Not-So-Obvious Expenses: Keeping Your Budget on Track
● Housing Fee: An often overlooked cost is the Dubai Municipality fee, also known as the housing fee. This 5% levy on your annual rent is split and added to your monthly DEWA bills.
● Agency Fees: Unless you’re a seasoned Dubai resident with a knack for finding properties yourself, you’ll likely enlist the services of a real estate agent. Their fees typically range from 2% to 5% of the first year’s rent, a one-time cost unless you involve them in future renewals.
● District Cooling: Dubai’s scorching temperatures necessitate air conditioning. While some buildings provide central air conditioning with utility bills, others rely on district cooling systems managed by separate companies. If your chosen property falls under the latter category, expect a separate security deposit and charges based on usage and property size. Look for “chiller-free” rentals where the landlord covers the base cooling cost, with you paying for your individual usage.
● Moving Costs: Unless you’re packing light and moving across the hall, relocation expenses need to be factored in. Moving companies in Dubai offer a range of services, and the cost depends on the size of your property, the distance you’re moving, and any additional services like packing or storage.