For those looking for flexibility or shorter-term residential solutions, Dubai's rental market offers a wide range of options. From fully serviced apartments in the city's more cosmopolitan areas, through to luxury villas in Dubai's leafy, tranquil suburbs, there is something for everyone.
As with all property selection, location is crucial in Dubai. Added to this, the relatively high demand for property here, means that it is important to make the right choice to expedite the rental agreement.
We are experienced team of consultants have many years of experience within Dubai's rental market and can advise you on property location, amenities, rates and utilities. With all the right information, you have the peace of mind to select the perfect home to suit you and your family's lifestyle.
Rental Guidelines
Once you have decided upon a new home, it may be helpful for you to take the following few important guidelines into consideration.
The leasing consultant will request the following from you:
If the Tenancy Contract is to be in your name:
- passport copy
- residence visa copy or
- company letter confirming visa is in progress (if residence not yet obtained)
If the Tenancy Contract is to be in the Company's name:
- company trade license
- passport copy
In Dubai, a 'security deposit' is requested for all properties, this is usually in the region of AED5,000 but is dependant on the rental price of the villa. This 'security deposit' acts as a 'holding deposit' to secure the villa for you until such time as all the relevant paperwork can be drawn up and the tenancy contract is signed. The deposit at this stage is 'non-refundable' and as such only becomes 'refundable' once the agreement has reached its conclusion, the rental cheques have been paid and the tenancy contracts have been signed by both parties.
The landlord will then retain this deposit throughout the duration of the tenancy agreement and upon expiry of the tenancy contract and subsequent vacation of the property it is then refunded to you.
Once all of the above information is gathered together, along with your contact details, the villa can be fully secured for you and then it is up to us to take care of the rest.
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| Finance Company Requirements |
| The following is a list of documents commonly required by most mortgage providers in Dubai. This list may not be exhaustive, please check with your particular mortgage provider. |
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Completed application form from relevant lending company.
Copy of valid passport & resident's visa.
Current original dated salary certificate (stating designation, length of service, detailed breakdown of salary.) Dated within last 30 days)
Original bank statements for the last 6 months (can be up to 2 years in certain cases) showing salary transfer of employed individuals, business bank statements also required if self-employed.
Liability Letter (from your bank - original) or clearance letter.
Sale Agreement (between the customer & the developer). Proof of down payment (receipt).
Audited financial statements for the last 3 years (if self-employed) - original.
Copy of Trade License (if self-employed).
KYC form.
Proof of down payment/deposit (receipt).
AED 3500 (cheque) which is part of the processing fee
Post - dated cheques or standing order.
Details of property. This will include a copy of Receipts for payments made by the owner to the Developer to date.
o Life and property insurance - This may require a medical, dependant on sum assured. |
| Note: All applicants are required to have been permanently employed with their current company for a minimum of 1 year before applying for a mortgage. There is a minimum age requirement of 21 years and maximum of 60 years for expatriates (65 years for UAE nationals) at the maturity of the loan. |
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