5 Factors to Consider When Renting Yas Island Property
Are you thinking of renting on Yas Island? Then congratulations—the area is beautiful.
Remarkably, the United Arab Emirates is currently a buyer’s and a renter’s market. This is great news whichever way you look at it. If you’re looking to move to Yas Island, then now could be a perfect time, because prices are more affordable than ever.
However, before renting a Yas Island property, there are some factors you should consider. Rent is likely to affect every individual at some point in their lives, and it’s essential to know what you’re getting into. Fortunately, renting doesn’t have to be as complex or expensive as you may think.
Keep reading for considerations you should take on when renting Yas Island property.
1. The Shape of the Market
Now’s a great time to rent property in Abu Dhabi, as prices are becoming more and more affordable. If you ask someone who’s been renting in the UAE for over a year, they’re likely to tell you that their rents have significantly dropped.
However, it’s essential to note that in Yas Island and other locations like Al Ghadeer, rents have remained more stable. But that doesn’t mean they’ll stay stable forever.
For excellent prices, now’s the time to start renting. If you already live in Abu Dhabi and have a rental renewal coming up, it may be worth considering negotiating a better price or upgrading to a bigger and property in Yas Island with more space.
2. Where to Find Great Value Property
If you’re thinking about renting in Yas Island, consider what you’re looking for in an accommodation.
There are plenty of excellent housing options in Abu Dhabi and Yas Island, so it’s essential to conduct plenty of research. There are some incredible deals, but wherever you choose to live should fit in with your lifestyle.
When browsing Yas Island homes and apartments and comparing property costs, check out the area for places you want to be close to. For example, schools, shops, entertainment, hospitals, or close to work.
It’s worth spending the time to research so you can be sure of your decision in the long run. If you have some extra money set aside, think about whether you might decide to buy a property instead. There are places on the market where a deposit on property costs less than a year’s rent.
If you find an apartment or house you love, consider visiting at different times of the day. That way, you can observe traffic flow, noise, and who your neighbors would be.
3. Insurance Options
When renting any property, it’s essential to consider insurance options.
Do you know how much your TV is worth? Or those vintage earrings your grandma passed onto you?
In the United Arab Emirates, insurance is often left neglected. However, insurance isn’t expensive if you compare it to refurnishing your entire apartment or home. Plus, it means you can feel relaxed and comfortable knowing that your property is protected.
Before you choose insurance, be sure to evaluate your belongings carefully, as they may be worth more than you believe. Most contents insurance costs less than Dhs500 a year, so it’s worth covering yourself.
Rental tenants are likely to have their home insured by their landlord. However, that policy is likely to only cover the physical aspect of the apartment or villa, like any damage to the building. It’s unlikely to protect your belongings, so you must arrange extra coverage.
4. Size and Layout
When looking at options for property, another essential consideration is the size and layout of the apartment or houses on your list. If you’re moving furniture, measure its dimensions to ensure that it will all fit into your new property.
It also helps to weigh federal guidelines, which limit occupancy to two people per bedroom. For example, in a two-bedroom property, you may prefer both bedrooms are accessible from the lounge to prevent people from having to walk through one bedroom to get to another.
As well as this, if you choose a one-bedroom property, you may want to select a layout that enables bathroom access for guests that doesn’t require them to enter the bedroom to reach it.
5. Communication With Landlord
It’s also useful to evaluate the level of service you receive from the landlord or property manager. After all, when you rent, it’s likely you’ll have to contact them for assistance.
What happens if your air conditioning goes out in the middle of the day? Or if your toilets clog during the night? How soon will your landlord respond?
Always do your research by asking other tenants in the area or checking online reviews about the property management company.
Are You Ready to Rent Yas Island Property?
After considering these factors, you may be ready to take the plunge and rent Yas Island property.
With so much to consider, it helps to start by creating a list of what’s the most important to you in renting a property. Then prioritize these features to help you understand that it may be impossible to find the perfect property with everything you want.
What are your must-haves, and which are nice-to-haves? Maybe being close to shops and entertainment is a high priority for you. Or perhaps finding somewhere affordable is important?
Write a list to help you narrow your search and help you make your final decision.
Browse high-quality properties for rent in Yas Island here from our wide collection. Happy property hunting!