Finding Accommodation Dubai UAE: Renting/Buying- Are you planning to move to the United Arab Emirates (UAE) for work or lifestyle reasons? The UAE, with its dynamic cities like Dubai and Abu Dhabi, offers a wealth of opportunities for expatriates. One of the foremost considerations when relocating to the UAE is finding suitable accommodation. In this comprehensive guide, we’ll explore the various options for accommodation in the UAE, from renting apartments to buying properties. We’ll also delve into the key factors to consider, popular residential areas, renting processes, and the rights and responsibilities of tenants and landlords. Let’s get started on your journey to securing the perfect place to call home in the UAE.
Understanding the UAE’s Housing Landscape
The UAE is renowned for its luxurious and ultra-modern architecture, and it offers a diverse range of housing options, including apartments, townhouses, villas, and more. However, it’s important to be aware that while the country attracts expatriates with its tax benefits and professional opportunities, the cost of living, especially accommodation, can be quite high. On average, households spend up to 40% of their income on rent in the UAE.
Before we dive into the details of finding accommodation, you’ll need to make a fundamental decision: should you rent or buy?
Renting in the UAE
Renting is a popular choice among expatriates, especially for those who have recently arrived in the UAE. It offers flexibility, allowing you to explore different areas and change residences with relative ease. Here are some key points to consider when renting:
Rental Costs: Rental prices vary significantly depending on location and property type. Studio apartments can range from AED 30,000 to 50,000 annually, while one- to two-bedroom apartments may cost between AED 70,000 and 100,000 per year. Be prepared to allocate a substantial portion of your income to rent.
Short-Term Rentals: If you’re uncertain about your long-term plans, you can explore short-term rentals. These can be more expensive than annual leases, but they offer flexibility.
Rental Process: To secure a rental property, follow these steps:
- Arrive in the UAE.
- Begin your search online using reputable platforms like Bayut, Dubizzle, Just Property, or Property Finder.
- Consider hiring a registered real estate agent to assist with the search and paperwork.
- Prepare essential documents, including your passport, residence visa copy, marriage certificate (if applicable), work contract or salary certificate, and bank statements.
- Understand the rental contract and deposit requirements, which typically involve providing post-dated checks.
Utilities: Utilities like water and electricity are usually not included in rent. Be prepared for monthly expenses ranging from AED 500 to 600, with higher costs during hot months when air conditioning is essential.
Buying Property in the UAE
If you plan to stay in the UAE for three years or longer, buying property can be a wise investment. Property prices have recently become more favorable due to a 12.3% drop, making this period an attractive opportunity for property investment. Additionally, owning property in Dubai worth over AED 500,000 qualifies you for the Golden Visa Program. Here are the types of properties available to expats:
Freehold Properties: These grant full ownership, allowing you to make alterations, rent, or sell the property. However, they may have limited availability in certain areas.
Commonhold Properties: Commonhold properties, such as apartments and non-residential units, come with the right to sell or rent. Maintenance fees are typically required.
Usufruct Properties: These are essentially long-term leases, lasting up to 100 years. While you can rent out the property, making substantial changes usually requires owner approval.
Types of Accommodation in Dubai
Dubai offers a variety of accommodation types, including furnished and unfurnished options. Prices and quality of life can vary based on location and proximity to workplaces and amenities. Some popular residential areas in Dubai include:
Dubai Marina: A luxurious neighborhood known for its nightlife and accessibility to top restaurants.
Jumeirah Beach: Offers seafront residential complexes, a shopping mall, cinemas, restaurants, and coffee shops.
Downtown Dubai: Perfect for a modern cosmopolitan lifestyle, home to iconic landmarks like the Burj Khalifa and the Dubai Mall.
Deira Dubai: A historic and bustling neighborhood with a quaint feel, where you can navigate via water taxis called abras.
Palm Jumeirah Island: Home to luxury hotels and the Atlantis Resort, with higher rent costs but excellent amenities and less traffic.
Renting in Dubai
Renting options in Dubai vary from recent city center apartments to properties on the outskirts. You can find apartment buildings and villas, often within compounds offering amenities like swimming pools, sports facilities, and security services. Keep these details in mind when renting:
Tenancy Contracts: Typically signed for a year, with quarterly or yearly payment options. A security deposit is required.
Agent Fees: Agents typically charge around 5% of the rental value, but they can help avoid misunderstandings with landlords.
Penalties for Early Termination: If you need to move out before your rental contract ends, expect penalties.
Rights and Obligations of Tenants and Landlords in the UAE
Understanding your rights and obligations as a tenant or landlord is crucial in the UAE. Some key points include:
Landlords: Must provide an English-translated rental contract, issue a receipt for the security deposit, and adhere to agreed-upon rent rates during the lease term. In furnished rentals, a list of items should be provided.
Tenants: Carefully review rental contracts before signing, seek landlord approval for major alterations, avoid subletting without written consent, and maintain the property.
Payment: Bounced rent checks are considered a criminal offense in the UAE, so ensure your finances are in order.
Finding Accommodation in Dubai
To find accommodation in Dubai, consider visiting real estate websites, classified ads in local newspapers, or working with registered real estate agents. Agencies are experienced in assisting expatriates and ensuring their needs are met. If you opt to rent directly from landlords, have your contract reviewed by a knowledgeable expert in lease agreements.
Accommodation Costs in the UAE
Before we wrap up this guide, let’s delve a bit deeper into the costs associated with accommodation in the UAE, focusing on Dubai and Abu Dhabi, the two most expensive emirates.
Average Annual Apartment Rent in Abu Dhabi:
One-Bedroom Apartment: High End – 106,630 AED (29,000 USD), Lower End – 65,780 AED (17,900 USD)
Two-Bedroom Apartment: High End – 153,130 AED (41,690 USD), Lower End – 95,000 AED (25,860 USD)
Three-Bedroom Apartment: High End – 200,630 AED (54,620 USD), Lower End – 123,890 AED (33,730 USD)
Average Annual Apartment Rent in Dubai:
One-Bedroom Apartment: High End – 96,670 AED (26,320 USD), Lower End – 56,200 AED (15,300 USD)
Two-Bedroom Apartment: High End – 140,000 AED (38,115 USD), Lower End – 79,000 AED (21,510 USD)
Three-Bedroom Apartment: High End – 190,000 AED (51,725 USD), Lower End – 105,000 AED (28,585 USD)
Average Annual Apartment Rent in Sharjah:
One-Bedroom Apartment: High End – 45,000 AED (12,250 USD), Lower End – 30,000 AED (8,170 USD)
Two-Bedroom Apartment: High End – 70,000 AED (19,055 USD), Lower End – 45,000 AED (12,250 USD)
Three-Bedroom Apartment: High End – 90,000 AED (24,525 USD), Lower End – 55,000 AED (15,000 USD)
As you can see, Dubai and Abu Dhabi are on the expensive side, but other emirates like Sharjah, Fujairah, and Al Ain offer more budget-friendly options. Keep these figures in mind when planning your accommodation budget.
Final Thoughts
Finding accommodation in the UAE is a significant step in your journey to living and working in this vibrant and dynamic country. The choice between renting and buying depends on your circumstances and long-term plans, but both options offer unique advantages. Dubai, with its luxurious neighborhoods and iconic landmarks, provides an exciting backdrop for your UAE adventure.
Remember to carefully study your rental contract or property purchase agreement, adhere to your rights and responsibilities, and ensure your finances are in order to make your transition to life in the UAE as smooth as possible. With the information provided in this guide, you’re well-equipped to navigate the UAE’s housing landscape and find the perfect place to call home in this extraordinary part of the world.
We hope this comprehensive guide has been helpful in demystifying the process of finding accommodation in the UAE. Whether you’re drawn to the bustling streets of Dubai or the more tranquil surroundings of Abu Dhabi, your new life in the UAE awaits. Happy house hunting!
Finding Accommodation Dubai UAE
Disclaimer: The rental prices mentioned in this guide are approx. amount and are subject to change. Please verify the most current rental rates before making any housing decisions in the UAE.