Professional help to start a business
Do you plan to invest in real estate in Dubai to make money on it? Do not know where to start? In this case, it would be wiser and easier to use the services of the specialists.
Features of the rental business
Real estate rental in Dubai is one of the most profitable industries. At the same time, it is important to remember that the processes of searching for tenants, as well as drawing up and officially registering an agreement, are strictly regulated and require mandatory compliance with certain standards. Legal relations between the owner and the tenant are regulated by Law No. 26 of 2007 and the relevant amendments thereto.
The lease agreement must not only be drawn up correctly, but also endorsed in the Ejari electronic rental agreement registration system. This system ensures a transparent relationship between tenant and landlord.
Even if this condition is met, you cannot simply start renting out your housing. The owner must get a license to operate the hotel and hotel apartments. In this case, you are able to use one of two options: obtain a license and run a business on your own, or seek help from a licensed management company that will take on all the obligations.
Residential and commercial real estate management
If you do not plan to move and live in the UAE, but want to make a profit from renting out real estate, the company's specialists will help to organize the necessary business processes competently and efficiently without you even present in the country.
Before concluding a trust management contract, it is important to discuss and agree on all the details. After that, the solution to problems will pass to specialists, and you will begin to receive passive income without having to worry about the tenants, the furniture, and all the other things connected with renting out real estate.
In addition to residential real estate, you are able to also arrange the management of the commercial facilities: shops, cafes, offices, etc.
The area of responsibility of the management company includes:
- preparation of necessary documents at the every stage of the deal;
- registration in Ejari (an electronic registration system that is established to protect the rights of everyone involved in rental deals);
- search and settlement of tenants;
- maintenance of the facility during the lease period;
- cleaning before and after the settlement;
- payment of utility bills;
- monthly maintenance fee.
- Tranquility. You do not need to worry about the organization of business processes - the specialists will do everything for you.
- Awareness of all trends and changes in the real estate market, access to verified statistics.
- Personal approach to each client.
- Turnkey service - a full range of services starting from the arranging of the documents to the search for tenants.
- Your real estate is safe. The management company is responsible for its safety. You are able to safely travel or live in your native country and just earn an income without stepping a foot in the UAE.