6 reasons to hire a property manager in Dubai

As a thriving city, with a booming real estate market, owning a property in Dubai has become an attractive investment opportunity. But, managing a rental property can be a daunting task, particularly if you are new to Dubai or live overseas. This is where a property manager comes in.

A property manager is a professional who takes care of all the day-to-day operations of a rental property on behalf of the landlord. This can include finding tenants, collecting rent, handling maintenance and repairs, and ensuring that you follow all local laws and regulations.

Betterhomes Property Management manages the largest portfolio of residential and commercial properties in the UAE, with over 8,500 units under management. We consulted our team of over 50 property management professionals to identify the 6 top reasons why you should hire a property manager in Dubai. 

1 - Local knowledge and expertise

If you are new to the UAE or live overseas, then you may be unfamiliar with the real estate market. A property management professional will have extensive knowledge and expertise in the Dubai real estate market, including rental rates, property laws and regulations. They can tell you the best strategies for managing your property, maximising your profits and avoiding legal issues.

2 - Time-saving

They say time is money, and property management can be time-consuming, particularly if you have many properties or other commitments. A property manager can save you lots of time by handling the day-to-day tasks, including finding tenants, collecting rent and handling maintenance and repairs.

3 - Tenant screening

As a landlord, there is always a risk that a tenant mistreats your property or fails to pay their rent. But, there are steps that you can take to minimise the risk. A key one is to screen any potential tenant before signing the tenancy agreement. Betterhomes Property Management has a strict process of finding and screening tenants on your behalf. This includes verifying their identity and work-related details to ensure that they are reliable and financially stable.

4 - Rent collection and financial management

In Dubai, rental payments are usually made using post-dated cheques. This can mean storing cheques and ensuring that you cash them at the correct times, which can be a tedious task. A property manager can take care of financial matters for your property. This includes collecting and storing cheques, cashing them at the correct time, and handling any late or failed payments.

5 - Maintenance and repairs

Regular maintenance and repairs are an essential part of managing your rental property. As a landlord, do you want to be dealing with those late-night phone calls about maintenance issues? Or would you like to let a property manager take care of it on your behalf? A property manager can handle all maintenance and repair tasks associated with your property. This includes scheduling regular maintenance checks and handling emergency repairs.

As a landlord, you want to know that anyone who completes maintenance and repairs will do so to a high standard, for a fair price. But, finding suitable contractors isn't always easy. At Betterhomes Property Management, we have service-level agreements with trusted providers, which include the prices of services and the parts. This allows Betterhomes Property Management to provide high-quality maintenance and repairs for a pre-agreed price.

6 - Legal compliance

Dubai has strict laws and regulations governing the property market. Ensuring that you are compliant with these can be challenging if you are not an expert. A property manager can ensure that your property is compliant with all local laws and regulations, including tenancy laws, building codes, and safety regulations.

Start benefiting from a property manager

As a real estate investor, using a trusted property manager can be one of the best decisions you make. Here we have covered 6 of the reasons to hire a property manager, but there are many more. By using a property manager, you can save a huge amount of time, money and headache, freeing you up to focus on more important things.

Here at Betterhomes, we have a team of more than 50 experienced property management professionals. They use best-in-class technology to manage the UAE’s largest portfolio of residential and commercial properties.

If you’re ready to experience the benefits of a property manager, then contact us today.