Step 1: Decide on location
Consider your budget and the proximity of the neighborhood to your work, school, metro, etc. Dubai has many great projects, chose the one that will be right for you and your budget.
Step 2: Know the cost involved
The price you see in advertisements is only the rental price per year, it does NOT include the following:
-Security deposit (5-10% of yearly rental amount)
-Brokerage fees (usually 5% of yearly rental amount, but some companies charge a minimum of 5,000 AED per tenancy contract)
-Deposits for gas, DEWA & Du/Etisalat connections
Step 3: Required Documentation
You will not be able to enter into a tenancy agreement without a residence visa, so be sure you have one. If the agreement will be under a company, valid trade license along with passport copy of the owner is required.
Step 4: What is important to you?
Decide on the features that are most important to you (view, size, open kitchen, large bedrooms, etc). Inform the broker prior to viewing, so you do not waste time going to properties that do not match your criteria. Be sure to note down the properties you have seen with other brokers, so you do not end up going to the same property twice with different agents.
Step 5: Amenities
Review prices in your preferred area. Some advertisements are out-dated, so be sure that the property advertised is still available for sale. The less professional agents tend to advertise properties at lower prices, which may not exist.
Step 6: Size
Be sure that the new property will fit your existing furniture! Measure if needed.
Step 7: Snagging and Inspection
Before move-in, make sure that the property is in a good condition. Be sure that the air conditioning works, there are no issues with plumbing and electrics, etc. The Landlord should hand you over the property in a good condition
Step 8: Negotiation and Offer
You have the right to negotiate on the price and number of payments. You may be required to pay in one payment upfront for the whole year, or agree to pay in up to 12 installments (provided as post-dated cheques). Yearly rental amount is typically lower when paid in 1 or 2 cheques, and higher when paid in more installments.
Step 9: Tenancy Agreement
Your broker will draft the tenancy agreement. Make sure to study the terms and conditions thoroughly. Is there a penalty for breaking the lease early? Will the landlord make you paint the apartment after move-out? Advise your broker on points that are important to you.
Step 10: Move-in
Once the tenancy contract is signed by both parties, the landlord or broker will provide you with keys and access cards. You will be required to connect DEWA (electricity and water), DU/Etisalat, and in some instances air conditioning. Dacha Real Estate can assist you with these connections.
Step 11: Register contract with Ejari
You are advised to register your signed tenancy agreement with Ejari (system of registering lease contracts, governed by RERA). Ask your broker whose responsibility it is, the landlord or broker can also register the contract.