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Taking care of property can be difficult, especially when you’ve got a lot to fend for. From handling maintenance and repairs to taking care of monthly dues, property management isn’t as easy as it seems.
If you’re a landlord leasing out some commercial spaces or an owner of houses you’ve been planning to rent out, we’ve got the answer to making your life easier. Check out our list of the best property management companies in Dubai!
But before we make it to our list, let’s talk about how much you’ll have to spend on a property management company in Dubai.
The Cost of Property Management Companies in Dubai
Like many other customizable services, property management companies don’t usually have fixed rates. Because there are several kinds of properties and a broad spectrum of services that fall under property management, most companies offer rates on a quotation basis.
Other than the kind and size of your property, prices mostly depend on what services you’ll be getting and to what extent the property management company will be hands-on on your property. The duration of services and how valuable your property is also contribute.
Though rare, some property management companies still offer fixed rates but in the form of package deals.
The Best Property Management Companies in Dubai
Now that you know a little more about what goes into the cost of property management in Dubai, it’s time to choose a company that can best attend to your needs! Read on to see our picks for the best property management companies in Dubai!
1. Manage My Property
|ADDRESS||3rd Floor, Rolex Tower, Sheikh Zayed Road Dubai, UAE|
|CONTACT DETAILS||[email protected]|
Handover and Snag
Manage My Property was established in 2007 and has over 10 years of experience in managing properties. They offer a wide range of turnkey services related to Dubai property.
People love them because they have a wealth of experience and in-depth knowledge of successful asset management, advanced technology, and effective management solutions that enable them to provide their clients with complete transparency and peace of mind.
Unlike other companies, they provide detailed inspection reports over the tenancy period to ensure that the client’s tenant is accountable for any damages caused during their time on your property.
Another thing that is unique about them is their simple process of working with them. Step one is to contact them and send the required documents to receive their price structure. Step two is to agree with the terms & conditions and sign the documents. The last step is to download their app and monitor your property in real-time.
Here are some reviews from their previous clients:
“MMP are the most fantastic letting agents – they cover issues that we would never have thought of! They also project managed a house refurbishment for us which ran extremely smoothly. Nothing was too much trouble for them. A big thank you to Andrew and Lerri for all their hard work.”
“We rented from MMP for nearly 5 years. The service was amazing all the way through – their fees were very reasonable, Lerri & Andrew were both quick to reply to emails & any issues were resolved efficiently without issue. I would highly recommend MMP to anyone looking to rent!”
2. KeyOne Properties
|ADDRESS||Office 311, IBN Battuta Gate Sheikh Zayed Road Dubai, UAE|
|CONTACT DETAILS||+971 (055) 802 2087 |
+971 (04) 208 9111
|SERVICES||Lettings, Property Management, Property Assessment, Online Listing, Maintenance, Housing Tools, Online Payment Facility, Landlord Portal|
A subsidiary of KeyOne Real Estate, KeyOne Properties is best known for all-around property management that gives you good value for your money. Acknowledging that property management is more than just a string of business transactions, the company offers customized solutions for every kind of client.
For landlords, their main services are Listing, Management, and Full Management.
Listing—which includes professional photos, to let sign, key management, viewing arrangement, and tenancy agreement—is free of charge.
For Management and Full Management services, both packages include handling tenants, rent collection, monthly statements, online portal and 24/7 contact line, check-in and check-out inspections, service charges and bills payment, and arranging property insurance.
The main difference lies in the rates—the Management package imposes a fee of 5% of the rental income while the Full Management package imposes 7%.
The reason for the additional 2% for the latter is because of the added property inspections during tenancy, repairs management, contractor management, and rental tribunal assistance.
But what truly sets Key One apart from the other property management companies is that they continue helping you even after finishing their service contract. They offer casual letting free of charge and services like inspections, tribunal assistance, and property care for a minimal fee.
Many clients have commended Key One for their hard work and excellent customer service.
Former client, Ekaterina, said: “Having honest, reliable, and hardworking people helping us makes the whole experience of property investing more enjoyable and rewarding.”
On the other hand, Vladimir said: “KeyOne provides me with great peace of mind. I know my property and tenants are well taken care of and all my issues are addressed immediately by the KeyOne team.”
|ADDRESS||42nd floor, Vision Tower Business Bay Dubai, UAE|
|CONTACT DETAILS||+971 4 408 1000 |
|SERVICES||Management, Rental Collection, Handling Tenant Concerns, Maintenance and Repairs, Quarterly Account Statements, Marketing, Tenant Screening|
Founded in 1986, around the same time as Asteco, Betterhomes has been in the business of buying, selling, and renting properties for over 35 years. Six years into the business, the company aimed to provide clients with a more comprehensive real estate experience through property management.
Having worked on properties with major developers all over the UAE for so long, Betterhomes is a company known to deliver quality service that clients trust. Beyond Dubai, they’ve also managed to establish offices in Abu Dhabi and Qatar.
Though property management is not the company’s speciality, it’s still considered one of the best in Dubai because of its comprehensive package with the rate of 8% or AED 5,000 yearly, depending on which is higher. This includes marketing your property, screening of potential tenants, collecting rent, and maintenance.
Betterhomes always makes the client’s best interest the top priority and ensures your investment is worth the spend—which is proven by their track record.
At present, they have an occupancy rate of 95%, yield higher rentals compared to non-managed properties, and manage over 5,000 properties all over the UAE.
Many of Betterhomes’ clients have left great feedback over the years.
Former client, Sherif Elbehery, said:
“My experience has been great. The team was very professional and helpful. It started by a professional deal closure followed by a very smooth same process. I am located outside UAE, the team helped me with the POA and handled every single step professionally all the way.”
Joseph Ryan and Mary Cahill were very pleased with their agent’s service. They said:
“We have been dealing with this company for at least 10 years. Kunaal Kakiya, our present agent, has been extremely efficient and gives an honest review of the situation on the ground. He is always readily accessible via phone or WhatsApp.”
|ADDRESS||Office 3101, The Regal Tower Business Bay Dubai, UAE|
|CONTACT DETAILS||+971 55 265 7202 |
|SERVICES||Short-term Rentals Management, Guest Screening, Check-in and Check-out, Cleaning Services, Emergency Contact, 24/7 Response Guest Communication,|
A modern company aiming to change the industry playing field, Yallarent offers a kind of property management service different from all the others on our list.
Think of Yallarent as the company that runs your hotel or serviced apartment for you—like the concierge and housekeeping meshed as one. As such, Yallarent usually caters to short-term rental properties on Airbnb, Booking.com, and TripAdvisor.
In order to maximize your income, Yallarent promises local market expertise, custom build pricing tools, and up to 40% higher rental income.
They also guarantee your property’s security through a thorough guest screening service, ID checks, and a 24/7 emergency hotline.
Their full management package includes services like handling all the legal paperwork before operating, profile listing and advertising, key drop off and collection, house cleaning, maintenance, and restocking essentials.
They also know how important it is to keep guests happy and coming back. Not only do they welcome guests with local treats on your behalf, but they also offer 24/7 guest communication, a customized guest house guide, and towel and linen laundry.
Yallarent has received superb feedback from many grateful clients.
Ali, an owner of 2 short-term rental properties, said: “I have been thoroughly satisfied with all the services they provide and I couldn’t do it without them.”
On the other hand, Elizabeth, who rents out her property whenever she travels, said: “When we come back home, it is like no one was ever here. It’s like magic.”
|ADDRESS||Office No. 702, Al Zarooni Building Sheikh Zayed Road, Al Barsha 1 Dubai, UAE|
|CONTACT DETAILS||+971 (4) 597-3420 |
|SERVICES||Full Property Management, Letting, Marketing, Advertising, Maintenance, Repairs, Tenant Screening, Professional Property Photography, Condition Reports, Fund Collection and Transfer Service, Dedicated Key Account Manager, Remarketing of Property, Debt Collection, Property Inspection, Financial Reporting|
Established in 2008, Provident is a young company with the experience of one that’s been around for decades. While it started out as a real estate company, its property management wing has become successful in its own right.
Showcasing their team’s versatility, Provident provides property and facility management for just about every kind of property there is. The list includes commercial, residential, and industrial properties.
For the Full Property Management package, you will be charged 8% of the rental income. While a bit higher than some, you get a long list of services that not many companies will be willing to give at that rate.
Some of the list’s best features are its advertising service, tenant screening, property photography done by a professional, condition reports, and a dedicated key account manager.
What’s great about having your own key account manager is that you have a point person to keep you in the loop regularly. Not only do they fulfil your needs as a landlord, but they also work to make sure your tenant is satisfied throughout his or her stay.
If you find the 8% rate a bit too high, don’t worry! They also offer a package at 5% with the same perks sans the inspections and maintenance services.
Through their feedback, clients surely attest to Provident’s worthiness of a spot on our list.
A former client said:
“The Property Management department is an exceptionally well motivated, responsive and professional team. They have a keen eye for detail, sound judgement, and a very good network of contractors and industry professionals which enabled them to execute efficiently on all my mandates. Their relationship oriented style, both for me and my tenants, works perfectly. They manage all three of my properties and I would recommend them whole-heartedly.”
Wael J, another client, said: “I would not use another property manager in Dubai.”
|ADDRESS||3rd Floor, Rolex Tower, Sheikh Zayed Road Dubai, UAE|
|CONTACT DETAILS||[email protected] |
+971 600 54 7773
|SERVICES||Asset Management for Retail, Commercial, and Residential Properties, Valuation and Advisory, Online Property Listings, Leasing, and Sales|
Formed in 1985, Asteco is the largest full-service real estate services company in the Middle East. With more than 35 years in the industry, the company has become an easy go-to for generations of property owners.
As a company with a large team of industry experts, much of the landscape and physical infrastructure developments in the UAE have been Asteco’s doing. For many years, it has consistently received awards for property consultancy from the likes of Forbes, International Property Awards, Arabian Property Awards, and Superbrand.
Catering to the whole Middle East, the company has a strong network in the region and has established offices in Dubai, Jordan, Abu Dhabi, Al Ain, and Sharjah. At present, the company manages 385 developments and 13,000 residential and commercial units.
Once you head to their website, you’ll already know that online property listings are one of the services they offer. From apartments for rent to plots of land for sale, Asteco’s website displays the properties they manage with every relevant detail, including the price, size, property type, and payment scheme.
With Asteco, there’s also no need to worry about their speciality. As a full-service firm, they deal with all sorts of properties, including mixed-use developments or apartment blocks with ties to hotels.
It also doesn’t matter whether you’ll be availing of their services as an individual or as a business entity. All clients in need of help with property management are welcome to avail of Asteco’s services.
Although Asteco is known to be one of the industry’s biggest companies, some think of this as a downside to the quality of their service.
Jo J, a tenant in 2019, said: “They are a big company and don’t care about what their tenants face. They hardly allow for negotiation even when the rest of the market is reducing the rent.”
Tips on Choosing a Property Management Company in Dubai
Choose a company that can work with the budget that you set.
Even before you start hunting for a company, make sure you set a realistic budget. Think of how much your property’s worth and the income you’re expecting.
If a company’s rates go beyond that budget, you’re clearly not going to make any money. In that case, find another company that’s more flexible.
Research on their track record.
A company can be around for decades and have the worst reviews, while a company can be young but have consistent stellar reviews.
Don’t be blinded by the years of experience because this doesn’t always amount to great quality service.
Find a reliable company that puts your interests first.
Properties don’t come cheap and managing them isn’t worth pennies either. That’s why you need someone you can trust!
In hiring a company, be sure to meet with their team first, get to know them, and see if their goals align with yours. You can’t have a property management company that neglects their duties.
FAQs on Property Management in Dubai
Get a team to handle your tenants, collect rent, and keep your property in an overall great shape with the help of the best property management companies in Dubai!
Is there a great property management company we missed? Shoot us a message and tell us all about it!
Does your rental need some landscaping? Check out our list of the best landscaping providers in Dubai!