furnished accommodation for a short period of time.Also because water, electricity and other amenities are included in the rent,this can be an easy option for new expats waiting for their essential residency visa to be processed. If relocating with your family, investing in this type of accommodation upon arrival will allow time to look around, research residential areas properly and acquire a property that meets your family’s needs, before making a more long-term commitment.
Short-term lets are available in the UAE, allowing you to rent apartments and villas in Dubai and Abu Dhabi typically on a weekly or monthly basis. The accommodation will be fully furnished with all linen/crockery provided and electricity/gas /water bills included in the rent, or provided by the landlord. This type of accommodation comes at a price but allow you the flexibility of getting to know the city before finding your new home.
Serviced Apartments in the UAE
Serviced apartments in the UAE are typically located within a hotel or exclusive residential tower block, they serve the same purpose as hotel apartments but this option is usually more cost effective if for periods of a month or more.
UAE Long term leasing (apartments,villas)
In the UAE, long term leasing is the most common route expats decide to take – most probably because it gives a sense of stability and normal living to families, as well as being the least expensive option, over the alternative short-term leasing.
Traditionally rent is payable in advance for the whole year by one cheque, however in view of the present economic downturn it is becoming more acceptable to increase the number of cheques to 2, 3 and sometimes 4, depending on the landlord.
Buying Property in Dubai or Abu Dhabi
Since 2003, expats have been able to purchase property in the UAE, in freehold areas. Whilst many people have bought in the market for investment purposes only, some expats decide to buy property to live in, as opposed to paying large rent payments. Mortgage down payments however are 25%minimum for salaried expatriates.
Renting Property in the UAE – The correct procedures!
Any new tenant has to keep in mind that upon signing the tenancy contract, they are agreeing to all the terms mentioned, and are waving away their rights to alter it. That’s why before signing any contract between you and the landlord, you need to ensure that all the information is accurate and you have been provided with all the necessary documents.
Make sure you verify the items on this checklist before you sign your tenancy contract:
OUR TIPS when searching for your new home; things to consider:
· Area: Traffic in Dubai can be heavy so most people like to choose a location close to their children’s schools and/or work.
· Life style: There are so many residential areas to choose from in Dubai so make sure you’re properly clued upon the best locations to suit your families life style needs.
· Cost: With many different locations and types of property available in Dubai and Abu Dhabi, there’s bound to be a difference in price. Look at new residential areas in the UAE cities as well the well-established locations; if you’re open to compromising and consider all options, you can often get more for your money. You should also becareful about the cost of utilities, whilst properties with a swimming pool and a large garden in Dubai are great luxuries to have –remember, water in Dubai are not cheap so make sure you’re prepared to pay the DEWA bills each month.
· Practicality: Make sure the chosen residence is practicalto your daily life. For example, its notadvisable to move into an apartment that has one allocated parking space whenyou have two cars and there is no access to additional parking – that means noparking for one car for a YEAR! Similarly, if you choose not to drive and needto use the metro link on a daily basis, don’t live too far inland, without ametro station in sight and where it’s difficult to a taxi!
OUR TIPS when searching for your new home; things to remember:
● Most UAE expats rent property when first arriving in the country.
● You cannot rent property unless you area UAE resident.
● Rent payments are paid in advance forthe year.
● Post-dated cheques are given whenpaying rent in multiple cheques (these HAVE to be UAE cheques).
● A 5%-10% deposit is always applicablewhen renting property.
● The tenant pays 5% real estate agentsfees in Dubai and Abu Dhabi.
● Security deposits for utilityconnections are usually paid in cash and can be fairly large amounts so makesure you budget for this!
● All Tenancy Contracts have to beregistered by Ejari.
● Ejari is a required document to allowyou to sponsor your family to live in the UAE.
● Before signing a contract with yourlandlord make sure you both have a written agreement of who’s paying for what.
● Apply for your DEWA and landline the moment youreceive your tenancy contract, preferably 2-3 days before you move into the newhouse, as sometimes connections can be delayed.
A lot of landlords will push to start the contract so you are paying rent ASAP. Make sure enough time is left before the move in date for maintenance work to be completed and more importantly,essential documents, monies and cheques to be produced. If you sign a contract and the rent cheque is not given on the contracted date, you are putting yourself in a vulnerable position and ‘legally’ you are in breach of the contract, can lose your deposit and the property! Once the property is secured and contracts are signed, you are ready to connect utilities, apply for your move-in permit and complete all other essential formalities, which can be time-consuming.
RelocateMe services not only simplify your relocation and allow you to be moved into your new home and settle very quickly, our mobility packages provide you with vital knowledge, which help smooth the transition AND save you essential time and money.
Our consultants have a wealth of experience, foreseeing and preventing any obstaclesand costly mistakes that can potentially delay your settlement in the UAE.
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