Blog About Low Budget Hotels In Dubai

Migrating to a foreign country can be daunting and seeking a suitable place to rent can be intimidating. The population of Dubai is continuously increasing making the demand of rent property in Dubai is relatively higher than the previous year. Stats shows that just around 50% of Dubai residents are spending 30% ore more of their income on accommodation expenses. It is because most of the foreign workers due to short-term work contracts opt to lease instead of spending in the real estate. For the sake of financial relief to those looking to rent property in Dubai, Dubai government has imposed a law which restricts an owner not to exceed 5% of the annual lease price.

It is typical that tenant is given a package of Housing allowances. In past, companies would cover the rental bill completely but the trend has changed now. Lately, tenants are allocated a specific percentage on total annual rental cost. The rest of rent is to be paid out of the salary. Other considerable expenses incurred when someone tries to rent a studio in Dubai or an apartment in Dubai is a security deposit (refundable), possible parking fees, utilities, municipality fees (5% of the lease) and 5% commission of a real estate agent in Dubai. The landlord has to bear the expense of maintenance and repairs of the property. Tenants are restricted not to make any changes to the property structure without the permission of landlord.

It is quite often for a lease to be drawn up between the tenant’s company and the landlord. For a tenant to sign a lease himself, he should have his residence visa. The normal timeline of a lease is 1 year or 11 months. Unlike other countries where rent is paid on monthly basis, in Dubai a tenant is charged upfront the rent of entire year. Incase, the rent is paid on bimonthly basis, then also a tenant is supposed to provide two checks together. The first one is a current dated check with the amount of a rent of the first 6 months and the second one is a post-dated check with amount of a rent of the next 6 months. It is significant to consider the fact that once tenant signs a lease, he is tied to the contract. If tenant wants to terminate the lease, he has to take permission from the apartment owner. The good news for tenant is the favor that Dubai law gives to them. Property owners are not supposed to compel a tenant to depart without extremely reasonable grounds even if the lease is only for a year, as long as the tenants do not break any aspects of the contract, the lease is presumed to be renewable. The dispute between property owners and tenants are managed by Municipality (The Dubai Rental Committee) if it occurs.

After the analysis of cost on rent property in Dubai or rent studio in Dubai, the foremost concern is to determine the location. The most popular and preferable areas for European and USA residents are PalmJumeirah Apartments mostly situated near the beach park. These apartments are luxuriously furnished with large living area and quite affordable to rent property in Dubai.

Dubai Property especially Jumairah Lake Tower is highly popular for luxurious and extravagant resorts hotels. Even if you need apartments on rent in Dubai, you can have the extravaganza of water sports like windsurfing, water-skiing and scuba diving if you are planning to get it at Jumeirah Lake Tower.

Jumeirah Lake Tower is the place full of artificial lakes and waterways. Jumeirah Lake Tower is a coastal residential place and good investment area in Dubai property industry. The bank of this artificial lake at Jumeirah Lake Tower includes unique housing and commercial towers. There are water front homes and lavish apartments for rent in Dubai which provide dramatic, panoramic views. Seawater is pumped into the waterways through a unique underground pipe system. In the middle of Jumeirah Lake Towers, there lie Dubai Metals and Commodities Center including a 55-storey central hotel tower.

Jumeirah Lake Tower is the cream area for Dubai property investment and it is near to first rate golf courses and entertainment locations like Hard Rock Cafe, and international hotels and restaurants like Jumeirah Beach, Dubai Marina and The Palm islands.

Shopping, sports and dining are the extreme facilities that you can find at the modern Jumeirah Lake. However, there are other community features that you cannot find in any other area of Dubai property. Some of them are walking tracks, gardens, waterfalls, islands, children’s activities, broad roads and other extreme level of access-controlled security systems. Generally, Jumeirah Lake Towers has prime position among other Dubai property places because it is excellent for shopping, vacations and enjoying beach life.

Although Jumeirah Lake Towers is a big one among other Dubai properties, people who need apartments for rent in Dubai also go for other areas. Some of them are given below.

2 Top regions to buy Dubai property and get apartments on rent in Dubai

1.The Springs

The Springs is situated in the Emirates Living district of Dubai. It can tender you with ‘villa-living’ standard of living with calm and well integrated community of villas and amenities. Besides this the main appealing attraction is the least level of interruption from neighboring construction activities.

There is the extreme demand for apartments rent Dubai and The Spring takes the 7% of the total yields into account of the cost of maintenance.

2.Dubai Marina

Dubai Marina the archetype of the incredible development of Dubai property. Since early days of construction boom of Dubai property market, it is getting consistent popularity. At present the advanced infrastructure of Dubai Marina is continuously attracting investors for the elegant water-front life, delightful shopping centers, pubs, cafes, restaurants and lavish hotels.

Dubai Marina is approaching the finishing point and again experience less than nearby areas from annoyance of construction activities. The inclusion of Red Line Dubai Metro in September 2009 also tendered the traveling facilities in this area.

Conclusion

Jumeirah Lake Towers is considered as ugly brother of Dubai Marina. With equal successful characteristics, Jumeirah Lake Towers has achieved a progressive position of infrastructure.

Although Jumeirah Lake Tower is less expensive than Dubai Marina and other Dubai property areas, yet it can tender you with comparable position and facilities if you need to get a lavish place for apartment for rent in Dubai. Jumeirah Lake Towers is well associated with the launch of Dubai Metro services and soon it will be having right of entry to more than two different stations to facilitate traveling facilities.