The Dubai rental market is a real dream for real estate owners. The inexhaustible inflow of tourists, the high standard of living of visitors sets a certain bar to which the problematic for landlords clients do not reach.
And the very principle of this business in Dubai is different from the usual.
How to earn on rent in Dubai?
The owner of housing, which is rented out, is actually completely free from problems with its management. All issues are handled by a company with experience in managing dozens of such apartments.
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What attracts Dubai tourists?
Basically, they tend to come here, if only because it is one of the most dynamically developing cities in the world.
Back in 1990 the population of Dubai did not reach 500 thousand people, 10 years later there were already 907 thousand people, and by 2010 the population increased to 1.8 million people.
To come even as a simple tourist is worth at least once to feel this real, genuine beat of life. The city on the Arabian Gulf, hot in summer and comfortable in winter, glowing with countless lights at night and flooded with sunshine every day.
There is no rainy season here and that makes it a year-round resort. How many tourists come for a few weeks, want to live in comfortable, beautiful apartments and save money on hotel? According to various estimates for 2023, 17.2 million tourists came here. Before that, the record was 16.9 million tourists per year. It is expected that this figure will continue to grow.
In addition, Dubai is easy to get to from almost every corner of the world. The airport within the city limits, easy transfer to any part of the city makes traveling simple and understandable. One third of the world's population lives within a four-hour flight. Getting from an apartment in Moscow to an apartment in Dubai may take a little longer than that, but that speed is like a teleport. Many airlines use the UAE as a transfer point, and you can fly from here to anywhere on the planet.
The ultra-modern metropolis is filled with shopping opportunities of every class. Business conferences and world exhibitions are held here, there is entertainment for every taste. Even the most demanding tourist has something to occupy himself. At the same time feel safe: the UAE is among the most protected states. Emirates' migration policy provides a high level of personal security and stability of the social sphere.
Foreigners can easily acquire real estate ownership under a clear and transparent scheme, feeling the security of their investments at every stage. It is also worth remembering the unprecedentedly lenient tax legislation of the UAE. "4% for the purchase, zero for owning the property and zero on the income you get from it. There is no such thing in any country in the world," emphasizes Peter Raspopov, CEO of INTRUST.
The peculiarity of renting in Dubai
The rental market in Dubai is a unique combination of high demand and supply of quality housing, which makes it attractive to investors from all over the world. One of the key features is the ability to buy real estate and rent it out without being in the United Arab Emirates. There are professional management companies here that take care of all aspects of rental management, including finding tenants, contracting, maintenance and dealing with any problems that arise.
What's more, many developers in Dubai offer fully furnished apartments, making them even more attractive to tenants and simplifying the rental process for owners.
"We focus on making sure that the property they choose has important elements - gym, swimming pool, observation decks, view restaurants, an attractive reception area where all household issues are handled. Our selected options always include these aspects", - say INTRUST.
Usually developers have solved the issue of parking spaces: the city has a high density of cars, personal transportation is in high demand here. The tenant will have no problems with parking. To studios and one- and two-bedroom apartments usually comes one place as a gift, you do not need to pay for it additionally. Rental real estate in Dubai for the owner of the apartment becomes a simple and understandable service, which can be purchased "package" at the investment stage.
Place, place and place again
Objects that arouse interest and are in demand - they leave in a month, and sometimes in a matter of days. If the location is interesting, you need to "grab" it even faster, and here you can't do without a fast broker. In the case of buying an apartment for subsequent renting, location plays a key role. INTRUST notes that a beautiful view from the window adds up to 15-20% to both the purchase price and the rental price.
The next thing to pay attention to is the class of the object. In the UAE everything is clear - the level declared by the developer will be strictly observed. "There is A category, B category, there is C category. It can be comfort class, business class, premium class, luxury class, accordingly based on this pricing policy is built. It is possible to find an apartment for any request," believes Petr Raspopov.
He recommends to contact agents who understand the trends and know all the peculiarities of the legislation. Official partner of leading developers INTRUST guarantees an individual approach, clarity and high speed of execution of the application, which can be through a simple form on the company's website.
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Property investment in Dubai's real estate market can be a lucrative venture due to the city's high demand for quality housing. In fact, many investors purchase properties in Dubai to rent them out, despite not being physically present in the United Arab Emirates.
The ability to rent out property in Dubai, even when not residing there, is made possible by the presence of professional management companies that handle all aspects of rental management, including finding tenants, contracting, maintenance, and problem-solving.
