Generate passive income while
Retaining Ownership!
Leasing out a property allows you to generate income by renting it to tenants, creating a steady cash flow without giving up ownership of the asset. This means you continue to hold the property as an investment, benefiting from any potential increase in its value over time. As the landlord, you can collect rent regularly while still maintaining control over the property, which can later be sold, renovated, or used for personal purposes. It’s an effective way to earn passive income, as the rental payments can cover expenses like mortgage payments, maintenance, and property taxes, with the possibility of additional profit.
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CHOSE THE RIGHT AND REGISTER AGENCY
An experienced broker is essential for listing your property and attracting high-quality tenants. Research thoroughly and choose a brokerage with a strong reputation and a proven history of marketing similar properties. In a competitive market, your listing needs to stand out, which means using professional photography, crafting a compelling description, and working with a brokerage that has an extensive network and broad market reach
GET IT ASSESSED
The first step is determining how much your property could rent for. Get a detailed assessment or a comparative
market analysis (CMA) from our experts to understands the market thoroughly.
BE EXCLUSIVE
Exclusively listing your property with an agent has its benefits. It incentivizes the broker to dedicate more time and marketing effort to attract the right tenant. Plus, it simplifies communication with a single point of contact and ensures a cohesive marketing approach.
BE PREPARED FOR THE CAMERA
Registered owners are required to sign a RERA listing form OR Advertising Form for their broker to list the property. To fulfill their due diligence, your broker will also request a copy of the title deeds and your identification.
REGISTER TENANCY CONTRACT
Upon signing the tenancy agreement, you must register the tenancy with Ejari (in Dubai) or Tawtheeq (in Abu Dhabi). This is usually the tenant’s responsibility, but if your property is managed by iRealtor Real Estate, our property management team will handle it for you. Tenants can register online by uploading the necessary documents and paying a fee. Alternatively, they can visit one of the centers spread across the city to complete the process in person. To register the tenancy contract, tenants will need a copy of the tenancy agreement, a copy of the landlord’s ID, and their passport or visa details.
BRING IN THE PROFESSIONALS
Once your property is leased, we highly recommend considering professional property management, particularly if you own multiple properties or are a remote landlord. You can give them power of attorney to handle payment collections and renewals, as well as manage the property and tenants on your behalf.
KEEP YOURSELF INFORMED
Your property should be featured on your broker’s website as well as on various real estate portals. Additionally, your broker should actively schedule viewings for potential tenants they already have lined up. They should also communicate with you regularly to provide feedback on the progress of viewings and the overall tenant search.
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