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For press and media inquiries, please contact:
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Aline Pereira
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Head of PR & Communications
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Email: aline@allsoppandallsopp.com
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Phone: +971 4 429 4444
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Mobile: +971 52 283 3285

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Welcome to the 2022 Allsopp & Allsopp 2022 Annual Property Market Report

![A&A_MonthlyReport_September2022_ForWebsite_v8.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/A_and_A_Monthly_Report_September2022_For_Website_v8_bb2e605d23.jpg)

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September 2022 Dubai Real Estate Market Snapshot

In this week's episode of Taking Care of Business, Operations Director Paul Kelly and General Manager Marc Walters explain the new changes that have taken effect across the Dubai Real Estate Market. One of these being that owners can now only list their properties for sale with a maximum of 3 brokers, however, Paul and Marc explain the substantial benefits of going even further, and listing with just one.

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New Changes to the Dubai Real Estate Market

In this episode of Taking Care of Business, CEO Lewis Allsopp and COO Carl Allsopp share 14 business lessons that the pair have learned from 14 years since founding Allsopp & Allsopp back in 2008. They also discuss personal lessons that have shaped the two of them, and Allsopp & Allsopp as a company over the years.

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14 Business Lessons for 14 Years in Business.

<p>Overseas and intrigued about investing in Dubai? We've got you. Here's how you can do so.</p>
<p>To find out more, reach out to:<br />Lee Weston on +971 58 577 8542 or click here to send a Whatsapp message: <a href="https://wa.link/fomxd9">https://wa.link/fomxd9</a><br />Amy Dixon on +971 58 545 7183 or click here to send a Whatsapp message: <a href="https://wa.link/zbl7v5">https://wa.link/zbl7v5</a></p>

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Thinking of buying in Dubai even though you're not a resident? We've got the answers you need 

60 seconds with Anisha Sagar, Head of Property Management on one of the hottest topics of this year: Increasing rental prices.


While rental prices have taken a slight dip compared to June; it’s still a 17% increase compared to last year. This trend of higher rental prices is expected across Dubai.



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Increasing rental prices in Dubai - watch to find out more!

In this week’s episode of Taking Care of Business, CEO Lewis Allsopp and COO Carl Allsopp start off by celebrating Allsopp & Allsopp’s 14 year anniversary which happened this week! They then take a look into data from The Dubai Land Department and Allsopp & Allsopp for August, to give you the most comprehensive report on the current market conditions.



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What happened this August in the Dubai Real Estate Market? 

![AA MonthlyReport August2022 ForWebsite](https://strapiallsopp.s3.eu-west-1.amazonaws.com/AA_Monthly_Report_August2022_For_Website_bf4ac9de79.jpg)


Looking for mortgage rates? [Click Here](dubai/mortgages)
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 August 2022 Dubai Real Estate Market Snapshot

A rise in new tenancy contracts is to be expected outcome with rental prices rising so much, so quickly and landlords looking to make the most of this lucrative time. However, for tenants, this is an expensive time to make a move. 


Tenants are being served notice from landlords and often find themselves wondering what the conditions of this notice are and if there has been a breach in contract. 


Many owners are choosing to serve a 365-day notice to their tenants in the hope of achieving a higher rent. However, legally, this is not allowed. An owner can only evict a tenant if they are selling the unit, are carrying out major maintenance to the property or if they are planning to move into the property themselves. There is an alternative option for owners - coming up with a mutual agreement with the tenant to vacate the unit earlier than 365 days. 


Recently, we have noticed more conversations between landlords and tenants because rents were low for quite some time as a result of the Dubai lockdown in the throws of the covid-19 pandemic but very quickly were on the rise as the lockdown lifted and residents began to move. We have seen owners and tenants making agreements between themselves. Most tenants are educated on their rights when it comes to renting a property and know they are protected under law. However, for some, they are finding it difficult to determine where they stand when being served notice. 


In many cases, owners are looking at the rental index calculator to potentially increase the rental price of their investments. This can be done by giving at least 90 days notice to the tenant but the following RERA guidelines must be adhered to: 


If the current annual rent is below 10% of the market value, a landlord cannot increase the rent. 


If the current annual rent is between 11% -20% of the market value according to RERA, a landlord can increase the rent by up to 5%. 


If the current annual rent is between 21% -30% of the market value according to RERA, a landlord can increase the rent by up to 10%. 


If the current annual rent is between 31% - 40% of the market value according to RERA, a landlord can increase the rent by up to 15%. 


If the current annual rent is above 40% of the market valuet according to RERA, a landlord can increase the rent by up to 20%. 20% is the maximum a landlord can increase the annual rent.


It is important to note that a rental increase cannot be actioned if the landlord has given less than 90 days notice. The Rental Index Calendar could say that the landlord is eligible to increase the rent but unless the correct notice period is given, this cannot be actioned. 


Should an owner serve a 365-day notice then the tenant would need to vacate the unit after 365 days. There are no legal options other than to appeal the notice should they be aware that the owner doesn't plan to use the property for personal use or to sell the unit. Should the owner serve notice for a time period shorter than the 365 days notice, the tenant can refuse and remind the landlord of the 365-day notice law. This should be stated in the tenancy contract. 


If the tenant is aware that the owner is not serving an eviction notice legally, they can file a claim at the  Rental Dispute Center (RDC). They can do this via the Dubai Rest App or go in person to the Dubai Land Department. If the tenant is deemed successful, they can claim up to a year's compensation. Owners need to know that if they do not use the property for personal use, sell or have maintenance work done, they are not able to re-rent the unit for two years. They would need to cancel the notice to the current tenant and give first refusal to the rental to the current tenant. 



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Tenancy eviction notice - what are the rules?

Many landlords who rent out properties in Dubai reside overseas but this doesn’t mean that renting out the home has to be difficult or a failure. You can set yourself up to be a successful long-distance landlord if you know how to effectively outsource tasks and responsibilities.


You don't have to live near your rental property to be a great landlord. Here are some tips for remote management.


Hire a great property manager


Regardless of where you reside, if you’re not able to check up on it regularly, you need to find someone you can trust to be the caretaker of your investment. Exercise patience when hiring a property manager and set a high standard. These are the people who will help select your tenants and interact with them if they have problems, maintenance requests or concerns.


#### Know the local market


Every real estate market is different, so you need to understand the dynamics of where your investment property is located so you can set the right rental price and stay competitive.  It is a great idea to work with one specific agent or real estate company so you know them and it is easy to communicate. Once you start involving multiple agents, stress can build and information can be misconstrued. Additionally, you will want to be familiar with the local regulations and have a relationship with a local attorney to help you navigate any concerns or issues that come up.


#### Review your screening process


When you’re not on site to meet a potential tenant, screening becomes even more important. Review your processes and applications every year to ensure you have the right procedures and documentation in place, so you can [find the right tenant](https://www.zillow.com/rental-manager/resources/tenant-screening/) for your long-distance rental.


#### Make sure your lease is right


Your rental lease agreement is one of the most important pieces to setting you up to be a successful long-distance landlord. Be sure your lease is rock solid by having an a real estate agent and/or a property manager who is familiar with the area to review it or draw it up on your behalf.  Also, make sure it clearly defines who is responsible for what, payment due dates and late fee policies, damage assessment and collections, pet policies and other clauses. This will help protect you and your property should any issues arise.


#### Check in with your tenants


Even if you’ve hired a property manager, it’s important for your tenants to feel comfortable talking with you. They may also be more likely to treat your property with respect if you’ve developed a good rapport and they know you care about their needs.


Give your tenants a call or send an email every few months. Ask how things are going and make sure everything is working properly in the unit.



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How to Be a Successful Long-Distance Landlord

With start-up businesses on the rise in Dubai, we have put some pointers together on how to lease your very first office in the city 


If you’re in the throws of setting up a new company, you’ll be aware that an office is an essential part of the process and needed in order to get a trade license.


#### Application for Trade License


Before contacting a real estate broker, you should have already started the Trade License application. To be able to occupy any commercial real estate in Dubai you must have a company name approved by the authority issuing your Trade License. The full Trade License will be approved after the lease of property is agreed. 


#### Location of Your Commercial Lease Property


The location you will be searching for your commercial property will depend on the type of trade license you are applying for. There is a Mainland Trade License and a Free Zone Trade License - each have their dedicated trading zones. It is important that you know your zone limits before searching for your property. 


#### Office Fit-Out


There are four different fit out options available for commercial property; shell and core, fitted, partitioned or fully furnished. It is best to have an idea of which fit out would suit your needs before you begin your search. If you have a vision in mind, shell and core would be an exciting project but it can be costly and time consuming, so this should be kept in mind. If you are looking to get going with your business as soon as possible, a fully furnished unit would be ideal for you. 


#### Make an Offer


Once you have found a commercial property to rent, make a decision on what you would like to offer. Put the offer to your broker and they will start the negotiating process with the landlord. You must send your company trade license application documents and business owners ID. 


#### Administration


To seal the deal on your rented office, make sure you have the initial approval for a Trade License and passport.  Take your time to check the contract thoroughly before signing, if you have any questions or queries your commercial property broker can clarify. 


#### Ejari Registration


When your offer has been accepted, and the contract signed, it is time to register your commercial rental agreement in Dubai through EJARI which means ‘your rent’ in Arabic. Your broker will talk you through this process but you will need your trade license and business owners ID. You will need the EJARI to apply for employee visas depending on the size of your office. 




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How to lease your first office in Dubai

With rental prices across Dubai remaining high, we have put together a list of townhouse communities where you can rent for under AED 115,000. 


#### Jumeirah Village Circle


![](https://strapiallsopp.s3.eu-west-1.amazonaws.com/1_Oyh_Htl_CG_Mw1wu_Pzd_Slf4f_G_W4msj2_HPP_Lvc5_HDZ_Yai_Co_T1b_Oo_Cebx_O_fr_Ridkm_T_Bvsxq_Q_Aw_Cj_R_Xd15_L_Io_C_Fo_TEO_4u_KD_4_M68_Yn_V_Fc_Zql_Yz5ycrc_SAB_8_Ye_L_Yy_Nsi_N3_F2_DHM_1q_S_601a907311)


A one bedroom townhouse in Jumeirah Village Circle (JVC) can be rented annually for AED 90,000. These townhouses are perfect for families with pets or those who love spending time outdoors due to the generous garden sizes! 


Within JVC there are kids play parks and large green fields for everyone to enjoy. Basketball and tennis courts are spread throughout where you can rent the areas and get competitive. 


The community is located on the opposite side of Al Khail Road to Jumeirah Village Triangle. It is only a short drive from:


* Dubai Marina - 17 minutes
* Downtown Dubai - 21 minutes
* Mall of the Emirates - 17 minutes
* Jumeirah Beach Residence - 18 minutes
* Dubai International Airport - 26 minutes


[Properties to rent in Jumeirah Village Circle](dubai/properties/lettings/in-areas-jec-jumeirah-village-circle-jvc)


![](https://strapiallsopp.s3.eu-west-1.amazonaws.com/notfound_d90b05bb5c.png)


#### Al Reem, Arabian Ranches


A two bedroom townhouse in Al Reem, set within the popular community of Arabian Ranches can be rented annually for AED 100,000. Al Reem townhouses offer a great first home for those looking to start a family. They offer plenty of space to build a comfortable home with outdoor space. 


Arabian Ranches or ‘Ranches’ as it is most commonly known is situated beside Motor City and just off of Sheikh Mohammed Bin Zayed Road giving residents easy access to: 


* Dubai Marina - 22 minutes
* Downtown Dubai - 24 minutes
* Mall of the Emirates - 15 minutes
* Jumeirah Beach Residence - 26 minutes
* Dubai International Airport - 26 minutes


Facilities in the suburb are often the main attraction to residents. Over the 12 separate gated living areas there are a host of amenities including; swimming pools and paddling pools, BBQ areas, basketball and tennis courts, and even a skate park. The Ranches are extremely pedestrian-friendly. There are walking and jogging trails that weave their way through the entire community – perfect for taking the dogs out or kick starting an exercise routine. 


[Properties to rent in Al Reem, Arabian Ranches](dubai/properties/lettings/in-areas-alr-al-reem-1)


#### The Springs



[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-SUP142068](dubai/property/lettings/dubai-SUP142068)


A two bedroom townhouse in The Springs can be rented annually for AED 105,000. These townhouses are some of Dubai’s original family homes and are a firm favourite for residents in Dubai. 


The Springs is located between The Lakes and The Meadows in Emirates Living and is in a perfect location and a short drive to Dubai’s key areas:


* Dubai Marina - 14 minutes
* Downtown Dubai - 22 minutes
* Mall of the Emirates - 16 minutes
* Jumeirah Beach Residence - 13 minutes


The Springs is one of the most highly sought after areas in Dubai with an incredible location,  Emaar development and a real family feel.  You can expect the community to be clean, tidy and have greenery and flowers in abundance to bring some life and colour to your surroundings. The Springs will bring you a very family friendly, pet friendly and homely atmosphere in a suburban community a stone’s throw from Dubai Marina. 


[Properties to rent in The Springs](dubai/properties/lettings/in-areas-tsp-the-springs)


#### Hayatt, Town Square


![](https://strapiallsopp.s3.eu-west-1.amazonaws.com/notfound_3faf889171.png)


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-DUB180268](dubai/property/lettings/dubai-DUB180268)


A three bedroom townhouse in Townsquare can be rented for AED 105,000. For this, you can expect a modern townhouse with a very appealing plot size. 


Situated opposite Mira on the road to Al Qudra cycle track, Town Square is within driving distance of: 


* Dubai Marina - 26 minutes
* Downtown Dubai - 29 minutes
* Mall of the Emirates - 24 minutes
* Jumeirah Beach Residence - 29 minutes
* Dubai International Airport – 31 minutes


Townsquare is a family favourite due to the highly popular kids play area; Kidzapp! Kidzapp offers children an array of fun including a splash zone, train rides and play parks. Entry to the park is free! 


[Properties to rent in Town Square](dubai/properties/lettings/in-areas-tow-town-square/villas)


#### Mira


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-L184806](dubai/property/lettings/dubai-L184806)


![](https://strapiallsopp.s3.eu-west-1.amazonaws.com/notfound_03f70c754c.png)


A three bedroom townhouse in Mira can be rented annually for AED 115,000. Mira townhouses are modern, large and spacious and have a real homely feel.


Situated opposite Town Square on the road to Al Qudra cycle track, Mira is within driving distance of: 


* Dubai Marina - 29 minutes
* Downtown Dubai - 32 minutes
* Mall of the Emirates - 27 minutes
* Jumeirah Beach Residence - 32 minutes
* Dubai International Airport – 33 minutes


Each district within the neighbourhood has its own pool, BBQ area and park for the kids to play. Mira has a very friendly community feel and residents form groups and enjoy different activities together. The community has a football group set up, a yoga group and a dog walking club for residents to get together and enjoy activities and make new friends. 


[Properties to rent in Mira](dubai/properties/lettings/in-areas-mzz-mira)



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Townhouses to rent for under AED 115,000

If you are looking to move straight into a property without the hassle and cost of making your house a home with lavish furniture - we’ve got just the solution!


![5 furnished properties to let in Dubai Photo 1](https://strapiallsopp.s3.eu-west-1.amazonaws.com/5_furnished_properties_to_let_in_Dubai_Photo_1_e453788e29.jpg)


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-L172896](dubai/property/lettings/dubai-L172896)


This two bedroom, three bathroom apartment in Dusit Thani, DIFC is available to rent fully furnished. 


The apartment offers views over the Burj Khalifa and iconic Sheikh Zayed Road. The furnishings are simple and quirky and perfect if you want to move straight in and add your magic touch! To top it off, the apartment comes with housekeeping twice a week! 


The Dusit Thani is only a short walk to the Gate Avenue shopping mall and the metro line giving you easy access to anywhere in Dubai. DIFC is the height of sophisticated luxury and you will find prestigious restaurants on your doorstep!


 


![5 furnished properties to let in Dubai Photo 2](https://strapiallsopp.s3.eu-west-1.amazonaws.com/5_furnished_properties_to_let_in_Dubai_Photo_2_612bf7f704.jpg)


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-DUB212436](dubai/property/lettings/dubai-DUB212436)


This three bedroom, four bathroom apartment is available to rent in Soho, Palm Jumeirah. Soho is one of the newest developments on Palm Jumeirah offering stunning Dubai Marina Skyline views. 


The apartment comes fully furnished and the furnishings will not disappoint! They are stylish, modern and offer the opportunity to move straight in and feel at home. The open plan kitchen gives the apartment a spacious luxury feel. 


If you picture yourself working out in a state of the art gym before taking a dip in the rooftop infinity pool - this apartment could be the one for you.


 


![5 furnished properties to let in Dubai Photo 3](https://strapiallsopp.s3.eu-west-1.amazonaws.com/5_furnished_properties_to_let_in_Dubai_Photo_3_f4377d6746.jpg)


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-DUB131020](dubai/property/lettings/dubai-DUB131020)


Experience heights of luxury in this stunning apartment in 8 Boulevard Walk, Downtown Dubai. Downtown Dubai is home to the city's skyscrapers and iconic Burj Khalifa Tower! Enjoy the fountain show at The Dubai Fountain and be amazed by water life in the world’s biggest aquarium in Dubai Mall - all on your doorstep!


This one bedroom apartment is available to rent short-term meaning no hefty commitments. The property is comfortable with a spacious living room, elegant dining area, and gives you the chance to cook like a chef in its fully equipped kitchen.  You can even tuck yourself into a soft bed with white, crisp linen all included.


 


![5 furnished properties to let in Dubai Photo 4](https://strapiallsopp.s3.eu-west-1.amazonaws.com/5_furnished_properties_to_let_in_Dubai_Photo_4_d388018954.jpg)


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-L175802](dubai/property/lettings/dubai-L175802)


This 1-Bedroom, fully furnished apartment is available now in Silverene B, Dubai Marina. It is a great sized property that is a total of 832 square feet with all appliances included. It has an open living and kitchen area with floor to ceiling windows offering not only spectacular Dubai Marina Views but also plenty of natural light to flow into the apartment.


The furnishings of the apartment complement the light adding to the fresh and open feel. Perfect if you like to keep things simple and homely.


Dubai Marina is an exciting, vibrant area of the city with cafe’s, restaurants and shops all within walking distance of this apartment!


 


![5 furnished properties to let in Dubai Photo 5](https://strapiallsopp.s3.eu-west-1.amazonaws.com/5_furnished_properties_to_let_in_Dubai_Photo_5_0424c8d59e.jpg)


[https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-DUB213144](dubai/property/lettings/dubai-DUB213144)


This one bedroom, high floor apartment situated in the Lofts is available for rent furnished. The unit is 775 sq. ft. and comprises 1.5 bathrooms, a very spacious living room, bedroom and balcony as well as a fully equipped modern kitchen, including washing machine and dishwasher.


The furnishings throughout the property are modern and homely ready for you to move straight in! And to top it off, the property offers a Dubai Fountain and Dubai Opera views.


The Lofts, Downtown facilities include a gym, swimming pool and a parking space for one car. There are cafes and restaurants in abundance below the building to create a very social, and convenient lifestyle. 



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5 furnished properties to let in Dubai

Dubai residents looking to rent properties short-term (less than a 6 month contract) are on the rise! But what are the benefits of renting a property this way?


#### 1. Flexibility


If you are looking for somewhere to live whilst you sell your home and wait for your new home to be ready, a short-term rental is an ideal solution! Or maybe you are just testing Dubai but you want to have a feeling of actually living here and not living in a hotel - this is perfect! A short-term let can be a great solution for those who have just moved to Dubai. There is no rush or pressure to sign an annual lease on a property or shell out all of your savings on furniture until you feel like you know where you want to be and for how long. 


#### 2.Fully Furnished.


A Dubai short-term rental is usually completely ready to live in and fully furnished. This means tenants don’t need to worry about buying furnishings until they find a home they would like to commit to more long-term. As well as furnishings, a short-term let will have all white goods which makes life easy! You can save money on food deliveries and get cooking like you normally would. 


If you are temporarily moving into a short-term let property and have your own furniture ready for a move into your own home, you can easily store this and not have the stress of packing and unpacking twice! You can go to your short-term rental with no stress. 


#### 3. It has EVERYTHING


A short-term let property will have everything you would expect to find in your own home! There will be cooking utensils, tea towels, linen, curtains, towels, bedding and everything in between. You won’t be finding yourself rushing to the shops for an iron, you can move in with your suitcase and live like normal from the get-go!


#### 4. No long commitments


A Dubai short-term rental requires very little notice to end the tenancy. You no longer have to plan your exit months in advance like you do with a long-term rental contract. With this, if your situation changes quickly, you can move at the drop of a hat and don’t have any removal company costs to pay! Short-term letting is ideal for residents or people looking to move that are expecting circumstances to change or who are less inclined to make annual commitments and sign contracts which ties them in for a long period of time. 


#### 5. Monthly payments!


Lots of residents are looking for short-term lets as they get to pay monthly for their rent! This is ideal for those who do not have cash ready to put down on a property which requires perhaps one - four rental cheques within the year.



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Why tenants would consider letting on a short-term basis

Renting your first office space can be an exciting turning point for your business. But choosing just any office would be a mistake. You need to make sure that your office will support your team and allow you to grow and thrive.  



Below are things to consider before renting your first office space.


**Choose a location that suits your team**  
If it is absolutely essential for you to have a dedicated office space, then the location is likely your most important consideration when renting your first office space. You need to ensure that the office will be close enough for your team members to commute - don’t be looking at the opposite end of Dubai to that of where majority of your team live! If you don’t have a team just yet, choose an office that is close enough to an area that’s populated with potential talent.


**Think about the office surroundings**  
Another factor when renting your first office space that could impact your location decision is the nearby amenities. Your team will likely appreciate an office that’s at least close to restaurants and coffee shops and a convenience store so lunch doesn’t solely arrive with a driver. If there are certain places you need to visit regularly for business purposes, like meeting spaces or banks, you’ll want those to be nearby as well - this is very important! You don’t want to be taking time out of your day on travelling to a necessary place because you’ve chosen an office space far away. 


**Have a strict budget in mind**  
After location, cost is likely your next big concern. Don’t choose an office that is going to put your business too far into debt and stunt its growth. Crunch the numbers before you even start looking to find a budget that will allow you to operate comfortably. A commercial real estate broker will be able to point you in the right direction from the start and get you looking at spaces within budget and maybe pointing you in directions you didn’t think were an option.


**Account for extra expenses**  
There are a lot of expenses that go into renting an office space. The actual rent is just part of it. The extra expenses can really add up if you don’t account for them in your original budget. Make sure you account for utility bills such as DEWA, chiller and telecommunications. 


**Choose a suitable space**  
Of course, you will need a large enough space for the members of your team to each have a desk or place to sit. But you don’t want something so large that you’re paying for entire rooms that you never use. However, a bit of extra space can be a good thing -  especially if you plan to grow within the length of your lease. Even a few extra cubicle spaces or some room to add a few desks can be helpful. Take meeting rooms into consideration too if this is something that you need.


**Consider parking**  
Parking is another important factor that might be overlooked when renting your first office space. You need to make sure there are enough parking spaces nearby so that your team can actually get to work on time without much hassle. A secure parking lot or dedicated area is a plus and even if you get a couple of spaces with your office rental - it’s a big bonus. 



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Things to keep in mind when renting your first office space

Leading real estate brokerage, Allsopp & Allsopp say that the rental market is recovering from the Covid-19 pandemic and in some cases, performing better than pre-Covid. 


Lewis Allsopp CEO of Allsopp & Allsopp says “Pre-Covid-19, we were seeing more of a trend to increase cheque payments and the lockdown accelerated that. Some owners are now asking for fewer cheques again but overall more owners are appreciating that they need to offer increased cheque payments - gone are the days that companies pay for rent in one cheque. In 2021 so far we have seen one cheque rental payments decrease by 28.3% compared to the beginning of 2020.”


The brokerage reports an emerging tenant trend of short-term, month by month rental enquiries as a result of job losses or financial strains. 


Allsopp says “Post-Covid-19 lockdown we had many enquiries from residents looking to rent on a short-term basis, so much so that it prompted us as a business to open up a short-term lettings department. The pandemic has changed the lives of many people and tenants and landlords alike are now less inclined to commit to yearly contracts. We have noticed that tenants are looking into their options, making sure they are safe in their jobs before committing to a tenancy contract where they are locked in for a year. Landlords are becoming more inclined to let their property short-term for some of the same reasons. They are looking for flexibility with their property and in some cases steering away from a locked in a contract where a year's notice needs to be given before they can sell the property.”


Allsopp & Allsopp data shows a slight rental price increase, especially in higher-end properties. 


Allsopp explains “We rented a five-bedroom Garden Home on Palm Jumeirah in quarter 2 last year for AED 290,000 and this month a five-bedroom Garden Home was rented for AED 550,000 - a 90% increase. The demand for high-end  luxury homes has increased and now we're seeing Palm Jumeirah villas renting before listings get a chance to go live on property portals or within seven days if they do go live. 


Allsopp continues “As a result of the Covid-19 lockdown, the rental market suffered - viewings were non-existent and tenants found themselves in favour of renewing rental contracts as opposed to moving in such uncertain times. This led to a drop in demand and therefore a drop in average rental prices across Dubai. However, in certain communities, we started to see slight increases in the average rental property price. 


For example, a two-bedroom apartment in Silverene Tower A in Dubai Marina was renting for AED 100,000 in May of 2020 compared to AED 125,000 in January 2021.”


The brokerage reported an increase in landlords receiving the asking price for their properties.


Allsopp explains “In February 2020, 22% of landlords achieved the asking price for their property compared to 37% in February 2021. This is encouraging considering that there has been such an increase from before lockdown even began. For those tenants who are not yet ready to enter the market as a buyer are still looking for a property to call home. Some residents are at the start of their Dubai journey but are willing to pay asking price for a property that ticks their boxes and that they can see themselves living in for at least a year. 


After lockdown, we saw a real increase in demand for villas and townhouses providing some outdoor space which was no surprise after people emerged from their apartments where they felt as though they had little space and had a new-found appreciation for the outdoors and fresh air!


However, now I would say that demand has evened out slightly and we are seeing demand even out and get back to where it was pre-Covid-19. In saying that, I do believe that apartment lovers now consider villas in their search more than they would have before.”



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Allsopp & Allsopp report a rise in landlords receiving their asking price in 2021


CEO, Lewis Allsopp talks to Brandy on Dubai Eye 103.8 about the change in the rental market especially for villa communities - more landlords are receiving the asking price for their property as supply is low but tenant demand remains high.



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Increase in landlords receiving their asking price!

The rental market is busy and we want tenants to be in the best position to go out looking for their new home. 


We have put together a step by step guide to renting a property in Dubai. 


**Step 1 – Think about a budget**


Calculating a budget is the first and most important step in the rental process. You can use this budget as a base in which you can begin your search. 


When calculating a rental budget, please keep in mind the fees that go along with the rental process in Dubai - 5% of the total rental value will be needed for a deposit and 5% will be needed for agency fees subject to a minimum fee of AED 5000. 


**Step 3 – What do you require**


Think about the essentials you require from your rental home. Are you looking for an apartment or a villa in Dubai? Which area would you prefer? How many bedrooms do you need? Think of the driving distance to the nearest schools or your workplace. 


Be prepared to compromise! It is very rare that a property will tick every box so put this list in order of importance and narrow down your search to within your criteria guidelines.


**Step 3 – Find a reliable broker**


It is paramount for you to find a real estate broker in Dubai who you can trust and build, not only a professional but friendly relationship with. It is so important that you feel you can have an open and honest conversation with your broker. 


Find a broker who is willing to listen to your needs and wants and match you appropriately to the right community and perfect property. 


**Step 4 – Viewings**


The viewing process can often be rather overwhelming, and it is easy to get excited about a property and forget to ask the questions you had in your head before you walked through the front door. It’s a good idea to write down a potential list of questions to ask your broker about the property you are viewing. 


Alternatively, you may dislike a property because of one or two factors but don’t rule it out completely. Voice your concerns to your broker, they may be able to come up with a solution as I am sure they have experienced something very similar in the past. 


**Step 5 – Make an offer**


Once you have found a property to rent in Dubai, make a decision on what you would like to offer. Put the offer to your broker and they will start the negotiating process with the landlord. This is the most nerve-racking time, but your broker will have it under control and will keep you updated imminently with every advance. 


**Step 6 – Administration**


To seal the deal your agent should talk you through the documents needed. Make sure you have an Emirates ID, passport and visa. Take your time to check the contract thoroughly before signing, if you have any questions or queries, ask your broker to clarify.  


**Step 7 – Ejari Registration**


It is now time to register your rental agreement in Dubai through EJARI which means ‘your rent’ in Arabic. Your broker will talk you through this process and assist you with the documents. Your broker should make you aware of which permits are needed in order to move forward.


**Step 8 – Get Connected**


Dubai Electricity and Water Authority (Dewa) will need to be registered under your name and it is a good idea to connect your internet before you move in. 


**Step 9 – Move in day!**


Congratulations, you have successfully rented a property in Dubai. Be aware of the move in policies put in place by the community or building security. Often Friday’s are a ‘no move’ day as are public holidays but ask your broker to clarify. Other than this, put your feet up and enjoy your new home!



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A Guide to Renting Property in Dubai

##### This summer, Allsopp & Allsopp have seen a 14% rise in tenant registrations from the period between 1st of June to August 22nd of 2018, to the period between June 1st to August 22nd of 2019. Summer is said to be a slower season in the real estate market, but we have seen a lot of movement over the last few months and wanted to dig deeper to find out the motivation of our tenants.


We spoke to several tenants who rented a property with us between June 2019 to August 2019 to find out the trends within the rental market this summer. Expanding families, property and area upgrades, saving money and being new to Dubai have come out on top.


![Why Tenants are moving this summer | Drop-in property prices | Allsopp & Allsopp](https://strapiallsopp.s3.eu-west-1.amazonaws.com/why_are_tenants_moving_this_summer_da8bc8f71c.jpg)


The drop in property prices across Dubai has been heavily documented this year, mainly showing the negative impact on the real estate market. However, we need to look at the affordability it has given the families who call Dubai home and perhaps the pull for expats to make the jump and move to the city to start a new chapter knowing that prices of rental property are not through the roof and unreachable!   
51% of our tenants have decided to upgrade and move to a home which was previously out of their reach. The drop in property prices have given Dubai residents a choice of properties with more bedrooms, better locations and improved facilities which are now within their budget. Many of our tenants are expecting their first baby or are welcoming another member of the family and are in need of more space. Fortunately for them, they have the affordability to look into upsizing in a desirable area which matches their criteria.


An expanding family can be a life changing event and one which comes with financial burden, in some cases, this can mean a relocation back to their home country. The drop in rental property price has given residents more control and stability in the city. It is encouraging to see so many people starting families and really settling into life in Dubai.   
Of the 51% of tenants upgrading, 15% of those have had the luxury of moving from an apartment to a villa where they can have more space for family time with a garden for barbeques, play sets and even a pool, which inevitably will improve their quality of life.


Many tenants have been looking into their options in the market after brokers have been showing them what is available across the whole of Dubai within their budget. Tenants know which areas they can afford to rent in – areas which were previously out of budget. 30% of our tenants moved from one community to another this summer, some of which were upgrades, for the simple reason that they had more choice within their budget. When doing research into areas within their price bracket they found that they had much more choice when looking for their home. In some cases, tenants had moved to the same type of property in the same area for a lower price. For example, a 2-bedroom apartment in Marina promenade in June, 2018 was rented for AED 160,000 whereas a [2-bedroom apartment to rent in Marina Promenade in June, 2019](/dubai/properties/lettings/2-bedrooms-or-more/in-areas-map-marina-promenade/apartments) was rented for AED 130,000. Similar price decreases were seen in a [2-bedroom townhouse to rent in Palmera in the Arabian Ranches](/dubai/properties/lettings/2-bedrooms-or-more/in-areas-pal-palmera/townhouses) from AED 130,000 in June, 2018 to AED 115,000 in June, 2019.


9% of our tenants have decided to downgrade their rental property in line with the price reductions. Circumstantial changes such as redundancies are inevitable wherever you are, but expats are no longer moving straight home when this occurs and are choosing to downsize and pay less for a property in the hope that new opportunities will arise. People can now, in some circumstances, still afford to stay in the city while they look for other opportunities, whereas a couple of years ago, this may not have been as easy to do. The affordability of rental properties in Dubai is giving residents more choice and more time.   
On the other hand, some tenants have decided to take advantage of the price drop and downgrade to a cheaper property giving them the opportunity to save extra money to put towards a deposit on their first home in Dubai. First-time buyers in the city should expect to pay roughly 33% of the property value upfront. This is proving difficult for many first-time buyers in the city and the drop in rental prices can be beneficial for those looking to get onto the property ladder whilst prices are attractive and within reach.


29% of tenants who rented through [Allsopp & Allsopp Real Estate Brokers](/dubai/contact) this summer were new to Dubai. According to Dubai Statistics Center, the population of the city has grown by 37,102 people from the 1st of June 2019 to 25th August 2019. Residents who are new to Dubai have moved for the vast job opportunities and the chance to live and work in a vibrant, fast paced city. A few of these tenants are moving over to work on Expo 2020 which will commence on October 20th, 2020. It is encouraging and exciting to see what we have heard about for such a long time finally coming to fruition and bringing people and opportunities to the city already with over a year to go before the big event.



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Why are Tenants Moving This Summer?

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Tenants From Hell Podcast

##### Whether you are the renter or you are the rentee, you have to know these Landlord responsibilities, rules and laws


Dubai: If you ever end up buying your own property in Dubai, you may at some point end up being a landlord. If you are a landlord, you have to remember the rules, laws and responsibilities. It isn’t quite as simple as renting out your property and hoping for the best. Then a landlord must take their responsibilities into consideration. Lewis Allsopp, CEO of Allsopp and Allsopp lists the responsibilities of a landlord when there is no property management contract in place. Landlords are liable for many aspects of their property despite having a tenant residing there.


![living in the uae 7 things your landlord has to do](https://strapiallsopp.s3.eu-west-1.amazonaws.com/living_in_the_uae_7_things_your_landlord_has_to_do_0c6eeba8db.jpg)


**1. Safe environment**


A landlords' property should be a safe environment for a tenant. This means that all doors and windows should lock securely, and fire alarms should be installed and fully equipped in essential areas of the home.


**2. Clean property**


It is the responsibility of a landlord to ensure that the property is clean and tidy for the arrival of a tenant. Usually in a tenancy contract it states that full painting and cleaning is down to the previous tenant but before the new tenant is ready to move-in, it is the responsibility of the landlord to ensure the property is in perfect condition.


**3. Property Maintenance**


As far as property maintenance goes, as a rule of thumb, the landlord is responsible for maintenance above Dh500. Small wear and tear maintenance should be repaired and paid for by the tenant as well as any damages caused by misuse by the tenant. Landlords are responsible for major property maintenance including electrical, mechanical, plumbing and air-conditioning when required.


**4. Security deposit**


Once contracts are signed a security deposit will be given to the landlord from the tenant. This security deposit is the landlords' to cash and keep safe for the duration of the tenancy contract. This will cover any damages or lack of payments made by the tenant, so it is important to cash the cheque before it expires. The full deposit will be returned to the tenant at the end of the tenancy contract if the premises has been left in satisfactory condition and in coherence with the tenancy contract.


**5. Return of security deposit**


Security deposits can often be a tricky subject for both a landlord and a tenant which is why a check-in and check-out report should be carried out by the landlord, ideally with the tenant present. A check-in report consists of a thorough look over all fittings and fixtures of the property including photographic evidence. The report is then signed by the landlord and tenant. Once the tenancy contract comes to an end the check-out report will be conducted by the landlord with the check-in report as reference. So long as there is only minor wear and tear to the property the full deposit will be given back to the tenant. The reports give both the landlord and tenant peace of mind and evidence to any discrepancies that may arise.


**6. Lines of communication**


A clear line of communication should always be given to the tenant. If the landlord travels often it is advisable to give the tenant a contact that they can easily get in touch with in an emergency. Alternatively, a landlord should provide the tenant with the details of their preferred and trusted maintenance company in case of an emergency. This will avoid the tenant struggling to get a hold of the landlord or getting maintenance work done that the landlord later doesn’t agree to.


**7. Home insurance**


The landlord should have home insurance taken out on the property; however it is important that the tenant should also take out content insurance. It is a misconception of a lot of tenants that the landlords home insurance will cover everything, but this isn’t always the case and in the unlikely event of an emergency, content insurance is an extra security.


*Gulf News 19.8.19*



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Living in the UAE: 7 Things Your Landlord Has To Do

##### Dubai realtor Allsopp & Allsopp says rental transactions are up 75% during first quarter of 2019.


Sam Bridge from Arabian Business writes about the rise in transactions seen by Allsopp & Allsopp in Q1 of 2018. “Allsopp & Allsopp said buyer registration in the first quarter of 2019 is up by 20 percent with sales transactions seeing an 18 percent increase while tenant registration has jumped by 55 percent with rental transactions seeing a 75 percent surge.”


![Dubai Skyline](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Dubai_Skyline_ac08fa5632.jpg)
Link to article: <https://www.arabianbusiness.com/news/417812-one-cheque-rents-on-way-out-as-dubai-landlord-power-wanes>



One cheque rents' on way out as Dubai Landlord Power Wanes

Here we have a guide for tenants renting in Dubai for the first time. Our tenant registration has continued to increase in Q1 of 2019 and the Dubai population is also on the rise.


The rental process in Dubai for new arrivals can sometimes vary vastly from that of their own country. This guide is to ensure tenants are aware of the process and the documents needed to help aid a smooth transition.


Moving to a different country can be a challenge at times. With tenant registration on the rise, Allsopp & Allsopp CEO, Lewis Allsopp would like you to know what is needed in order to rent a villa or an apartment in Dubai for the very first time.


**What documents are needed?**


Before you start the renting process in Dubai, you must ensure you have all the documents in place to go ahead. A passport copy with the signature page is required as is a visa and Emirates ID. If the Emirates ID and Visa are in process, then you must request a letter from the Government Labour Department. Once these documents are in place you may begin your search for a property and a reliable registered real estate broker.


**Must I have a bank account in Dubai?**


Once you have found your first property to rent, you must be in possession of a cheque book and UAE bank account to seal the deal. All deposits and rental payments in Dubai are paid by cheque – something a lot of new residents to the city are unaware of.


**What is EJARI?**


EJARI, which relates to ‘my rent’ in Arabic is an electronic registration system which is exclusively designed to regulate all tenancy contracts in Dubai. EJARI is mandatory and ensures the documents are legally binding and outlined by Dubai Government standards and approved formats. EJARI is the evidence of a valid tenancy contract and creates transparency should a dispute arise. It officially records the rental prices agreed by the tenant and landlord so that landlords are refrained for indiscriminately increasing the rent. Once you have set up EJARI and it has been approved you will get an EJARI number. This EJARI number will be essential in order for you to set up electricity, water, internet and phone connections.


**What maintenance am I eligible to pay?**


Within the tenancy contract addendum is maintenance. It is essential that you know what maintenance you are eligible to pay for and what maintenance issues are your responsibility. A tenant is responsible for the good condition of all fixtures and fittings. Any major maintenance required such as electrical, mechanical, significant air conditioning is the responsibility of the landlord. As a general rule of thumb, any maintenance costing AED 500 and under will be payable by you and anything from AED 500 will be the responsibility of the landlord.


**What is RERA?**


The Real Estate Regulatory Agency (RERA) is an agency you should be aware of if any dispute was to take place in the run of your tenancy. RERA regulate the real estate market in Dubai. The Rental Dispute Centre of Dubai Land Department will be hugely beneficial to you as a tenant in need of advice about your rental agreement and will provide you with information on the rights you have and the steps you can take to protect yourself or remedy any issues.


**What deposit will I pay?**


Tenants will typically pay 5% of the rental amount of the property as a deposit. This will be increased to 10% if the property is furnished. Deposits will be returned to you if the property has been well maintained and has been returned to the landlord in good condition. The agency fee would also equate to 5% of the rental amount and is often subject to a minimum of AED 5,000.


A useful question to ask is whether a property is managed. If a property is managed, then there should be a photographic check in and check out report of the property to ensure deposit protection for both yourself and the landlord.


**What is chiller?**


Something to be aware of is the chiller costs (if any). Chiller is the cold-water provisions for the air conditioning and is available in most apartment buildings. In the communities that chiller is available, the chiller will be included in the Landlords service fees. What this means to you, as a tenant is that utility bills will be lower. When out to view the property, it is a very good question for you to ask your real estate broker.


**Do I need a move in** permit**?**


For most towers and communities, a tenant will need a move in permit to show security in order to get the permission to move in all furniture and belongings. The security, tenant and removal company should all be aware of the move in date and times and have all documentation ready to aid a smooth move. You should ask the broker what is needed in the community you are going to rent in and make sure you have enough time to get it in place before the removal company is booked.


**When Should I avoid moving?**


With move in permits in mind, many communities consider Friday’s as a non-moving day. The same could be said for private and public holidays. It is essential that you check that your tenancy agreement does not commence on these days as moving into the property may be delayed.



What to be Aware of When Renting Your First Home in Dubai

'Him or Me' is back!


This time we have Operations Director, Paul Kelly, & Managing Director of the UAE, Marc Walters, in front of the camera.




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'Him or Me' - Featuring Operations Director, Paul Kelly, & Managing Director for the UAE, Marc Walters

In this episode of The Close with Spencer Lodge and Lewis Allsopp, the duo discuss the role "data" plays in retail and how companies that realize the importance of it will flourish and companies that don't, won't be around in the near future.



Keeping you up to date with everything that is happening in the Dubai property market.

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