Renting your purchased property?

a)  After completion, what is the estimated average annual rental for units?

Studios: typically range from AED 28,000 to AED 35,000

One Bedrooms: typically range from AED 35,000 to AED 60,000

Shops: varies but typically range from AED 50,000 to AED 80,000

 

Property owners can expect rental yields of 6% to 10% p.a. on the value of their property. The rental agents’ charges to manage the property on behalf of the owner are approx. 10% to 12% of the annual rental amount.

 

b)  What does the rental agent charge for property care, repair and maintenance? 

The rental agent's charges for care, repair and maintenance are usually actual costs + a 30% markup. The charges are borne by the property owner.

 

c)  Is the rental market robust? 

Yes it may be beneficial to read the Gulf News’ (leading UAE daily newspaper) articles on rentals and market trends.