Buying real estate property in Dubai and keeping it aside for sometime isn’t as profitable as before. The best thing to do in the current market is to buy a residential or hotel unit and put it up for rent. The rental yields of properties in Dubai are high and you can earn a decent passive income while your property increases in value. The entire mechanism is great but there is a catch to it. Maintenance! Especially when you have a property in Dubai but you are living overseas. This is where property managers come into the picture and choosing the right one can work wonders for you.
What’s the first thing you consider when you hire a real estate agent in Dubai? Professional experience, of course. Similarly, we also have to consider the professional experience of the property manager we’ll be hiring in Dubai. Trained professionals will always ensure that your property is in perfect condition and necessary maintenance is done timely. These people will also deal with your tenants, manage contracts and ensure the payments of utility bills. You just can’t entrust your valuable investment to a stranger, can you? So, do your homework right and hire a dependable and trustworthy company for your property management.
Look for Recommendations
Check your network for property managers and see who people recommend the most. You can speak to your friends or colleagues who are in this business and they will have some good people for you. It is always better to learn from the experience for others, especially when gaining personal experience costs you time and money. See if someone in your connections has had any experience with property managers in Dubai and try to get more than three recommendations about an individual or company before moving ahead with them. One of the best ways to get a good property manager is to contact the company that got you a real estate unit in Dubai. They’ll definitely have some good property managers at hand.
Researching property management companies will do you no harm. You can hit the streets (virtually due to the pandemic situation) and research on property management companies. This is a step beyond the references and involves investigative journalism work. It’s really not hard at all. All you need to do is to visit these companies, ask for properties they have managed and then visit those properties and see their work. Talk to the property owners about their experience and also have a word with the tenets living in the units. You will get a good picture of everything this way.
These were the ways you can get a good property manager for your real estate apartment or villa in Dubai. These property managers are also great when it comes to renting commercial or office space in Dubai. If you are a property investor looking for crossborder property investments in Dubai then Chiragh.com will allow you to invest in Dubai’s real estate market using the currency of your choice. Try them out and get properties in Dubai at the best price.