6 Mistakes You May Make When Signing Up With Dubai Rental Property - Part 2

Continued from Part 1

4. Missing out on visiting the apartment before moving in: Take a good look at the place because it is going to be your home for a while even if it is not on a long term basis. You don’t want to move in and find out the pipes leak or there is not enough room to hold your dresser table, etc. Hence, talk to your landlord before you move in about all the things that need to be fixed and taken care of. You can check the faucets and the flush in the toilet. Check the power by turning on the lights, the air conditioner and other sockets for the appliances you would use. You can even go and pay a visit to the neighbours just to know how the place is overall. This way, you won’t even have to pay extra for stuff that is damaged or worn out. Another good practice would be bringing a measuring tape and just trying to picture your furniture in the given space and so on.

5. Not reading the lease thoroughly: A lease is a legal requisite, a contract that has to be signed between you and the landlord. It is a type of form that tells you exactly what your rights are and the specific rules you must follow when renting an apartment. Read it with an absolutely focussed mind and make sure you understand all the terms and conditions before signing the dotted line. It will talk about the different fees, fines, restrictions, length of the lease (say, six months or one year), your rent, security deposit, etc while you are staying. If at all you don’t understand, do not worry, but get it explained and don’t be in a rush. Besides, make certain you know what happens to your lease agreement at the end of your term. Also know what is the notice period before you can relocate.

6. Taking insurance too lightly: Buildings are most of the time insured, but have you thought about your own personal insurance? What if you had to lose or probably break or dent your valuables in the event of theft, fire or any form of calamity? Nobody would take the blame, right? Thus, always get your valuables insured. It is true the insurance won’t stop a water leak, but it can always endow you with financial reimbursement.

Dubai is indeed one of the hottest markets when it comes to buying rental property and if you are smart enough you would know exactly what to do and when. Also, keep in mind the above six pointers and you will be good to go! All the best!