Your guide to short-term vs long-term rentals in Dubai
- Long-Term vs Short-Term Rentals in Dubai
- Short-Term Rentals
- Long-Term Rentals in Dubai
- Asking Rents for Short and Long-Term
- FAQs
The bustling metropolis of Dubai has a diverse range of accommodations. It offers something for everyone: expats searching for long-term rentals, visitors exploring short-term rentals and tourists staying in hotel apartments. Adding convenience is the flexibility to pay rent in Dubai, such as single cheques, multiple cheques and Ejari direct debit. With so many options available, feeling confused about which is best for you is natural. So, let’s examine the pros and cons of long-term vs short-term rentals in Dubai.
Learn the difference between long and short-term rentals in Dubai
Confused about how to rent a property in Dubai? Whether you’re a tourist looking for a temporary stay or a resident searching for a long-term apartment for rent in Dubai, this comprehensive guide will help you make informed decisions.
- 1 BED
- |
- 2 BATHS
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- 911 SQFT
- 1 BED
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- 1 BATH
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- 819 SQFT
- 1 BED
- |
- 2 BATHS
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- 853 SQFT
- 2 BEDS
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- 3 BATHS
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- 1094 SQFT
- 1 BED
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- 2 BATHS
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- 731 SQFT
- 1 BED
- |
- 2 BATHS
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- 925 SQFT
If you still can’t decide between short-term vs long-term rentals in Dubai, here’s an overview of the critical things to consider.
Long vs Short-Term Rentals in Dubai – Factors to Consider
When it comes to renting a property, there are two options that you can consider: short-term or long-term rental in Dubai. While both options have their merits, understanding the differences can help you make an informed decision based on your needs and preferences.
TIME DURATION
Your decision regarding long-term vs short-term rentals in Dubai largely depends on your renting duration.
Long-term rentals in Dubai typically mean renting a property (apartment/villa/townhouse) for an extended period, usually one year or more. This option is popular among residents who plan to stay in Dubai for an extended period or those seeking stability and consistency in their living arrangements. Long-term rentals allow tenants to establish a sense of home and settle into the community.
On the other hand, short-term rentals provide flexibility and convenience for individuals visiting Dubai who require temporary accommodation. These rental options are commonly available for a few days to several months. Short-term rentals are ideal for tourists, business travellers, or individuals who prefer not to commit to an extended lease agreement.
COMMIT AS PER YOUR PREFERENCE
One key difference between long and short-term rentals in Dubai is the level of commitment involved.
Long-term rentals require signing a lease or Ejari agreement that outlines specific terms and conditions, including rental duration, payment plans, security deposits and maintenance responsibilities. Short-term rentals in Dubai often operate more flexibly with shorter agreements and may be subject to higher rental rates.
CONVENIENCE AND AMENITIES
Another significant distinction between short-term and long-term rental in Dubai is the amenities provided within each rental arrangement.
Long-term rentals might be unfurnished or have essential kitchen equipment and a washer/dryer. In contrast, short-term rentals tend to offer fully furnished properties. Also, they may include additional services such as housekeeping or access to communal facilities like swimming pools or gyms.
SO, HOW DO I MAKE A CHOICE?
Choosing between long and short-term rentals in Dubai depends on your specific circumstances and requirements.
If you seek stability and plan on settling in Dubai for an extended period, a long-term rental may be more suitable. However, short-term rentals are ideal if you visit temporarily or prefer flexibility and convenience.
Regardless of your choice, Dubai offers various rental options to cater to every need and budget. It is crucial to consider your priorities and preferences carefully before making the decision to ensure your rental experience in Dubai is comfortable and enjoyable.
Short-term Rentals in Dubai – Explore Your Options
Short-term rentals in Dubai usually have weekly and monthly options. These are mainly for tourists and business professionals visiting the city, looking for a homely place to stay after their busy days of sightseeing or working.
- Fully furnished apartments, holiday homes and hotel apartments in Dubai are usually available for rent on a short-term basis.
- Like hotel apartments, holiday homes are also becoming increasingly popular as they include utility bills and parking spaces.
BENEFITS OF SHORT-TERM RENTALS
- The flexibility of moving from one place to the other
- No overhead costs
- Weekly and monthly options are available
- Ready to move in, furniture and fittings are already taken care of
Renting short-term in Dubai is also favoured by those looking to pay rent monthly, as the initial costs for long-term rentals are significantly higher, especially if landlords demand a single rent cheque.
CONS OF SHORT-TERM RENTALS IN DUBAI
- Higher rental costs
- Limited inventory at times
Comparing long-term vs short-term rentals in Dubai, short-term contracts are ideal for those not in the city long enough to make a long-term commitment but want the comfort of a home. These properties are, however, far more expensive than long-term rentals.
Long-term Rentals in Dubai
Long-term rentals in Dubai are predictably rented for a more extended period, usually a year. They come with an annual tenancy contract recognised by RERA, offering a stable home for you to live in with rents locked in for the year. These are usually unfurnished, and you must pay for all utilities separately.
Regarding short-term vs long-term rental, you must also factor in hidden costs of renting in Dubai, like security deposits, agency fees and furnishing expenses when leasing properties for an extended period.
Rental Services | Cost |
|---|---|
Rental Services Agency Fee | Cost 2-5% of annual rent |
Rental Services Ejari Registration | Cost Varies according to method |
Rental Services Housing Fee | Cost 5% of annual rent paid in 12 parts |
Rental Services Security Deposit | Cost Furnished Properties: 10%, Unfurnished properties: 5% (Or, equivalent to a month’s rent) |
Rental Services DEWA Deposit | Cost Apartments AED 2,000 | Villa AED 4,000 |
Rental Services District Cooling | Cost Consumption Charge + Demand Charge + Fuel Surcharge |
Rental Services Moving Cost | Cost AED 1,500 to AED 2,500 |
Suppose you rent an apartment or a villa for an extended period. In that case, your modes of rental payment in Dubai include multiple post-dated cheques, a single cheque or Ejari Direct Debit.
Remember, if you default on your contract, you must pay all outstanding amounts, limiting your flexibility to move homes frequently.
BENEFITS OF LONG-TERM RENTALS
- Rents are locked in for a year. Upon tenancy contract renewal, you can use the RERA Rental Increase Calculator to check if the rent increase is fair in your case.
- Stability in terms of your living arrangements and financial output for the year. You can even choose areas to rent an apartment in Dubai based on your salary.
- A personal space for you to customise.
THINGS TO CONSIDER WITH LONG-TERM RENTALS
- No Flexibility – There are legal stipulations for early termination of tenancy contracts in Dubai.
- Overhead costs are high.
- Most long-term rentals are not ready to move in. They will need investment for furniture, TV, phone, internet connection and utility connections, including a new DEWA connection.
Long Vs Short-Term Rentals in Dubai – Asking Rents
Perhaps the most significant deciding factor between short-term vs long-term rentals in Dubai is the asking rent!
That’s right. Your rental budget is one of the key factors to consider when renting in Dubai. Some landlords accept multiple cheques for long-term rentals, offering convenience. The initial costs also reduce significantly when the payments are split over various cheques. Remember that you are still tied to a fixed tenancy contract in Dubai with this option. So, you cannot just leave the property as you please.
FAQs about short-term vs long-term rentals in Dubai
What rights do I have as a tenant in Dubai?
Yes, you do have legal rights as a tenant in Dubai. You can read more about the RERA tenancy laws in Dubai to understand your rights regarding rent increases, evictions and changes in the lease terms.
Where do I start looking for properties in Dubai?
The best way to start property hunting is by browsing listings on Bayut. Real estate agencies list available properties with information and photographs. You can contact them via phone or email to learn more. Also, don’t forget to check the Trucheck badge on listings for authenticity!
Where do I report a rental contract violation?
Landlords and tenants can file a rent dispute with RERA to seek legal remedies for contractual violations. Also, maintaining a good relationship between tenant and landlord can prevent potential issues.
Finding the perfect home in Dubai is not simple. It requires extensive research, several visits and lots of planning. While making the final decision, you may also want to consider the pros and cons of renting furnished vs unfurnished flats in Dubai.
Lastly, our guide on tenant screening in Dubai can be useful when renting out your property in the city.
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