- AX TALK
- Long-term residential property rentals
Jul 26, 2022
Aram Grigorian
Senior Property Expert
Renting out property in Dubai
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.
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Timeline
01:20First question after taking the keys to your property
01:40Short-term or long-term rent
02:20Can short-term rent be prohibited?
03:10Who can rent a home in Dubai for a year?
04:10Does the tenant have the right to deny access to the property to its owner?
04:47How long does it take to notify a tenant to move out?
05:25Who pays utility bills and repairs?
06:40How to receive rental payments without residing in the UAE?
07:27Is it possible to raise the value of the rental contract?