While the entire UAE is jam-packed with lucrative career opportunities and housing facilities, there’s something overwhelmingly hypnotizing about Dubai. Consequently, the city has experienced a significant move of expats in the past few years.
Although Dubai Expo 2020 has contributed highly, the ample employment spaces also add to this cause. Most foreigners arrive in the city empty-handedly, so they are expected to seek a property to rent in Dubai instead of buying. But, it’s not just an obligation, but a perk. Wondering how? Let’s find out below.
- Selection of Location
Let’s be honest; no one can imagine buying a house in Downtown Dubai or Palm Jumeirah until becoming financially stable enough to endure the payment for luxuries. However, when you rent, you can choose the neighbourhood where you wish to reside. Under the temporary contract terms, you can move and pick your location and make it your home.
- Financial Flexibility
Renters have more financial flexibility than homeowners as they’re not tied to a hefty mortgage or the property’s maintenance. In addition, the clause of making the rental payment for the entire year will save you from extra hassle. However, upon signing a flexible payment plan, you gain the feasibility of moving to a less expensive neighbourhood with convenient amenities if you can’t pay the rent for the period.
- Affordable Renting Insurance
Renter’s insurance, also known as tenant’s insurance, is an insurance policy that arrives with some of the benefits of homeowner’s insurance. But, it doesn’t include the coverage for the structure and dwelling, except for tiny alterations that a tenant makes to the property. Fortunately, renter’s insurance is relatively cheaper and safer. That’s because you won’t be paying for the coverage of the property but for the sake of your belongings.
- It’s the Landlord’s Market
It’s a moment of pure bliss for tenants, but why? Despite the fact that Dubai bends more towards renters, the primary responsibility of home maintenance and repair lies within the landlord’s wallet. For instance, if there’s a leak in the ceiling, it’s the landlord’s call to get it fixed for you.
- Plenty of Choices
As we know, residential high-rises and clusters in Dubai arrive with built-in amenities and top-notch facilities, and renters can enjoy the presence of lush-green parks, swimming pools, and fitness centers. Also, they don’t need to pay extra charges for it. Isn’t that cool? These perks seem even more beneficial as privately-owned houses only grant such luxuries once you invest.
- Zero Emergencies
Upon signing a tenancy lease, both parties, i.e., landlords, can’t force any obligation on tenants. For instance, tenants aren’t responsible for any urgent repair or maintenance that comes off over the period. In case it happens, landlords must own the responsibility unless mentioned otherwise. Fortunately, there are no property taxes in Dubai, so they can’t be a matter of dispute between them.
Final Thoughts
Life in Dubai makes you more like a wanderer who wishes to absorb the beauty of every nook and cranny of the city. While renting in gorgeous Dubai is a treat to the senses, it’s a seamless procedure with more perks landing on your side. Still, we suggest you connect only with reputable real estate agents when finding accommodation for yourself in the city of your dreams.
