Legally Sublease your home in Dubai
With over 1 Million visitors expected to visit Dubai for Expo 2020, why not look at how you can legally sublease your home in Dubai to Tourists. Though apartments or villas to rent in Marina, Jumeirah Beach Residences, Downtown and the Palm are by far the most desirable, there will be strong demand for properties close to the new International Airport and the Expo 2020 site.
The new system is implemented in a way to ensure that the home-owners meet all the quality standards, codes of conduct, amenities, safety, health and insurance benchmarks that the hospitality sector of Dubai is known for. News Sources are of a view that it will help attract tourists who look for something more than a budget hotel, while opening up the hospitality and holiday home segment in Dubai. A similar initiative is needed for the expats who move to Dubai either to study, for a new job or better life.
Guide to sublease your home in Dubai
With over 2000 licences issued last year by DTCM, there is only every growing interest from private landlords and holiday home companies to gain from Tourism in Dubai. If you are interested in subleasing, here is a step by step guide on legally subleasing your home in Dubai.
Steps (Home Owner)
1. Create an online account on the official Holiday Homes website.
2. Select ‘Home Owner’ for registration type.
3. Select a manager who will be responsible for the unit and enter the appropriate details. This can be a third party or the owner himself.
4. Upload valid Emirates ID copy or passport copy
5. Within 2-3 business days, your account request will be processed and you will be contacted for further procedures.
6. Submit required documents at the Dubai Tourism office and pay Dh1,570 to start your approval process.
This amount includes an annual registration fee (Dh1,500), classification of unit fee (Dh50) as Standard or Deluxe, Knowledge Fee (Dh10) and Innovation Fee (Dh10).
7. You have to submit a copy of your title deed and Ejari registration proof apart from other required documents.
8. After approval, the owner will get his own username and account as an approved holiday home provider.
9. Get your final license depending on the number of rooms and term to register your property.
The final license for the permit costs Dh300 per room for one term. The term of lease should be from three months to one year. You can use the same account to get separate permits for multiple units.
Home-owners are responsible for the standards of the accommodation and amenities. The property is self-classified as Standard or Deluxe but expect regular inspection by Dubai Tourism to ensure quality standards.
Tenants can follow the same processes with minor changes.
1. Tenants need a No Objection Certificate from their home owners along with an authorisation letter.
2. Tenants cannot sublet more than one unit.
3. The tenancy contract copy, Ejari registration proof and Dewa bills need to be submitted along with the authorisation letter from the owner.
The rules also allow only a full home to be rented out. Failure to register your properties with the DTCM when you sublease your home in Dubai, will leave you liable for a Dh5,000 fine. You can find more details on the Dubai Tourism Website.
In our next article we will look at holiday home providers catering to the Dubai property market and their reviews.