Dubai’s charm extends far beyond its borders, attracting homeowners and investors from around the globe. Managing property remotely, however, can feel like a glaring task, be it because of the difference in time zone or no in-person interaction.
Whether you prefer a local representative, a DIY approach or a property management company, choosing the right option can ensure easy rent collection or house maintenance.
Here’s a guide that will help you explore various approaches to finding the right home in Dubai, even from miles away.
Tips to Manage Property Remotely in Dubai
Dubai’s lifestyle is well-known. Besides, the real estate market has many opportunities, with tax-free rental yield and impressive ROIs. Freehold areas allow foreigners and expats to buy property in Dubai. Furthermore, investors can manage their houses remotely.
However, the question arises if one can manage their house from abroad. Yes, one can manage a house remotely in Dubai without worrying about their investment. That said, there are multiple benefits and approaches to remotely managing a property.
Digital Rent Payment Method
Dubai’s real estate market has witnessed constant growth allowing foreigners to invest in freehold areas. Buyers can secure a steady stream of rental income. Moreover, they don’t need to be physically present in the area. Investors can collect rent payments directly in their bank accounts with the new rent payment method in Dubai, also known as direct debit.
Using Technology or Hiring Property Management Company
Maintaining your property remotely seems a difficult task initially. However, investors can opt for property management companies to keep their investments secure and safe.
Additionally, the technology is coming in to bridge the geographical gaps. With smart home apps, one is empowered to manage the house remotely in Dubai and monitor their property. Moreover, one can set e-signatures or use smart apps to manage property easily.
Approaches to Remote Property Management
While the benefits of Dubai’s property market are undeniable, remotely managing the real estate market can feel like a challenge. Don’t worry, though; there are some ways to effectively manage your property from afar.
Do-It-Yourself (DIY) Approach
This approach offers a cost-effective solution for property management, allowing one to save more rental income. But, the downside is that it comes with more time investment as one coordinates and communicates with the tenants, as well as the service providers themselves.
Here’s how technology can help manage the house remotely in Dubai:
- Digital Payments: You can set up online platforms for rental collections and bill payments. For instance, DEWA bill payment methods include online gateways, rent collection via direct debit, or looking for other services online, which can be helpful.
- Smart Apps: For remote management, leverage smart apps that can schedule and maintain utilities. Learn the tips to create a smart home and manage the house efficiently.
- E-signature: When handling property remotely, e-signatures for documents can come in handy.
Hiring a Local Representative
Hiring a local representative can offer a middle ground for managing the house remotely in Dubai. Local representatives can manage your investment and property. For instance, they can connect with tenants or call home maintenance services in Dubai for regular house cleaning and maintenance.
- Seamless Communication: Technology can help schedule regular video calls to discuss property updates and tenant concerns.
- Project Management Tools: Utilise tools to track the progress of your investments and share documents.
- Language Skills: Look for a local representative who is bilingual. This is a very important factor to consider in countries with as diverse a culture as Dubai.
Employing a Property Management Company
Last but not least, property management companies can help manage your house remotely in Dubai. These companies handle all aspects of your property, from communication to rental collection and coordination to legal matters. They take the weight off of your shoulders.
- Understanding the Costs: Property management companies usually charge a percentage of the rental income. Before hiring any company, clearly understand their fee structure alongside all additional charges.
- Prioritise Research: To find the right company, carry out thorough research and investigate the credentials, experience and services of companies.
- Communication Style: The last thing one wants is to be associated with an unresponsive company. Choose a company that prioritises consistent and clear communication. Also, discuss your preferred communication method beforehand so you receive timely updates without any hiccups.
FAQs
Yes, as discussed in the DIY approach, you can utilise different applications to manage your house remotely. However, it is recommended to hire a project management company for your peace of mind and their experience in handling the Dubai property market.
Property managers charge a certain percentage of the property’s rental value. Their charges usually range between 5% to 20% of the property rent.
Ultimately, the decision is yours. No matter what option you choose, these tips will help you manage the house remotely in Dubai.
