Dubai is a beautiful cosmopolitan city, where you can find numerous opportunities if you are looking to relocate or invest. The main advantages of Dubai are the city’s strategic location, the cutting-edge infrastructure, and favorable tax policies, which make it an ideal place for businesses and investors. Dubai’s real estate market is growing day by day and has numerous high-end residential and commercial projects currently in progress. Dubai also has a vibrant culture, very inspiring architecture, and top-notch amenities, which make it an excellent place to live or do business. The government of Dubai is supporting innovation and entrepreneurship, which has resulted in the establishment of several free zones and startup incubators. In overall we can say that Dubai is a fascinating blend of modernity and tradition, and it’s very attractive to those who are looking to move or invest in the Middle East.
How about expats and tourists? Well, Dubai is one of the most popular destinations for expats and tourists alike. It’s well known for its luxurious lifestyle and stunning architecture. If you are planning to move to Dubai or are already living there and looking for a new place to stay, renting a flat can be an excellent option. We at Dr. Werner & Partner have created a simple guide to help you decide and find the right flat that meets your needs and budget. In this guide, we will provide you with all the essential information you need to know about renting a flat in Dubai.
Researching the Market in Dubai
Before you start looking for a flat in Dubai, it’s very important to research as Dubai has several areas where flats are available for rent, and each area has its own unique characteristics. You should know that some areas may be more expensive than others, and also the distance from the center matters. It’s not difficult to find areas with amenities such as malls, restaurants, or schools, but if you are the kind of person that wants more quietness, maybe you should consider a residential area a little bi further the center. We recommend making a pro and cons list and consider your lifestyle, budget, and preferences when researching the market.
You can use different ways to research the market, such as the online platforms like Dubizzle and Property Finder, zou can speak to local agents, and network with other expats. You can find everything online, including rent prices, photos, and descriptions of flats available for rent. While speaking to local agents can give you valuable insights, you can also dig online to find the right flat that meets your needs.
Setting a Budget for your rental in Dubai
Setting a budget is one of the most important parts of renting a flat in Dubai. The cost depends on the area, the size of the flat, and the amenities it provides. Some flats may come fully furnished, while others may be unfurnished. But, there may be additional costs associated with renting a flat, such as a security deposit, agent fees, or utility bills.
We recommend that you don’t spend more than 30% of your income on rent. However, everyone is different and the reasons for investing in Dubai might be various, so the budget always varies depending on your lifestyle, income, and other expenses.
The best part – Finding a Flat
Once you have done your research and set the budget, it’s finally the time to start looking for a flat. Just think of your goals and aspirations and try to imagine yourself in different areas. Choose the one that gives you a good feeling. If your intention is to study in Dubai, you will discover that there are prominent domestic universities like the University of Dubai (UD), along with numerous satellite campuses associated with various universities worldwide. Compare the cost of living in Dubai with that of your hometown using a comparison site such as Numbeo.
Moving In
Make sure to always sign a lease agreement. As you might know, moving into a rented flat in Dubai involves several steps, such as obtaining the necessary permits and licenses, setting up utilities and services, and adding furniture and appliances.
Please don’t hesitate to contact DW&P for any questions or consultation, our professionals would be happy to assist you.
Disclaimer: The above-mentioned article is simply based on independent research carried out by Dr. Werner and Partner and cannot constitute any form of legal advice. If you would like to meet up with any of our representatives to seek further information, please contact us for an appointment.
