Learn what to consider before choosing a lease, the benefits, and tips for both tenants and property owners.
Business travelers, digital nomads, tourists and expatriates have made short term leasing in the UAE much more popular in recent years. Because short-term leases are flexible, convenient and include everything you need, they are perfect for those who need a home for a short period. In Dubai, Abu Dhabi and Sharjah, short-term leasing is now a common choice because of the many options, from high-end serviced apartments to studio flats.
Here are some important points to keep in mind before choosing a short-term lease in the UAE
If you’re staying temporarily, waiting for your permanent place or just on holiday, you should know the main points that affect the short-term leasing market in the UAE.
1. How long the lease lasts and how flexible it is
Leases in the UAE usually last from a few days to six months. It is especially useful for those who work on projects and for guests who prefer more privacy than hotels can provide. You should always confirm the length of your rental with the landlord or agent, so you don’t face any issues or penalties later.
2. Furnished and Amenities
Many short-term rentals include everything you need, like Wi-Fi, appliances for cooking and laundry machines. There are places that offer utilities, cleaning services and access to the gym or pool. Check the list of items in the package to help you compare what you are getting.
3. Legal Requirements
Most of the time, tenants must provide their ID, a copy of their passport and proof of their income or job. There are landlords who will require you to pay a refundable security deposit. In Dubai, long-term leases are registered with Ejari, but short-term leases usually aren’t unless the stay is longer than a set period.
4. The amount and the terms for paying the cost
Although short-term leases are flexible, you will usually pay more for them than you would for long-term rentals. Most of the time, you pay the rent all at once at the start or in monthly installments. It’s important to make sure that the rental price covers utilities, maintenance and service fees.
5. Best Places for Short-Term Rentals
Some parts of the UAE are better suited for short-term rentals. There are many apartments for sale in Downtown, Dubai Marina, JLT and Business Bay in Dubai. Many people in Abu Dhabi like to visit Corniche and Al Reem Island. A rental property close to transport, offices and tourist attractions is more attractive and convenient.
6. Choosing the Right Platform and Agency
Whether you use international sites such as Airbnb or Booking.com or local real estate agents, you have many ways to book short-term rentals in the UAE. If you use a licensed agent or a verified platform, your rights are protected and any dealings are legal.
7. Options for Extending or Ending the Program
You never know what will happen in life. Include in your contract terms that allow for early exit or the chance to extend your lease. This means you won’t face any legal or financial problems if your plans are changed suddenly.
8. The condition of the property and an inspection
Always check the property over before you sign the lease. Check for signs of wear, make sure all appliances are working and record any damages to avoid arguments when you leave. Taking photos and making written checklists can help you keep your deposit safe.
9. What Landlords and Tenants Should Know
Even though leases are short, tenants are still covered by UAE laws. Landlords must keep the property habitable and cannot evict tenants unless they give proper notice. Being aware of these rights means you will be treated fairly while you are there.
10. Changes in Demand and Prices over the Year
During peak tourist months which are November to March, short-term rental rates may change a lot. If you book your trip early or during slow times, you’re more likely to get a better deal and more options.
Conclusion
The rise in short term leasing in the UAE demonstrates how the country is flexible and attractive worldwide. If you’re a traveler, a business executive or a property owner, short-term leasing is a great way to get what you need. If you focus on the terms, prices, features and legal details of your lease, you can have an enjoyable and stress-free stay in one of the most lively real estate markets in the Middle East.
© 2024 Crivva - Business Promotion. All rights reserved.