Select an agent and sign an agency agreement
Brief the agents about your requirements
Go for viewings with your agent
Shortlist a property that you like
Make an offer
Agree on terms and conditions of tenancy including price, maintenance, duration, etc.
Sign Tenancy Agreement, tenant to submit rent cheque and security deposit, pay agent fees
Complete Ejari registration and transfer DEWA to tenant’s name
Consult Coldwell Banker UAE’s Concierge department for assistance with packers, movers or other vendors.
Move in to your new property and celebrate!
Security deposit – 5% of annual rent
Agency fees – 5% of annual rent
7% of annual rent or AED 5,000 (which ever is higher) if the tenancy contract is signed for 1 year
10% of annual rent or AED 5,000 (which ever is higher) if the contract is signed for 3 years or more
ELIGIBILITY TO RENT A PROPERTY IN UAE:
You need to be a resident of UAE
You need to have a bank account in UAE
For commercial properties, you need to have valid Trade License