Renting residential or commercial real estate in the UAE is a profitable decision. Even from a small studio, you can earn a minimum of $1,000 monthly. But you need to understand the market nuances to strike a good deal. Dedicate five minutes of your time, and First Select agency will guide you through the most significant aspects.
Renting Real Estate in the Emirates: What You Should Know
The UAE is becoming increasingly popular for immigration, business relocation, and winter getaways. The demand for studio apartments or houses is rising, making it harder to find responsible tenants.
As a landlord, you have a multitude of responsibilities:
- Regularly check if the contract is being upheld, look out for any violations, and address neighbor-related issues. All these tasks consume a significant portion of your valuable time.
- Keep an eye on legal nuances; you might need to gain knowledge of these to ensure you get all your income. For instance, individuals renting out apartments must pay income tax to the UAE budget regularly.
- We are negotiating with representatives of various authorities, who predominantly communicate in Arabic.
You can simplify matters by entrusting your property management to First Select. Our agency's objective is long-term, mutually beneficial cooperation.
We take care of all aspects of renting out your property:
First Select will find a responsible and financially capable tenant, boosting your capital.
RESIDENTIAL AND COMMERCIAL PROPERTY RENTAL
We know the UAE real estate market is more complex than its European counterpart. Hence, we consistently keep our finger on the pulse and are ready to step in at any moment to address emerging issues. Another challenge is the level of service, which is significantly lower in the Emirates compared to CIS and European countries. The mission of the First Select team is to solve these problems: You receive top-notch European service in the Emirates.
Furthermore, to maximize our client's comfort, we offer two weeks of free stay in any properties we rent at our expense. This way, you can maintain your rental income while enjoying the convenience of living in the UAE.
we know how to rent
real estate
profitably!
- For any budget and wishes
- Leading experts in the field advise
- On-site ROI calculation
How Much Can You Earn from Renting Property in Dubai?
Here are some popular investment options in residential real estate in the UAE that yield stable profits.
Average Horizon: 3 - 6 months
Risk Level: Moderate
Suitable for Sub-Landlords and Those Who Already Own Apartments and Want to Increase Rental Income.
You can invest at the initial construction stage and profit in two steps: first, from the property's value increase and then from rentals.
rent
48,000 AED/year х4 = 192,000 AED
services
expenses
Average Horizon: 6 - 12 months
Risk Level: Low
Suitable for Those Who Want to Preserve Capital and Shield It from Inflation
Cons: The property's value increase in such options is more prolonged.
annual rent
Full-Service Company
We assist with property selection, renovating, finding tenants, and taking complete management under our wing.
Honest Consultations
We provide a realistic assessment of opportunities and risks. We won't sell you something we wouldn't buy ourselves.
High Engagement
Our company's management and managers are involved in all relocation stages and are always in touch with clients.
Experienced Team
Our team includes professional brokers with over ten years of experience in the market.
Service
We resolve all issues quickly and clearly, maintaining a high level of service, which is rare in the local market.
Safety
We provide support in obtaining all necessary documents, and all services are strictly in compliance with UAE legislation.
invest in solutions, not promises!
Calculate ROIfrom 40%
Profitability
from resale
from 10%
An initial fee
from 7-8%
Rental
yield
0%
Agency
commission
FAQ
What are the responsibilities of a tenant in the UAE?
The rights and responsibilities of parties involved in a lease are regulated by UAE legislation. Law No. 26 of 2007 and Law No. 33 of 2008 state that a tenant must pay rent within the specified period and, upon the contract's expiry, return the property to the landlord in the same condition it was when the tenant moved in. If the tenant has made any improvements at their own expense, they must leave them for the landlord without demanding compensation.
I want to rent out my property. What will be the tax?
This type of tax in the UAE is called Rental Income Tax, which amounts to 5% of your annual income.
Who will pay for utility bills and maintenance fees?
The tenant pays for gas, air conditioning, water, and electricity in a standard contract. On the other hand, the owner covers the expenses for property security, maintenance, landscaping, and more. However, everything is negotiable, and if you wish to avoid these payments altogether, we can find a tenant who agrees to cover them.
I need a residency visa. Does this mean I can't rent out property in the Emirates?
Not at all. Residency or citizenship is optional for landlords in the UAE.
Renting out commercial or residential property is new to me. What should I do?
When collaborating with First Select, you must do very little: sign a contract, inform us of your requirements, and await our candidate profiles. We'll schedule a convenient viewing time if you're in the UAE. If you're not in the UAE, you can trust us to select a tenant for you, or you can come for a viewing. In this case, we offer you a unique proposition: a two-week free stay in any of our properties. This way, you'll preserve your rental income without sacrificing comfort in the UAE.
About Us
Video testimonials
About Us
Our clients testimonials
We used First Select to find a long-term tenant for our Dubai apartment. Six months have passed since the beginning of the lease, and we haven't regretted it for a day. The tenant is very responsible, and the rental income is good. We recently checked the apartment, and it's in decent condition. Thanks for the assistance.
We're pleased with the cooperation. We quickly found tenants for our office, completed the paperwork in a couple of weeks, and the tenant moved in right on the day of our departure. Thanks for the speedy work!
