6 Mistakes You May Make When Signing Up With Dubai Rental Property

You could have taken up higher studies or taken a job in Dubai and have finally moved out of your parent’s home to make a career. Of course, getting your first real place is exciting, but at the same time it can become a nerve-racking experience. If you have invested your hard earned money, you are obviously looking out for peace and sanity, but if you don’t get it, what is the use of having your own space? And, no, I don’t mean in terms of less space or frustrating neighbours. Things could get worse than these, wondering what? Read on to know the five mistakes that could lead to major trouble if they are not taken care of in the beginning itself.

1. Always have Plan B: Whatever you do, it is always advisable to have a plan B. Now whether you are choosing between a career, a job, a home, etc you need to have a backup. It helps because you know what you can rely on if a certain thing ever has to fail. For case in point, if you have made up your mind to relocate make certain that you have talked about it with your parents. Talk to them about the possibility of moving back in if things have to go bad. Another alternative could be asking your relatives or friends for a helping hand if at all things go kaput at the last minute.

2. Save up enough money and stick to a budget:  Rentals in Dubai vary depending upon the location you choose. For example, if you choose a place near Jumeirah Beach the rates surely will be more than when you choose to live in at Bur Dubai. Thus, you should opt for a rental apartment that fits your needs and requirements along with your budget. Technically, you should not exceed beyond 30% of your total income and this includes your security deposit. I lay emphasis on sticking to a budget because it will tell you exactly how much money can be spent on rent, to feed yourself, as well as help keep the utilities running.

3. Get your priorities straight than regretting later: As mentioned earlier, rental properties in Dubai differ as per your needs. So, before you book one, make sure that you write down a list of all your basic requirements and then make a separate list of your additional wants. By additional wants I mean, the wants that would be nice to have, but you could live without them. For example, a fully furnished apartment, a gymnasium, a Jacuzzi, etc can be things you can easily miss and not regret, whereas safety and security, parking lot, transportation facilities, etc are things you simply can’t do without. Therefore, sort out your basic needs first.

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