Best Property Management Companies in Dubai

As a landlord, should you hire the services of a property management company? The answer depends on many factors such as your ability to deal with tenants, time at your disposal and your willingness to set aside a portion of your rent towards property management fees.

What does a good and professional property management company do?

As your Property Management Company, we deal directly with prospects and tenants, saving you time and worry over marketing your Dubai property, tenant screening, rent collection, dealing with all kinds of maintenance and repair concerns, answering tenant complaints and in some cases, handling evictions legally. Additionally, we offer you our extensive know-how and experience so that you can rest assured that your Dubai property is in good hands.

When should you hire the services of a property management company?

Hiring the services of a property management company can be expensive, so here’s a quick look at when you should consider working with one.

1. You own many properties The more properties you own, the more you're likely to benefit from working with a professional property management company. 
2. You do not live near your property. If your Dubai property is not close to where you live, a property management company can be invaluable in dealing with and resolving the myriad issues that you will not be able to handle from afar. 
3. You do not want to be involved with hands-on management. Do you view property ownership only as an investment and do not want to take on day-to-day management of your Dubai property? Then, consider hiring help. 
4. You do not have enough time. Prefer to spend your time growing your business and expanding your investment portfolio? Then a property management company may be a good way to spend your money.

At Better Homes Property Management, our client portfolio ranges from individuals, private investors and commercial entities across the United Arab Emirates. With decades of experience behind us, we have the knowledge, experience and a sophisticated understanding of Dubai property to help you market your investment and derive great returns from it.

As a leading property management company, we work directly with prospective tenants, saving you time and worry over marketing your property, rent collection, repair and maintenance, tenant communication and in certain cases, evictions.

Moreover, our dedicated property management team helps you secure high quality tenants via our screening service: one of the most significant benefits of working with a property management company. While it is possible to evict a bad tenant, it can be a hassle. Through our screening process, we get you reliable tenants who pay on time, rent longer, create less wear and tear on your Dubai property and generally give you less room for worry.

Not just that; we help you benefit from shorter vacancy cycles by:

• Improving and preparing your property for rent: We will suggest cosmetic improvements that we think will help attract enquiries and maximise your returns. 
• Effectively marketing your Dubai property: We have a dedicated in-house strategic marketing team who advertise your property across online and offline platforms such as our website, bhomes.com and conduct open Houses to drive footfall to your rental. 
• Conducting a comprehensive walk-though of your Dubai property and providing a detailed document to assess damages. Further, we conduct periodic inspections to ensure that your Dubai property is maintained responsibly and is ready to move into. At the end of a tenancy contract and at the beginning of a new one, we provide a detailed check-in/check-out report which has information on our inspection to record the condition of the unit and verify that the handover is complete and/or that deliverables such as keys, access cards and documents are received by you from the tenant.

Enjoy the freedom that comes with living and investing wherever you want without having to be available to resolve tenant issues. Free up more of your time and spend it on expanding your business, family, friends or doing things you enjoy.

However, it’s important to remember that while working with a property management firm may eliminate day-to-day hassles and offer valuable assistance with lightening the load, nothing ever fully relieves you of management responsibilities as long as you own a Dubai property.

Looking for professional property management services? Give us a call. We look forward to working with you.

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Property Management Companies in Dubai

At Better Homes Property Management, we service the entire UAE. Our clients include individuals, private investors and commercial entities. With decades of experience behind us, Better Homes has the knowledge, experience and a sophisticated understanding of the Dubai property market to help you advertise your investment and gain maximum exposure needed to attain the highest return.

By working closely with you, we identify your needs and goals, to bring better value toward your investments and give you the confidence and security that you need. Rest assured, your best interests are well served by our dedicated property management team.

Wide Range

We offer property management solutions for single units, multiple units, entire buildings and developments in Dubai’s residential and commercial segments. At Better Homes, we strive to provide professional and proactive property management along with exceptional customer service to owners and tenants.

Services

Our property management services cover all of the daily necessities required for your property to be successful in giving you the best possible returns; giving you the flexibility and freedom to explore your goals. We offer a full and comprehensive range of property management solutions ranging from accounting to coordination of repairs and maintenance. This way, we commit to providing you value-added services which make your Dubai property operate more efficiently and effectively.

To begin with, we provide ongoing maintenance to improve daily operations and prevent costly repairs. In the event of road repairs, we work closely with maintenance experts and get contracted work done when necessary, by scrutinizing closely for quality and efficiency.

Why you need a property management company

As a leading property management company, we work directly with prospects and tenants, saving you time and worry over marketing your Dubai property, rent collection, repair and maintenance, tenant communication and in certain cases, evictions. Additionally, we bring our knowledge and experience to your Dubai property.

Market Research and Property Inspection

Our dedicated Property Management team systematically performs a market rental analysis and a thorough inspection of Dubai properties in order to determine the appropriate rental value. Upon communicating this to the owner, we begin teaming up with them to strategically manage their unit. Additionally, we conduct a detailed pre-handover inspection of your Dubai residential property, identifying all visual defects and faults that need to be rectified by the developer.

Strategic Marketing

We successfully market your Dubai property so that a reliable tenant can be identified through our professional screening services. As for advertising, we use bhomes.com, which attracts millions of unique visitors each month and features a detailed description of every Dubai property alongside descriptions of the home, location, size, floor plan and rental fees. Additionally, we engage in the re-marketing and management of your vacant Dubai property between tenancies.

Tenant Screening

We utilise a professional screening service to evaluate a prospective renter’s credit, background check, professional and employment history, rental history and other references. Our complete screening process offers numerous rewards and advantages such as low tenant turnover, sustained occupancy rates, happy tenants and satisfied Dubai property owners.

Rent Collection

We promptly collect rents and provide you with a cheque or a direct deposit to the account of your choice.

Dispute Resolution

We help you with resolving disputes in a judicious manner. In the event of non-payment by tenant, absconding tenants or other disputes requiring legal attention, we register a case with the Dubai Rental Dispute Settlement Centre. Additionally, we arrange for legal notices to be sent to tenants, on behalf of the landlord, in line with the governing law.

Move-In/Move-Out Process

At Better Homes Property Management, they do a comprehensive walk-through of your Dubai property and have a detailed document to assess damages. Furthermore, we conduct periodic inspections to ensure that your Dubai property is maintained responsibly and is ready to move into. At the end of a tenancy contract, and at the beginning of a new one, we provide a detailed check-in/check-out report which has the inspection information to record the condition of the unit, verify that the handover is complete, and/or that deliverables such as keys, access cards and documents are received by the landlord from the tenant.

Hiring a property management company can be great for your bottom line. As a Dubai property owner, the first thing to consider is whether you have the time and expertise to manage your Dubai property. Will you be on call 24/7 to handle issues that may arise? Are you comfortable confronting tenants over late payments?

Working with a property management firm can eliminate day-to-day hassles and offer valuable assistance with lightening the load as long as you own a property.

Give us a call and we look forward in working with you.

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Dubai property, World's best place to invest

Despite the slight fall in prices, is Dubai still one of the world’s best places to invest property in? The answer is a resounding yes.

It is no secret that Dubai property sales values and transactions have shown a dip over the past year and a half. The government has since introduced cooling measures to prevent overheating and speculation given the upcoming World Expo 2020 that Dubai is gearing up to host. The Expo is the UAE’s opportunity to engage in the global community and drive innovation.


However, this price softening is no reason to feel worried about an upcoming bubble as it is only a sign of the market auto-correcting itself for the sake of long-term stability. Furthermore, the Dubai property market continues to mature given the government’s strategic regulations such as increased property registration fees and mortgage caps.

This is in fact a great time for those looking to buy Dubai property as attractive bargains are to be enjoyed in some locations. Moreover, with high rentals, this is an apt time to lock in a property that will bring good yields as well. So while the Dubai property market may remain subdued over the course of this year, this phase certainly provides rewarding opportunities for investment in Dubai real estate for the long term.

Dubai property represents solid value when compared with other global real estate markets and is one of the world’s best markets for income-generating assets. We believe that greater control and market regulation will help the Dubai property market mature and keep confidence among the investor community.

With the government stepping in to curb speculation by tightening mortgage regulations and capping price increments, the Dubai property market has learnt from the 2008 downturn and is heading steadily to be more mature and better controlled. Furthermore, the market is performing very well in the rental segment, with rental yields reaching more than 7%. Compare this with cities such as Hong Kong which offers around 2% to 3% and London which offers yields averaging 3% to 4%.

So, while Dubai property sales prices have dipped, the rental market has remained robust given the increase in expat population and number of jobs created by the infrastructure investment planned around the mega Expo 2020. Hence, those with stable incomes and long-term plans of living in the UAE should consider investment in Dubai real estate, as rents can work out to be more expensive in the long run than mortgage payments. Investors should consider buying off-plan properties to take advantage of the recovering market, as Dubai property units are being offered at a 20% to 30% discount.

Lower prices, higher yields: this is the right time to invest in Dubai property.

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Viewing the horizon for Dubai real estate in 2015

It is almost 10 years since Dubai's property business went into a subsidence fuelled money related plunge, and the emirate has seen something of a Hollywood style rebound. In any case, in 2015, 'once nibbled twice bashful' is the mantra of numerous industry experts sharp not to see history rehash itself.

Back in alarming 2008, house costs in Dubai dropped by a huge 70 for each penny after an infection of off-arrangement property flipping – and an excessively, too quick mentality – injured the business sector.

Be that as it may, the Bedouin Spring, in addition to the obligation rebuilding of Dubai World, saw a colossal rerating of Dubai real estate from 2012. The property showcase then topped in April 2014, prompting costs falling by around 20-25 for every penny. Right now, most concur the business sector has hit its first real redress subsequent to the money related tidal wave of 2008.

So what precisely is not too far off for land in Dubai as we push ahead? Can financial specialists and land firms at long last stride off the rollercoaster?

Its a dependable fact that normal manor and flat costs fell by no less than three for each penny in the initial four months of 2015, however this has not halted engineers from progressing with development. This has prompted an emotional decline in exchanges from the elevated amounts of mid 2014. There is additionally the sudden increment in expected conveyances, which is said to go from 22,000 to 25,000 – which is around 10,000 units more than in 2014. This all makes an end of 2015 upward spike in the property business close unthinkable.

At that point there is the Russia impact. Managing an account sanctions and the subsidence in that nation have seen money rich Russian Dubai land purchasers everything except vanish. The fall of the sterling against the US dollar has likewise put off UK purchasers.

On the other hand, all is not as grim as it appears. The Dubai government has been doing its bit to raising so as to endure the boat for the advancing years property exchange duties to effectively demoralizing theoretical rises, in addition to the National Bank of the UAE now nearly screens bank loaning for development ventures.

Since the UAE dirham is pegged to the US dollar, the weight of change in accordance with an oil or collapse stun falls on the property business sector and UAE values, which both crested in May 2014 generally as the US dollar record started its mammoth ascent.

It is sure that merchants situated in England, Russia, India and Europe will slice costs this late spring to take advantage of 2015 money win because of the ascent of the UAE dirham and the US dollar since the previous summer.

To put it plainly, these are still stilted times for the real estate business in Dubai, yet there is a more sensible way to deal with working together and a developing industry that ought to begin harvesting advantages.

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Dubai Property Rental

Dubai property rental can be slightly difficult for a new resident to the city. The prospect of finding a reasonable place to rent property in Dubai, one that fits rental budgets and location requirements is a challenging task, anywhere in the world. In this city especially, finding Dubai Property for rental can be daunting.

The city’s population has increased two fold and is expected to nearly double. In contrast to the overflow of people coming to reside in the city, the Dubai property rental market is presently undersupplied. The numbers of villas and apartments available to rent property in Dubai have not been able to meet the market’s demand, sending rents skyrocketing........View Full Source

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Dubai Real Estate Market – Know The Prospects

The best way to obtain some considerable profit and make money is by investing in the real estate, especially in Dubai, United Arab Emirates. Dubai is offering the most lucrative real estate investment opportunities in the present times. Its advancement in the economic sector makes Dubai as the best option for foreign property investment. Most of the property investors from worldwide would consider in the same manner. It surely makes Dubai real estate completely invaluable.

What you need to do here is to look out for the demand of the entire real estate market in Dubai. Even though the market is slowing down due to the global economic conditions, you can still anticipate Dubai properties offering you some great prospects. Why is it so? Consider the following:

Dubai Free Hold Properties
You can buy real estate in Dubai will complete rights of the private property ownership. It comprises of complete title of the land and property. The foreign nationals can enjoy a 100% freehold ownership of few properties in Dubai.

Development In Dubai
Dubai can offer you with great working prospects. People have been relocating to Dubai, as they find great working opportunities in the area. Thus, they really need a place to stay or live in such as villas, houses, apartments, hotels and other residential real estate.

Architectures Dubai
You can find some of the craziest and tremendous architectures in Dubai. Burj Dubai happens to be the tallest skyscraper building located in Dubai presently. The best thing about it is that a man-made lake surrounds Burj Dubai and it has been able to attract people from all around the globe, and as a result they visit Dubai to see the amazing architectures.

Dubai Properties and Real Estate
Some of the most renowned real estate projects in the world are from Dubai that have been able to obtain International standing. There are 3 man-made islands namely The Palm Deira, The Palm Jebel Ali, The Palm Jumeirah. These projects have been able to attract people from worldwide.

Dubai Tourism
As Dubai happens to be one of the most favorite tourist hotspot, and short-term estate rentals is one of the most thriving ventures. You can provide tourists with holiday resorts, beach, villas, apartments and other accommodation options.

The Dubai real estate industry is already booming and will keep growing. Now, it is the best time to invest in Dubai properties while you will be able to get the property at the bargain price.

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UAE cash buyers more common for property sales

With the overall cost of living on the rise, the majority of income earners find the cash purchase of a villa or an apartment a challenge and an even bigger ask for potential homeowners in the lower income bracket.  The most common solution is financing a home just as many financed a car through monthly payments.

With many mortgage interest or banking fees on the high side some cash buyers prefer the payment mode by choice thereby saving on associated lending fees, all of which is leading to the process, purchasing a home with cash, being more common in Dubai particularly with properties purchased for the longer term. 

However, there is a new survey out on the market that states 54% of Emiratis pay by cash or by cheque in the purchase of a new apartment or villa while the percentage of expatriates who choose this route is much lower because, in these cases, access to the full cash amount is not feasible.  Percentages include 27% for Westerners, 37% for Arabs and 39% for Asians who choose the cash or cheque payment mode.

All in all indicators point towards investors demonstrating confidence in the Dubai property sales market with YouGov stating that 3/4s of property buyers are purchasing for their first time, based on a study conducted by the organisation.  And many BetterHomes’ sales agents have experienced a high number of foreign buyers making their first UAE property purchases using the finance route.  The survey also stated that the general trend was for investors in UAE property to be mature buyers (over 50 years old for 8 in 10 of them) and for location to be considered an important decision maker with a greater preference for locations near a beach, a public park, a mosque or a shopping area (stated by 51% of the 308 participants).

Most financial planners will advise that the investor route is only advisable assuming the buyer has ample funds available for emergencies rather than investing all savings on the property purchase; and that it may be wise to consider spending some of the available funds on alternative investments that offer higher returns. 

One financial planner at deVere Acuma said, “There are financial benefits to gain from using leverage to finance the purchase of a property.  A serious investor will know that greater returns are available from leveraging and also owning multiple rented properties helps with diversification. If one unit is empty, the income from the others helps offset the finance cost. If we used London between 2003 and 2013 as an example, the annualised profit from a leveraged property is almost three times that of a property purchased in cash (11 per cent per annum versus 4.1 per cent). There can be tax benefits particularly for expats to leverage including financial planning opportunities to mitigate Inheritance Tax; not so much an issue for an Emirati unless they wish to have a greater choice in succession planning.”

With an improvement in construction quality from developers and more flexibility of payment plans for potential investors, demand for Dubai property investment continues to remain stable.  In addition, government property regulations additionally boost market confidence, particularly the removal of the 5% cap on rental increases which has raised income and ROI making investing a solid alternative to renting.

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Buying residential property in Dubai-a stepwise guide for investors and conventional buyers

Whether being local resident, expat or overseas investor, if you want to buy a residential property in Dubai, you will need to consider few basic things in order to avoid becoming the victim of scams. Its better consider taking professional legal advice to understand legal requirements of buying assets in the city.

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