Being a landlord in Dubai is no small feat. The region has a significant number of regulations that landlords must adhere to in order to protect both themselves and their tenants. To be successful in this role, landlords must have a good understanding of the type of documentation required, the regulations for advertising and screening tenants, and the different documents that must be provided to tenants.
First, landlords must have all the necessary documents in order, such as a license to rent out the property, a tenancy contract, an Ejari agreement, a move-in/move-out checklist, and a move-in/move-out report. Once all the documents are in order, the landlord must advertise their property in a way that complies with the region’s laws. This can be done through online or print advertising, or through real estate agents. After the property is advertised, landlords must then screen potential tenants to make sure they are suitable for the property. This includes conducting background checks and looking for any red flags in their credit report.
Finally, after a tenant is chosen, landlords must provide them with essential documents, such as a copy of the tenancy agreement, a rental receipt, a copy of the agreement etc.