Property Rental in the UAE

According to the Property Finder portal, during the first month of the fourth quarter of 2022, 53,756 lease contracts were registered in Dubai, 70.35% of which were for residential properties. 59.56% of deals were new contracts, while 40.44% were contract renewals. Annual contracts make up 89.3% of the total, while 10.7% were monthly. The average price for renting an apartment in the emirate during the first half of 2022 was AED 47,764 (USD 13,000).

The most popular areas for renting affordable apartments in Dubai are International City, Deira, Dubai Silicon Oasis, Dubai Production City (IMPZ), Town Square, Jumeirah Village Circle (JVC), Dubai Sports City, and Remraam. To rent luxury premium apartments, Downtown Dubai, Dubai Marina, Business Bay, Palm Jumeirah, Jumeirah, and Al Barsha are the most commonly chosen areas.

All real estate rental transactions in Dubai are strictly regulated by UAE legislation through the RERA agency, so renting an apartment in the emirate is legal, legitimate and fully transparent.

After the prospective tenant selects a suitable residential property on their own or with the help of a real estate agency, they must make a deposit of 5-10% of the annual rental value of the apartment. This amount will be returned after the rented property is vacated. Next, the contract must be signed in the presence of a witness, after which it must be registered through the Ejari system, which legally protects both parties of the transaction. The following documents are required to obtain an Ejari certificate: the original contract, copies of the passports of both parties of the transaction, visas and Emirates ID cards, the landlord's license or power of attorney if available, as well as a copy of the apartment's master plan and property registration certificate. The Ejari stipulates the obligations of both parties in the contract, and guarantees that the agreements concluded between them are transparent and fair.

The next step for the tenant is to submit an application to DEWA for the electricity and water supply connection.

For professional assistance in renting an apartment in Dubai, you can contact Metropolitan Premium Properties. Our highly qualified specialists will help you find a residential property that fits your budget and preferences, prepare all the necessary documents, explain all the points of the contract, and register it through the Ejari system. Metropolitan Premium Properties will make your move comfortable and safe, as well as save you time and effort.