rebecca 
Everyone knows that the UAE is full of investment opportunities, from starting a rental car business in Dubai to setting foot in the entrepreneurial sector in the UAE. Yet, nothing surpasses the profitability and security that comes along with the real estate industry.
As there’s a massive shift of expats in the country, the thriving real estate is booming like no other. But, when something goes above the bar, it’s common for this to get prone to undesirable rumors and misconceptions. Similarly, you’ll come across many tidbits of gossip when seeking properties on rental in Abu Dhabi or Dubai. That’s why we advise you to determine any information to ensure everything is clear.
Let’s determine some of the popular myths you’re likely to come across when seeking accommodation in the UAE.
Myth # 1- Pay Salary to the Brokers
When moving to the UAE, expats often encounter multiple myths regarding the housing sector. One of them is to pay salaries to the real estate brokers for the time they’ll invest in getting you accommodation. However, their value relies on commission. Both the tenants and the landlords have to pay around 5% commission on the rental amount for the deal.
Myth # 2- Post-Covid Era Decreases the Demand for Offices
Another popular misconception relates to the decreased demand for commercial spaces in the post-covid period. In contrast, we can’t deny that the pandemic shifted businesses from workspaces to work-from-home regimes. Although remote working is a new norm, locals and foreign entrepreneurs are finding commercial spaces to claim workstations in the UAE.
Myth # 3- Real Estate Industry is oversaturated
With the unexpected flow of millions of expats in the UAE, more and more accommodations are required. As a result, a myth is circulating about the country being oversaturated. However, the real estate market offers ample opportunities for buyers and tenants. It’s because there’s a development popping up at every turn, particularly in Dubai and Abu Dhabi.
Myth # 4- Foreigners Have No Rights in the UAE
It’s among the most common myths about UAE’s real estate market, which says foreigners possess no rights in the country. Let us tell us that not only can expats rent a property here but can also purchase properties in Dubai, Abu Dhabi, or Ajman. As for citizenship, they’re equally eligible to receive a residential and investor visa as locals.
Myth # 5- Prestige only Comes with Renting in Prime Locations
When moving to the UAE, it’s common to get impressed with prime locations as it symbolizes the Emirati way of life. Due to this, a misconception has been wandering, implying that you must have adequate funds to settle in the UAE. However, many neighborhoods are granting extravagant yet affordable living here. So, you can choose from various options if you’re seeking budget-friendly accommodation with a premium lifestyle.
Final Thoughts
If something stays in the limelight for a long time, it’s common for people to make it a part of the gossip rituals. Likewise, the real estate industry of the UAE made it to that community somehow. But, if you’re likely to shift to the country anytime soon, it’s vital to connect with a reliable source to get all the related information about renting. In this regard, property portals like Zoom Property arrive with expert consultations to walk you through the entire renting process seamlessly.
