Tuesday, April 02, 2019
In Dubai Marina, the apartments are the most desirable. These have remarkably exotic views, excellent finishes and a full set of amenities. In the current times, the Dubai Marina rent prices have fared well.
Dubai Marina has continued to be one of the most popular neighborhoods in Dubai. In this area, the studios were listed at an average lease price of AED 65k per year. The 1-bed apartments in Dubai Marina dropped by 5% to command an average annual rent of AED 95k. If you were looking for 2-bed apartments for rent in Dubai Marina, you might have to pay an average of AED 140k per year.
The apartments in Dubai Marina were still the second most expensive.
As far as the most popular buildings for renting apartments in Dubai Marina is concerned, Marina Diamonds towers is a top one. It comprises of six buildings that offer a good range of furnished and a few unfurnished apartments. The towers comprise of studios, one and two bedroom flats. These have annual rents starting at AED 50k, AED 60k and AED 80k. Here, residents can enjoy wonderful facilities such as gyms and swimming pools in their buildings. Also, they can enjoy easy access to both the Dubai Marina tram stop and the DAMAC Properties metro station.
Before finding rental properties in Dubai Marina, you need to check as to what type of lifestyle you actually want. You need to keep your budget in mind as well. Usually, the property options can be categorized into villas and flats. Both these property types have their own share of advantages and disadvantages. Villas are likely to have more space and usually a private garden. However, these can be much more costly and time-taking to maintain in actuality. You might have to compromise on space if you are going for an apartment. But, these give you access to shared facilities such as a pool and gym. Thus, these tend to come with much lower utility bills.
Keep in mind that Dubai Marina has a good number of real estate agents who have specialized in specific areas of Dubai. Thus, if you have prioritized location, check if you can get hold of a realtor who has in-depth knowledge on the concerned area. You can get a list of approved Dubai real estate brokers from the Dubai Land Department. You must use this list when you are looking for a realtor.
Usually, agents charge a fee for their services. It is usually around 5% of the annual rent of the property. But, there are some agents who put their fees much higher. So, you must know in advance as to what the charges will look like. Certain real estate agents write a clause in tenancy agreements that means that you have to pay some form of fee every time the contract is renewed. In case you are not really happy with the terms on offer, you can negotiate about, or move onto a new agent.
In current times, the market here is active. Renting is common here. You can get a whole new set of options here. You can get completely unfurnished places as well as those that come with all furnishing. The services include security. You should consider this aspect in advance. There are certain areas that have a larger bunch of one accommodation type. So, the type of home you want will surely influence the location. You can even get fully furnished short term rents. However, these tend to cost a lot more.
Here are some tips for finding apartments for rent in Dubai Marina:
Look into the reliable apartment listings
Look into the reliable websites. Try to limit the listings based on your needs such as a number of rooms, areas, furnished or unfurnished, etc. In usual, the advertiser states certain basic info about the property. This includes rental amount, number of cheques over a rental year, security deposit, furnished or unfurnished, the appropriate time of the day to view the unit, tentative starting date, etc.
Narrow down in a few apartments that suit your requirement
For this, you need to call up the contact person mentioned in the listing. He should either be the agent or landlord. Try to formulate a plan. Shortlist the ones that you prefer. Do this three months in advance. In usual, the landlord or agent is interested in you if you're ready to move in within a month's time.
Visit the unit
You must make sure to take note of the little details when you visit. Try to take photographs if required. You must keep certain points in mind. These include access to and from the metro station or bus stop, security, proximity to your place of work, noise in the area, etc. You can even go one step further and interact with the neighbors to know if they face any challenges. Look into facilities such as a gym or swimming pool or parking facilities.
Make a timely offer
When you decide to take the unit, try to negotiate on the rental amount. You must not forget to bargain on the number of cheques! There are times when the landlord agrees to lower the total rental amount if the number of cheques is lowered. You must clarify other specifics such as when the contract will start, its duration, and deposit amount.
Book the property
In case you want the landlord or agent to secure that unit for you, you might have to pay a refundable security deposit. This is 5% of the rental amount. The cash or cheque is made payable to the landlord. However, it might be held by the agent until the deal has been finalized. You must be given a receipt for the deposit. In case, you later choose to back out from the deal, the agent is likely to hand over the cheque to the landlord.