1. The Importance of Pricing When Renting Homes
You know your home has a good location with all of the plush amenities a vendee could
ask for. For instance, you may have
ample space in and around your
home, a large living room, and all the
top-quality facilities. So, why is it that
you don’t have a lot of renters coming
to rent the place? Of course, it is a
matter of huge concern. But for all
you know, it could be the pricing of
the place that is not bringing in more
vendees. After a thorough research, it
has been observed that the market doesn’t really reject the home as much as it is
compelled to reject the pricing. After all, a buyer will only want to invest in a place that
has the best value for every dirham spent. Let's have a look at some tips that could help
you fix a price for your home.
Call in an agent: Having an agent that's knowledgeable and experienced can help save
you time as well as bring in more money. An
agent practically does all the homework and
research that is needed and accordingly keeps
you updated with the residential rentals in
Dubai. Furthermore, the agent will be able to
give you a detailed market statistics, and may or
may not include alterations that your home
should offer. Bear in mind, if you rental
requirement is high it will be on the market, but
you will have no tenants showing interest. All the
same, make a wise decision when you choose an agent.

2. Look around for similar homes: When you classify and categorise homes that have
previously been rented over a couple of months back you realise how is the market
trending. Based on the residential rentals you should be able to analyse what you may
receive for your home. Quite honestly, the value of the property is decided by what a
buyer is willing to pay and a seller is willing to accept.
What does the market tell you? Is the market leading up or down? When you
understand the trend you
can determine the price. For
instance, you cannot quote
a high price when you
know the prices in that
particular area are
declining.
Last but not the least, the
question remains how do you
know if you have quoted the right price? Well, if you have a steady set of renters
coming and asking you about the rent consider you have done a good job. Alternatively,
if you see very few coming, you will probably need to make some adjustments. All the
best!