Whether you’re a foreign investor or a resident of Dubai, but are new to investing in real estate properties in the UAE, It pays to familiarize yourself with the options available to you. While new reforms certainly make it easier to own properties in many locations, property management Dubai will remain challenging if you are not familiar with the duties and requirements fulfilled by a property manager.
What does a property manager do?
Those who are inexperienced may think that this role only involves selling properties to new owners and their job is done. On the contrary, property management companies like Rocky Real Estate Dubai do more than buy and sell properties. They play a crucial part in keeping the properties in their best condition, especially those that are for sale. The property managers are the tenant’s go-to person if there are any issues with the property, They also oversee the repair and maintenance of apartments for rent in Dubai and rental facilities that are still in the market. In some cases, they are also responsible for managing rental payments and other expenses, and facilitating contracts and transactions.
Routine maintenance and repair
Whether the property is occupied or not, performing routine maintenance and repair is crucial in making sure that all systems and appliances are working properly. It helps in detecting issues that may lead to hefty repair or replacement costs if not addressed immediately. Property managers schedule the maintenance work and are in touch with a range of service providers to ensure all systems are checked on time
If any of the systems in your property is broken or is not working properly, your property manager will get in touch with a service provider to have it fixed. They will follow up with the service provider if the repair is not done. They may also get your feedback on the work done or if the system is working properly.
On rare occasions, property managers may help in marketing and selling available properties to potential buyers, including flats for sale in Dubai.
Is it costly to hire a property manager?
This highly depends on your requirements. While many professionals and companies offer Dubai real estate for a higher price, it is quite reasonable due to the number of services they will need to provide and other tasks they must accomplish to fulfill your requirements. While paying the initial costs seems risky, it will be worth it since their professional services will not just help keep the property in peak condition, but the work they do will help ensure that your property’s value will not depreciate over time.
If you need help in managing your properties or you’re new to investing in real estate properties and need assistance with legal processes, you may get in touch with one of our experts at Rocky Real Estate whose knowledge and experience can help you obtain the best return on your real estate investment. We can also help you find a residence, office space, or freehold property in Dubai.