Keeping the rental price realistic News
Renting your property in Dubai could be quite difficult if you fail to know the market demand and what clients prefer. The real estate market in Dubai for instance has a lot of competition going on. If a landlord doesn’t observe the market well, it could be difficult for their property to get rented. The reality is that landlords tend to list their properties for a higher price, without thinking that a huge percentage of potential tenants would never find that kind of deal best for them. Once their properties are online for quite some time and they realize that they can’t find a tenant, they resort to lowering the price of the rental.
This move from the landlords imposes two sides of a coin. Either clients would see it positively and grab the chance to rent the property, or they may think that the property could be having problems that could be the cause why it’s depreciating in value. This is the kind of scenario is what landlords should avoid. Clients are after affordability. Since they have a lot of options, they would most likely prefer to rent an apartment where their budget fits. Here are a few tips that landlords must remember in order to keep the renting price realistic.
Study the market demand – Your decision to rent your property at a certain price must be backed up by the right kind of information. A keen observation on how the market moves will enable you to distinguish the right price where you can easily rent your property without experiencing any breakeven or less income. Keep in mind that your goal should not be based on one side only. Focus on the bigger picture so you could stick to the reality.
Seek advice from a Property Consultant – There’s no harm in asking about the right price for your property. With the help of a property consultant, you ensure that the decision you’ll be making will be properly guided. Besides giving a reasonable renting price for your property, they can also give you pieces of advice on how to market your property to get it rented faster. Use these helpful tips so you could achieve your goal in a speedy amount of time.
List your property with RightDoors – They can get your property rented faster than anyone else! When you list your property with them, they list it for free! They give your property the chance to be seen by millions as they list it on a lot of property portals in Dubai. And best of all, they don’t charge any commission to your potential tenant but only a flat agency fee of AED 999, giving you a better advantage to let your property rapidly.
Inspiration taken from https://www.khaleejtimes.com/business/real-estate/why-realistic-prices-are-key-for-a-swift-house-sale