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Renting Out a Property in Dubai
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Long-term residential property rent in Dubai is an effective tool for generating passive income.
The average annual yield in Dubai is up to 8%, which is higher than in London (2.9%), Hong Kong (2.3%), and other developed markets. From June 2021 to June 2022, the average rent increased by 21.7%.
How does the rental process work, and what nuances does the owner need to be aware of – we are discussing with AX CAPITAL expert Aram Grigorian.
Timecode:
1:20 – First question after taking the keys to your property
1:40 – Short-term or long-term rent
2:20 – Can short-term rent be prohibited?
3:10 – Who can rent a home in Dubai for a year?
4:10 – Does the tenant have the right to deny access to the property to its owner?
4:47 – How long does it take to notify a tenant to move out?
5:25 – Who pays utility bills and repairs?
6:40 – How to receive rental payments without residing in the UAE?
7:27 – Is it possible to raise the value of the rental contract?
🎧 Listening time – 10 mins
Would you like to learn more about renting a property in Dubai? Ask the host🔻
📲 Telegram, WhatsApp
+971 52 647 7762
📧 a.grigorian@axcapital.ae
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