In 2023, Dubai saw a record-breaking total of 118,993 residential transactions registered, marking the highest figure ever recorded. This surpassed the previous record set in 2022 by 29.6%. Off-plan sales surged by 31.9% during this period, while secondary market sales experienced a notable increase of 26.3%.
Property purchases in Dubai are most commonly for personal use or for personal investment. It’s important that properties bought as an investment are maintained correctly in order to rent successfully. This requires active management of the property, not only when the unit is vacant but also when tenanted. Managing a property can be a very arduous task for any owner, particularly for those that are not located in the same area/country or have multiple responsibilities and other time consuming duties. Unbeknown to all, owning an investment comes with a lot of rules and requirements, particularly when factoring in legalities and RERA laws. Property Management in Dubai is a service that is provided to owners to take away the hands-on commitments, stress and demands of managing their property and occupants. The Property Management team takes care of an owner’s investment, ensuring that all requirements are handled efficiently to the highest standard allowing an owner to get the best from their investment.
Property Management in Dubai: What does it entail?
Property Management in Dubai offers a service to owners/investors that want to exceed the limitations of their investment without being actively involved. There’s a lot of factors involved in Property Management, to name a few; marketing the property, finding tenants, managing the lease, keeping up with demands & requests as well as collecting cheques and managing the overall maintenance. As an owner, investing in Property Management allows you to benefit financially from your investment without handling the tedious upkeep.
Our Property Management packages.
There is three packages available- silver, gold & platinum, offering a range of services to meet your needs, for example these packages include;
- Tenant Management
- Financial Management
- Marketing & advertising
- Maintenance Management
- Annual Maintenance Contract
- Renewal Management
If you would like to hear more about our packages, click here
Additionally, we also offer a package specific to new developments, The Handover Package. This focuses on a full, in-depth professional snagging inspection and report on new development properties that are due to be handed over to the investor.
All aspects included in Property Management can be just as important as the other, however tenant satisfaction is what helps retain long term occupant. In order to keep tenants happy, response time is crucial. It’s important that all communication, such as queries and complaints are responded to in a timely manner, particularly maintenance related issues. A reliable CRM system helps maintain a log of conversation and maintenance history on the property. Resulting in an accurate report at the end of the tenancy.
Why hire Property Management services in Dubai?
Investing in Property Management can heighten your own assets as their expert knowledge of the property market and regulations will ensure you achieve the best in every aspect, particularly rental income. In order to achieve this it’s important that the upkeep is well managed at all times. It’s the responsibility of Property Management to look after your investment so you don’t have to, this includes renting at the best rate possible, finding a reliable tenant, taking care of the tenant’s documentation (incl. Ejari, contracts & cheque collection) and the key handover. As well as organising maintenance, cleaning and carrying out an in-depth inventory report before the move in and after the move out. Alongside the onboarding of a tenant, Property Management also manage the tenant first hand during their contract period, being their first point of contact and responding to all request and requirements, delivering a hands-on proactive and professional service. This ensures an owner can enjoy the benefits of a stress free investment.
