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Property Management

Maintaining a rental real estate property can be a hassle for the owner, as he may need to resolve many problems, such as fixing leaking pipes and getting calls about electrical issues. Compliance with legal norms is also essential, as there are many laws and regulations in the UAE regarding leasing real estate.

Kelt & Co Realty offers professional Property Management services that will make your life very easy by handling your investment properties and providing an unhindered income if you decide to rent the property. This will save our clients the time and stress associated with Dubai’s real estate. We will look after your interests and keep you informed of any changes regarding the rights of landlords and tenants.

Our Property Management Services

Real Estate Valuation

The Evaluation Team will analyze and evaluate your property to determine if it needs any improvements or renovations to increase its value. Moreover, a comprehensive report based on various factors about their property will be presented to our client to give him a fair evaluation. This also includes the potential profit our client can make if selling or renting the property. Every process is carried out according to the client’s requirements, and we keep them up-to-date with the procedure to keep everything transparent.

Setting the Rental Price

The Rental Department will analyze your property and highlight its attractive points to engage potential tenants and set a higher price so our clients can profit from their investment. They will run a market analysis and compare the rents of other properties and then find an attractive asking rent for the potential tenants which will benefit our clients.

Tenant Screening

After running an advertisement campaign for your property, we will shortlist the potential tenants and hold meetings with them to find the best tenant. Our negotiations team carries out the process, and we will also discuss the terms and conditions of the leasing contract with the potential tenants.

Legal Matters

The Legal Team will carry out all legal matters for our clients. This includes drafting leasing contracts, registering property through the EJARI System, and informing the tenants of their obligations. The leasing contract will contain terms and conditions to avoid any future hassles.

Payment Management

We will manage payment by getting all the rental payments and receipts from the tenants on our client’s behalf. This will save our client’s time, and they will get their payment via us hassle-free.

Extension or Termination of the Lease Agreement

This stage includes legal support, inspection of the housing for possible damage, and monitoring the absence of utility debts. Moreover, suppose the tenant wants to extend his lease. In that case, we will consult our client and revise the agreement and, if necessary, add new terms and conditions that will favor both parties to nurture a good relationship between our client and the tenant.

Move-In and Move-Out Inspections

Our specialists provide a report with pictures and all details, which our inspector and the tenant will sign when moving in or out. This will include detailed HD photos and videos explaining the property’s condition in pictorial form when the tenant moves in or out.

Transparency

Our most important belief is honesty and transparency with our clients and anyone in the market. Our office is always open for our clients, showing all vital documentation, performance analytics, and financial reports relating to the property. Kelt & Co Realty can also organize international bank transfers from the income to be received by our client, if necessary.

Repairs

We will carry out repair services, through which we will conduct repairs and carry out major or minor renovations to improve your property further. We will also purchase new furniture (if needed) to attract and increase your property’s rental value. Furthermore, we will also conduct professional cleaning services before and after tenants move in and out.

Marketing Services

Thanks to our strong local and international network and marketing campaigns, your property will get exposure in the local and international markets. This will help you minimize efforts from your side to search for buyers, and we will find the right buyers interested in buying your property.

Our marketing strategies consist of:

– Professional Photography and Videography with 360 Degree Virtual Tours

– Social Media Posts and Advertising

– Private Tours and Open Houses

– Kelt & Co Realty website presence

– Local and International Property Listings Portals

– Direct Marketing Campaigns across WhatsApp, email, and SMS.

– Sign Boards and Display Advertising

– Agent Direct Marketing

– Property Events

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FAQ

Most frequent questions and answers

What is the property market trend in UAE?

The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.

What are the main types of investment properties in Dubai?

In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.

What are the main areas for foreigners to buy property in UAE?

In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.

Can I live in Dubai if I buy a property?

Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.

What is the future of real estate in the UAE?

The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.

How to invest in UAE real estate?

Here are some tips to invest in UAE real estate:

Know About Different Property Types and Their Worth
Research the Market Status and Risks
Property Investment in Dubai
Don’t Sacrifice Location
Choose Areas with High Rents and Demand
Spend Time in the Area
Luxury Property Buyers Should Have Financial Resources
Investing in Residential Properties Offers Shortcuts for Legal Residency
Seek Expert Advice When Investing in Dubai Real Estate

Can foreigners invest in real estate in Dubai?

Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.