Renting a home in Dubai involves more than just paying monthly rent. Prospective tenants should be aware of additional expenses, including utilities, agency fees, and other charges associated with renting a property in Clearpoint Emaar. Understanding these costs is essential for budgeting and making informed decisions when searching for rental accommodation in Dubai.
Utilities:
Utilities typically include electricity, water, cooling (air conditioning), and sometimes gas. In Dubai, utilities are usually billed separately from rent and vary depending on the size of the property, usage, and provider. Tenants are responsible for setting up utility accounts with the relevant service providers upon moving into a rental property. It’s essential to inquire about average utility costs for similar properties in the area to budget accordingly and avoid surprises.
Agency fees:
When renting a property in Dubai, tenants often engage the services of real estate agencies or brokers to assist with property search, viewings, negotiations, and lease agreements. Real estate agencies typically charge a commission, commonly known as agency fees, which is payable by the tenant upon signing the lease agreement. Agency fees are usually equivalent to a percentage of the annual rent and can range from 2% to 5% or more, depending on the agency and the rental property.
Security deposit:
Landlords in Dubai commonly require tenants to provide a security deposit, also known as a rental deposit, as a form of financial security against damages or unpaid rent during the tenancy period. The security deposit is refundable at the end of the tenancy, subject to deductions for any damages or outstanding payments. The amount of the security deposit typically ranges from one to three months’ rent, as stipulated in the lease agreement.
Ejari registration fee:
In Dubai, all rental agreements must be registered with the Real Estate Regulatory Agency (RERA) through the Ejari system, which is the official online registration portal for tenancy contracts. Landlords or tenants are responsible for registering the tenancy contract and paying the Ejari registration fee, which is a one-time charge. The Ejari registration fee varies depending on the term of the tenancy contract and is typically borne by the tenant.
Maintenance fees:
In some rental properties, especially apartments in gated communities or residential complexes, tenants may be required to pay maintenance fees for common area upkeep, facilities, and amenities. Maintenance fees are typically charged monthly or annually and cover expenses such as landscaping, cleaning, security, and maintenance of shared facilities such as swimming pools, gyms, and parking areas.
