One of the most important factors in Residential management is to ensure one gets good tenants, especially in the current market located in Dubai. Reliable tenants not only provide high rental returns but also greatly reduce the risk of property loss or litigation. Dubai’s real estate market has a diverse range of rental accommodation; therefore, property owners have to employ marketing strategies to attract good tenants.

In this discussion, we will consider the ways you can optimize your property to find good quality tenants who appreciate long-term lease and no hassle leasing.

List out property’s unique features

In every property, there are always some characteristics which may attract the attention of a tenant, it can be the location, the facilities or the style of architecture. First, begin to locate such elements and then promote them well within your property listing. For example, if your residential property in Dubai Marina or Downtown Dubai, the main selling points would be the proximity to such attractions, transportation, and shopping malls.

Hire the best photographers for the best shots of your property. A well-presented listing not only attracts the attention of the viewer but also provides a potential tenant with all the necessary information on the property.

Set the Right Rental Price

A major determinant of tenant reliability is the price at which the property is offered in the market. If the rent is set too high, there will be little interest in the units available for rent, on the other hand, if the rent is set low, you will get some individuals who do not have the property’s best interest at heart or those who do not want to sign long term leases. Obtain the rental index to determine the level of rentals being charged in your region.

For instance, properties in areas such as Jumeirah or Business Bay may be more expensive in terms of the rent you pay, but they must also take into account the size of the property in question, the facilities available and its state. Pricing will also enable your property to be competitive to potential tenants and their expectations of fair charges.

Write a Tenant Friendly Lease Agreement

A well-structured lease agreement shows professionalism and trustworthiness to the reliable tenants. Spell out all terms and conditions clearly, including how long you have the rental, when and how you have to pay, what your maintenance responsibility is and any rules on how the property has to be used.

Transparent agreements protect the property owner, and also give tenants peace of mind. Make sure the terms in the deal are fair and lined up with Dubai’s RERA rules, lest disputes made down the road.

Focus on Property Maintenance

A tenant’s decision to rent is strongly influenced by the condition of your property. Make sure your residential property is in a good shape and move in ready. Before listing the property, fix any issues like leaky faucets, malfunctioning appliances or worn-out paint.

A clean and well-kept property is a good thing for you as a landlord, and it shows potential tenants that you care about the property and their living experience. Regular maintenance not only attracts quality tenants, but also makes them stay longer.

Marketing via Online Platforms

In today’s digital world, most tenants start their search for rental properties online. List your property on reputable platforms like booking.com, airbbn, Bayut, Dubizzle or Property finder, as this will help attract reliable tenants. Describe the properties exact location, size, amenities and nearby facilities. The description should be detailed and accurate.

Another powerful means of spreading awareness is via social media platforms like Facebook, Instagram, Snapchat etc. It also helps to share your listing on other platforms like Instagram or Facebook to attract potential tenants that are looking for homes in Dubai!

Offer Flexible Payment Options

In Dubai, many tenants prefer flexible payment schedule such as multiple postdated cheques or monthly instalments. Such options will also help to attract a wider pool of tenants for your property.

Flexibility shows that you understand the need of a tenant, and you are prepared to derive and comply with it within marginable line. This will differentiate your property over other properties with more rigid payment structure.

Develop a Good Relationship with Tenants

A positive relationship with your tenants helps them to become reliable in return. There is a big part of communication here. Keep the lines of communication open between you and the tenant at all times and make yourself responsive to their worries.

Showing tenants that you’re proactive and trustworthy is a big part of being a great property manager. This means regular check ins and prompt responses to maintenance requests. Happy tenants will take care of your property and will recommend it to others in their network.

To attract reliable tenants for your residential property Management in Dubai, you need to do a combination of strategic pricing, effective marketing, thorough screening and a tenant friendly approach. Showing how your property stands out, keeping it in good shape, and having great relationships with tenants will help you get a steady income and a hassle-free rental experience.

If you require help in managing your property or finding the right tenants, HomeGram can help you. We simplify the process of leasing with in-depth market knowledge and a client first approach, which results in success for property owners and tenants alike.