Choosing a RERA Licensed Broker

When selecting a real estate company to rent or sell your property in Dubai, it is important to choose wisely. Ensure that the brokers are RERA (Real Estate Regulatory Agency) licensed and regulated, which guarantees their expertise and knowledge of Dubai’s property laws.

At REDLAC Real Estate LLC our RERA-licensed brokers are dedicated to exceeding your expectations by providing accurate property valuations and professional guidance. Trusting the right broker can help rent your property faster and more efficiently.

Landlord Fees for Renting

As a landlord, the following fee structure applies:

  • Tenant’s Agency Commission: The tenant is responsible for paying 5% of the annual rent as a commission

Exclusive Services for Landlords (Free with Exclusive Agreement):

  • Property Valuation: Accurate assessment of your property’s rental value.
  • Property Inspection Report: Detailed report on the condition of your property.
  • Check-In and Check-Out: Organized and documented process for tenant move-ins and move-outs.

Property Management Services

REDLAC Real Estate serves to handle every aspect of your property, including:

  • Renting and tenant management
  • Financial management, including rental income and banking
  • Contracts and legal documentation
  • Utilities setup and maintenance

With Fees: Start at 5% of the annual rent.

Costs to Consider When Leasing

To ensure your property remains attractive to tenants and well-maintained, consider the following costs:

  • Painting, Maintenance, and Cleaning: Necessary to maintain the appearance and functionality of your property.
  • Major Maintenance: Address any ongoing or necessary repairs to prevent long-term damage.
  • Service Fees: Annual service charges for your property (e.g., security, maintenance of common areas).
  • Utility Deposits: Initial deposits for setting up utilities for new tenants.
  • Ejari Registration: Legal registration of your rental agreement through Ejari, which is mandatory in Dubai.

Landlord Required Documents

To legally rent your property in Dubai, you must have the following documents:

  • Title Deed: Proof of ownership of the property.
  • Passport(s): Required for verification.
  • Emirates ID: Mandatory for Dubai residents.
  • Visa: Residency visa for landlords residing in Dubai.

The RERA Rental Process

The rental process in Dubai is regulated by RERA to protect both landlords and tenants. It involves:

  1. Property Valuation: Determine a fair rental price.
  2. Listing and Marketing: Advertise the property to potential tenants.
  3. Tenant Screening: Select the best tenant based on financial stability and background checks.
  4. Contract Signing: Both parties sign a tenancy contract that follows the Dubai tenancy laws.
  5. Ejari Registration: Register the rental contract through the Ejari system, a legal requirement in Dubai.

By following this guide and working with a RERA-licensed broker, landlords in Dubai can ensure a smooth and efficient rental process.

Skyscraper Stock photos by Vecteezy