Many international investors bought property in Dubai to take advantage of the high current rental return (about 7-9 per cent annually), which is often guaranteed by the developer. But, given the current situation in the world, caused by quarantine in most countries (including the UAE), it becomes impossible to personally rent out your housing in another country. And just about time, an indispensable Property Management service comes to your help.
When buying property in Dubai and transferring it under the full management of the Management Company, you save a lot of time and effort, as the company will do everything for you: complete the renovation if needed, find tenants and solve all issues and problems associated with the tenancy. From our special Property Management Guide, you can learn more details about what it includes and why you should pay special attention to this option, if you do not live in Dubai and lease your property here.
The fact that today tenants also prefer to deal with the management company rather than with the owner is no longer in doubt, because this option frees both sides from unnecessary stress. Both landlords and residents feel more confident, knowing that they no longer need to worry about water leaks or late payments, as you can always contact the agency with any of these and other problems.
How much will Property Management service cost me?
Real estate management fee is 5 per cent of your property’s annual rental price (but not less than AED5000 or US$140) and will be charged automatically after the payment period terminates. To learn more about the general Terms and Conditions applicable with this service, please contact our property management specialists.
What is included in the service package?
The list of what a real estate specialist will do for you is quite long. Here are just a few of the benefits:
Drawing up a Lease Contract
Rental payments collection
Registration of a lease contract in the EJARI state system
Checking the condition of the property upon the new tenant’s moving-in/out
Detailed inventory report
Completing repairs and maintenance
Getting and giving the keys
Inspection of the housing unit and general cleaning before lease
Helping the tenant to move in/out
And that’s not all. You can find a more detailed list on our information page about the conditions for the provision of management services.
You can get the Property Management service by contacting IMEX Real Estate. We will tell you about all the nuances of real estate management. Address the professionals and get income from your rented property without having any headache!
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IMEX REAL ESTATE BROKER LLC, UAE
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE