One of the biggest benefits of partnering with a property management company in Dubai is the peace of mind they provide as they perform expert management services on your behalf.
But what exactly does property management include?
Everything from the daily supervision of day-to-day operations, ongoing repairs and maintenance, and security to leasing procedures, and other property-related activities.
Owners typically pay a fee or a percentage generated by the property to property managers. Each service is tailored according to the owner’s needs with a promise of maximum return on your investment, stress-free experience, and total peace of mind.
Management services
To further understand property management services, here is a deep dive into specific responsibilities that can alleviate your worries.
Consultation and Snagging
Property Managers are responsible for a thorough consultation, condition reports, and eventually snagging. This ensures that the property is in a premium state before it is rented. As such, the asset has already appreciated compared to its market competitors.
Pricing Strategy
Each unit is dynamically prized in order to make sure there are no overpriced units that can result in vacancy or underpriced units that fail to generate optimum ROI. A proper budget forecast and cash flow implementation to achieve planned business targets are also included.
Property Maintenance and Management
A regular schedule of maintenance, repairs, cleaning, and asset preservation to maintain property health. Planning strategy for tenant satisfaction and retention along with the elimination of ad hoc demand responses.
Tenancy Screening and Management
Tenant screening is important to ensure that every tenant is a credible and stable occupier. During the tenure period, concerns associated with Defects Liabilities, Owners Association Management, regular updates on new laws and regulations, and legal advisory and management can also be handled by property managers.
Comprehensive Marketing
A dedicated marketing team will provide UHD photography, professional videos, and a 360 Virtual Tour concept that will provide interactive media content that will then be promoted via marketing platforms like Social Media, Google AdWords, and property portals like Property Finder, Bayut, Booking.com, and lots more.
Rent Collection and Accounting
Forget the stress of chasing tenants and collecting rents. Leave it for your property manager to handle! Having experienced professionals managing this time-consuming and stressful task can save you time and money. A comprehensible account statement at the end of the month will also be provided so you can understand your cash inflow and outflow.
Dubai Property Management Fees
Property Management Fees differ for every property management company in Dubai. In the case of Key One Realty, the managing agent shall be entitled to a fee equivalent to 5% of the total collected Rental Revenue or AED 2,500/- minimum yearly in advance.
Top Property Management companies in UAE
Key One Realty, formerly known as Key One Properties, is a real estate company in Dubai specializing in the buying, selling, and leasing of properties.
At Key One Realty, our passion is property. We offer tailor-made services to match your requirements. Our mobile office offers property management solutions in all freehold areas of the UAE. We understand that in many cases, your rental investment may once have been your home.
That means it is even more important for us to find a tenant who will look after the property just as well as you did.
It is our commitment to qualify every tenant that we place in your property!
Key One Realty also offers
- Free Casual Letting for owners who manage their own properties – this includes a pre-inspection of your rental property with photos when we let the property.
- Inspection Only Service for owners who manage their own properties but do not have the time to do routine inspections (can choose every 3 months, twice a year, or yearly).
- Tribunal Assistance is for owners who require help with organizing and attending tenancy tribunal but wish to continue managing the property themselves.
- Property Care Services for owners who utilize their property as a vacation home. We will make sure your property is ready for your arrival and will manage all property-related aspects during your absence.