Planning to relocate to Dubai? Do you know how the tenancy contract works?
All tenancy contracts in Dubai usually are for a period of one year (12 months). The contract start date usually begins between one to two weeks from finalizing a property. This is dependent on how ready the property is.
The following three payments will be required when entering into an agreement:
Security deposit
This is usually five to ten percent of the annual rent. This will vary depending upon the realtor and whether the property is furnished or unfurnished.
This is paid one year upfront, for a 12 month period.
Agency commission
This varies between five percent of the annual rent or up to AED 5,000 for apartments and up to AED 10,000 for villas, whichever is higher. Once we have finalized your property, we advise you to refer all contact from the property agent to us. This way, we can review and ensure all requests and documentation is correct and as per standard procedure.
In Dubai, check is the preferred method for all payments; cash is not recommended. Most landlords prefer check payments even over bank transfer. It is at the landlord’s discretion how many check payments the rent can be split over. However, the expectation is that rent is paid in advance, in full for the year once the lease has been signed. If the agreement allows for multiple check payments, the checks for later payments should be postdated and handed over to the landlord upon signing the lease.
If you need with help with movers in Dubai, contact our local consultants.