Being a landlord in Dubai has become more popular over recent years. You want to be able to rent out your property with as little hassle and fuss as possible. The property needs to look great and attract potential tenants. Here is our guide to…
Being a landlord in Dubai
The first thing you need to know is that the price you set is the biggest factor is attracting a tenant. Speak to local professionals who will assess the open market price you can advertise. Speak to a few of these and settle on an agent who knows your local market well. This will help you find tenants quickly. Time is money.
Get the property looking great
With a lot of competition on the market, you want your property to stand out since it will have a lot of competition.. Deal with any issues in the property, give it a lick of paint or whatever it is you need to do in order to stand out. The easiest properties to rent out are those that look great. People will want to live in your property if it is presented well. If you don’t do this then you lose money.
Be ready to attend viewings
People lead busy lives so they want to view your property at a time that suits them. If you are not available then they will look at something else. Make sure that you can attend the viewings that will get your property rented out. The clever landlord has arrangements in place that make it easy for tenants. Be that type of landlord with your potential tenants because is helps to rent your property.
Be ready to negotiate
People love a bargain so be prepared for them to make an offer. Consider every offer that comes you way as it could be the right tenant. Don’t discard any offers until you know how popular your property might be. The first offer might be the only offer for a while so be a little flexible.