As a landlord, you are responsible for a variety of tasks. Property management and maintenance are the two most essential tasks.
Evaluate the market price
It is crucial to get a marketing valuation, or CMA (comparative market analysis), from a local property expert to help you establish the rentable value of your property before you let it.
Choose your Broker
Choosing a RERA Licensed Broker will ease your process in listing your property. Not all brokers are trustworthy; our brokers at Fortune 5 bring in a strong market experience to provide you with an effective outcome.
Sign a RERA form
To list the property, all owner-registered representatives must sign a RERA listing form, documentation that allows the broker to market the property. Your broker will need a copy of the following Landlord required Documents to perform their due diligence.
- Title Deed
- EID (resident in Dubai)
- Visa (resident in Dubai)
Market your property
We provide you with an effective marketing package to help your property stand out in this competitive market.
The best way to get your property the exposure and tenants you want is through professional photography, online presence, listing on portals, and an active brokerage network.
Qualifying and Verifying Tenants
When you decide to find a tenant through an agent, you already know the type of tenant best suited to your property. Before signing the rental contract, your agent will create any explicit instructions you might have for the tenant.
Having your agent write a description of the property will help it stand out, take care of the work for you since they know the area well, and provide more information for potential tenants.
Setting up Viewings and Negotiations for the Property
Once you hire an agent, they will handle viewings and negotiations. In addition to providing them with an overview of the area, your agent will look at the local shops, fine dining restaurants, cinemas, cafes, and other facilities around and give them a sense of the community.
Moreover, he will keep you updated after all viewings are complete and provide you with advice on marketing strategy.
Right to Rent
Dubai Land Department requires landlords to verify that their tenants have the right to rent in Dubai. You must provide a copy of the original ID (valid visa, passport, and Emirates ID) either annually or at the expiration of the visa.