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Landlord's guide
How to lease a property in Duabi

  • 4 min read
Landlord's guide How to lease a property in Duabi
The process of buying a property differs depending on where you are in the world. Our buyer’s guide will help you familiarise yourself with the process so your purchase will go as smoothly as possible.
Leasing your home can be a great way to generate that extra income while maintaining the ownership of the property. Here are 6 things to consider before you do:
  • Get a CMA

    Before letting your property you will need to get a marketing valuation, or CMA (comparative market analysis), from a local property expert to guide you on what your property is likely to rent for.

  • Hire a Property Management Team

    Consider giving your house to a Property Management team, especially if you own multiple properties or do so remotely. You can grant the property supervisor the power of attorney to deal with payment collections and renewal of your property on your behalf so you can have a total peace of mind.

  • Choose your broker

    Next, you will want to choose a broker to list the property with. Not all brokers or brokerages are the same and you should look for a brokerage you can trust with a good reputation and a strong marketing package to help your property stand out from the crowd in this competitive market. Professional photography, online presence and an active brokerage network are important to give your property the best exposure and attract tenants. You should also look for a broker with a wide reach as a good brokerage will bring tenants from far and wide to your door.

  • Be exclusive

    List your property exclusively with one agent. Exclusive listings give the broker the confidence and security to invest more time and money into marketing your property which will help you get the best result.

  • Sign a RERA form

    In order for your broker to list the property, all registered owners will need to sign a RERA listing form, a document giving them permission to market your property. In order for your broker to complete their due diligence, they will also ask you for a copy of the title deeds and your ID.

  • Make the property camera-ready

    You never get a second chance to make a first impression. Your broker should advise you on steps to be taken to make your property look its best for the photoshoot and for viewings. A fresh lick of paint is very effective ways to make a property more appealing to tenants and don’t forget the garden and front of the property to maximize the curb appeal.

  • Consider short-term rental

    If your property is furnished consider leasing your property as a short-term rental for higher returns. Short-term rentals tend to yield higher returns compared to the annual rental and offer more flexibility to landlords.

  • Stay up to date

    Once your property is listed you should be able to see it on the various property portals and your broker's website and viewings should begin straight away with tenants that the broker has on their books. Your broker should keep you updated after every viewing and should speak to you about the marketing strategy weekly.

Need help leasing your property? Schedule a call with our property consultants

Final action to get in touch with Betterhomes

So, you are ready to sell your property? Have you paid off your mortgage? Is the price you have set realistic? Will prospective buyers be able to make it to the viewing timings you have allotted? There is a lot to think about when you are selling your property. Use our handy guide to ensure you are prepared for your upcoming sale.