A rental state agent helps with guiding one with finding an available property to rent. The search for property in Abu Dhabi is completely worth driving through different city locations to adjust and familiarise oneself according to the needs of the individual that suits them best, whether it be a building, villa, or community.
One should make mental notes about the developments they liked, inform their agent, and get ideas about its amenities and rent. The individual interested could even pay a visit to empty flats by getting access to keys that some building concierges can provide by visiting the reception, asking what is available, and checking it out.
Rent In Abu DhabiThe rent rates differ from place to place based on space and location. If an individual picks a high-end property in a modern area, the average annual rate would be Dh50,000 to Dh58,000 for a studio. The Marina Square on Reem Island is an example of a high-end property whose rent is as follows; For one-bedroom, the rate is Dh60,000 to Dh80,000 and two-bedrooms Dh80,000 to Dh125,000. Shams on Reem Island homes, rent goes from Dh55,000 to Dh60,000 for a studio, Dh58,000 to Dh80,000 for one bedroom, and Dh75,000 to Dh120,000 for two bedrooms.
In Al Raha Beach, one-bedroom starts from Dh70,000 to Dh195,000 for a three-bedroom property. On the Corniche, the price would be Dh48,000 to Dh85,000 for one bedroom and Dh60,000 to Dh120,000 for two bedrooms.
Costs: Real estate agents charge a 3-5% fee of the rent. Fees are also associated with the contract processing, security deposit typically 5%, setting up accounts for amenities like water, electricity, and chilled water for the air conditioning. The water board ADDC and electricity take Dh1,000 as deposits.
Rental Rates According to Apartment Floors:The rental rates for the owner on the 25th floor would be more expensive than those for the owner of the fifth floor. The difference in the rental rate exists because the owner on the 25th floor would have bought it for a higher price than the owner of the fifth floor.
Negotiate In Rent:Rent prices have been falling in recent years in Abu Dhabi. One should negotiate the price, especially if one has seen apartments in the same building for lower prices. There has been a rise in the supply, so reductions in the rent are negotiable. Individuals could even ask for extra perks like one or two months of free rent, multiple cheque options, and voucher retail.
Moving Into an Apartment:Terms and conditions of the contract have to be agreed upon by the tenant and owner. After the owner has signed the contract, the tenant must write cheques with the agreed-upon dates and hand them to the owner.
The first cheque is to be dated two days before the moving date, so the landlord can assure that money has been transferred to their account before keys are handed to the agent. The agent then checks if the house is clean and maintained well before handing the keys to the tenant.