Buyers Guideline Sellers Guideline Landlord Guideline Tenants Guideline

 

1

Set your Price

You must set a clear price for your unit and find out at hand if there are any hidden costs associated with the property. You must check the following with your Agent:

  • Market Leasing Price
  • How many cheques you want
  • Amount for Security Deposit
  • Agency Fee
  • Utility Deposits (DEWA/ Cooling District/ Telecommunication) clearance
  • Housing Fee (if any balance)

2

Choose an Agent

Besides the obvious fact that your agent should be compatible and honest with you, there are certain prerequisites that you must consider before choosing one.

  • The Agency should be RERA Certified
  • The Agent should be RERA Certified and have a Broker Card with him/her all the time.
  • The Agent should follow the RERA Code of Ethics.
  • The Agent should be specialist in the area of your choice.

3

Documents Required

Tenant

  • Valid Passport Copy
  • Valid Visa Copy
  • Emirates ID Copy
  • Trade License & Company Stamp in Case of Company
  • Deposit Fee
  • Agency Fee
  • Housing Fee
  • Ejari Fee
  • Signed Tenancy Contract
  • Retain Bills & Receipts for all Payment Transactions

 

Landlord

  • Valid Passport Copy
  • Valid Visa Page (if Resident)
  • Emirates ID Copy (if Resident)
  • Trade License & Company Stamp in Case of Company
  • Title Deed Copy
  • Agency Fee
  • Signed Tenancy Contract
  • Retain Bills & Receipts for all Payment Transactions

4

The Tenancy Process

Once you have decided the price for your property, your Agent will gather all documents from you and market the property.  Once he has a serious tenant, your agent will submit the signed Tenancy Contract and Reservation Deposit (which will later be used as Deposit Fee).

Once you agree and sign the Tenancy Contract, all the payment cheques are submitted to you. In return, your agent will collect the Premise Key and all Final Utility Bills.

Once you have handed the property to the tenant, the tenant will Register for Ejari and later for all Utilities and Telecommunication. It is a practice for the tenant to change the locks and keep your original lock for when they move out of the apartment for security reasons.

5

Documents Retention

You must always secure the following documents and their copies for future use or reference:

  • Original signed Tenancy Contract
  • Original signed Addendums of Tenancy Contract
  • Receipt for all Leasing Payment Cheques
  • Copy of all Leasing Payment Cheques
  • Receipt for Security Deposit Cheque
  • Copy of Security Deposit Cheque
  • Receipt for Agency Fee
  • DEWA Clearance Receipt
  • District Cooling Clearance Receipt
  • Telecommunication Clearance Receipt
  • Copy of all communications and correspondence
  • Passport & Visa copies of Tenant & Landlord
  • Trade License Copy in case of a Company
  • Title Deed copy of Property
  • Old Ejari Cancelation Receipts
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