Letting Property in Dubai A Guide from the Best International Letting Agency in 2014
Letting a Property in Dubai
The Dubai property market is very active with a wide choice of properties available to rent. While some people buy Dubai properties to live in for all or part of the year, others purchase them as investments or as a buy-to-let. With the population continuing to grow and increasing tourism, the market for Dubai rentals is strong. Those who own properties in Dubai are currently enjoying very high return on their Dubai rentals, with the best return coming from longterm lets. While rents continue to rise, the cost of buying Dubai properties remains relatively low, making buy-to-let property in Dubai a potentially lucrative option. Whether you are an experienced investor in buy-to-let property or you are an individual interested in letting your Dubai property, there are steps to take in order to optimise your return and ensure high rents from good tenants.
Best International Lettings Agency 2014
Allsopp and Allsopp help Dubai property owners market their properties for rent in Dubai and tenants to find properties to rent in Dubai. Winner of this year's Best International Lettings Agency award 2014, Allsopp and Allsopp assign home owners a member of the team, as your personal guide to letting your Dubai property. The same attention is given to those wishing to rent a luxury apartment, villa or house in Dubai. So, to the steps involved in letting your property. We oversee the whole process from initial instruction to successfully letting your property and the option of managing your property during the term of the let.
Dubai Lettings Process
Viewings Allsopp and Allsopp prefer to take tenants on viewings on your behalf, but understand if you would prefer to show the prospective tenant around your home. It may seem obvious, but it's important that your property is clean and tidy before welcoming tenants for viewings. Be prepared for questions, such as: is the property furnished? What are the neighbours like? How long has the property been vacant? Our agent will be pleased to go through potential questions and answers with you. Negotiation We will explore every opportunity to achieve a letting at the best possible rent and within a timescale that suits you. As soon as we receive an offer you will be notified. There is often negotiation on the asking price; it is, therefore, helpful if you have an acceptable price in mind in the event that the tenant offers something different. You will also need to consider contract start dates to ensure they suit you.
Dubai Lettings Process Accepting an offer As soon as you accept an offer we will require identification from both landlord and tenant, copy of title deed and evidence of community fees from within the previous three months. This will enable us to prepare a tenancy contract. Property management For those who do not wish to have direct contact with tenants when letting their property, Allsopp & Allsopp Property Management service will remove the hassle and take care of everything on your behalf, - from maintenance requests to the legal requirements ensuring you and your tenant are entirely happy. We will notify you each time you receive a new booking and once you choose to accept the booking, we look after the rest. Having your Dubai property managed by experienced professionals is ideal for overseas investors, especially for those who have no one local to look after their interests.
Dubai Lettings Process
How Allsopp and Allsopp Advertise your Property We use branded To Let Boards to make sure that clients are aware that we represent your property, these are will be positioned for optimal exposure and to encourage inquiries. We take plenty of photographs of your property, to use in marketing and advertising your property on our website and on the four main property websites.
Tenant Selection We cherry pick tenants for you. Fortunately, Dubai residents are generally great tenants, but, in the unlikely event of something going wrong, there is a good legal system in place to represent and protect both landlord and tenant.
Dubai Lettings Process Rental Payments All rents are paid in advance by pre-paid cheque/s or as agreed with the landlord for any other payments such as Bank Transfer. It is very common for tenants to pay all of their money in advance for the year, however, some landlords are happy to accept more cheques or bank transfers in order to compete within the market. All rental cheques are made out to Allsopp and Allsopp, unless requested otherwise. This allows us to bank monies on your behalf and transfer the money directly to your nominated bank account.
Rental Reports We will advise you by email of any payments and, if required, we can send out a financial statement of each rental payment.
Dubai Lettings Process
Deposit Part of our responsibility as your managing agents, is to hold deposits on your behalf. This allows us to return deposits to the tenant or make deductions, if necessary, after the check-out period. We close down DEWA accounts for the tenant and do not release any deposit until all payments have been cleared relating to their account and we have proof it has been paid and closed.
Contracts Once the tenancy contract is signed by both landlord and tenant, each will receive a copy, with the real estate agent retaining a copy for filing purposes and rental cheques handed over to the landlord.
Dubai Lettings Process Moving In As the landlord, you may decide you would prefer to meet and greet your tenant. If, however, you have elected to use Allsopp and Allsopp property management service, we will welcome your new tenant into your property. We will give them keys, talk them through any essentials relating to the property and generally make sure they are happy. The aim of Allsopp and Allsopp is 'to have happy and relaxed tenants who are able to enjoy their tenancy in a calm and trouble-free manner; and for our landlords to be at ease knowing that their Investment is fully occupied by good tenants and managed in a professional manner.'
Carl Allsopp, Managing Director
Properties For Rent in Dubai Here is a selection of villas and apartments we currently let for our clients across Dubai.
6 Bedrooms Type D, Polo Homes, Arabian Ranches, Dubai
4 Bedrooms Vista, Sienna Lakes, Jumeirah Golf Estates, Dubai
Villas For Rent in Dubai
5 Bedrooms Villa Valencia, Jumeirah Golf Estates, Dubai
5 Bedrooms Dante, Olive Point, Jumeirah Golf Estates, Dubai
Apartments for Rent in Dubai
Royal Beach Residence, Murjan 4, Jumeirah Beach Residence, Dubai
2 Bedrooms Apartment in D Type, Shoreline Apt - Das, Palm Jumeirah, Dubai
Allsopp & Allsopp Dubai Real Estate Agents If you would like further information on letting your Dubai property, contact Allsopp & Allsopp Dubai letting agents on +971 4 4294444 or visit our offices 26th Floor, Vision Tower, Business Bay, Dubai, UAE PO Box 55720 www.allsoppandallsopp.com