How to Find an Apartment in a Competitive Rental Market
Since expatriates cannot be given permanent residency in Dubai, renting is an appealing option to stay in the city. However, the Dubai property market is very competitive and getting a suitable apartment is tough. If you would like to get a suitable unit, you will need to do more than just filling out the application.
If you are looking for an apartment in Dubai, you should check out the Emaar Beachfront apartments. They are some of the most popular off plan properties for sale in Dubai. Also, if you need a bigger space than an apartment, you can consider townhouses at Port de la Mer by Meraas.
Here are some tips to help you get your ideal apartment in a competitive market:
I. Reliable referees
Landlords and property managers receive a lot of applications on a single unit and checking the references is the final step in their decision-making process. So, when adding references in your rental application ensure that you have added relevant information. Also, it is good to inform your references ahead of time. The landlord or property manager is unlikely to call back if they don’t get an answer.
II. Prepare deposit and rent in advance
In most cases, potential renters miss out on a property because they are not prepared in terms of finances. In a competitive market, make sure you have a way to pay for the deposit and rent in advance. Since renting is not a cheap process, it is important to prepare enough funds.
III. Be ready to move
As the population in Dubai continues to increase, rental properties will be high in demand and low in supply. So, it is advisable to be ready to move in case you find an apartment that suits your needs. If you wait, you will find the property is off the market when you are ready to organize viewing.
IV. Use the technology to your advantage
The advancement of technology has changed the way we do things. Nowadays, you can easily find a rental unit on the internet. The best part is that you can customize your search to include properties that meet your needs. In fact, some websites enable you to fill your tenancy information.
V. Take care of your tenancy history
Most landlords and property managers check the tenancy history of potential renters before they allow them to move in. If you have any tenancy history issues, take care of them ahead of time.
