1. What is the Rent Estimate Calculator?

The Rent Estimate Calculator provides an estimated rental price for apartments in Dubai based on comparable properties and feature adjustments. It helps tenants and landlords determine fair market rent.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Comparable Rents — Actual rents of similar apartments in the same area
• Features Adjustment — Percentage adjustment for special features (positive for upgrades, negative for deficiencies)

Explanation: The calculator averages 3 comparable rents and adjusts for unique features of the subject property.

3. Importance of Rent Estimation

Details: Accurate rent estimation is crucial for setting competitive prices, budgeting, and making informed rental decisions in Dubai's dynamic real estate market.

4. Using the Calculator

Tips:

• Use recent comparable rents (within 3 months)
• Select comparables with similar size, location, and amenities
• Adjust features percentage based on property differences
• Positive % for better features, negative % for worse features

5. Frequently Asked Questions (FAQ)

Q1: Where can I find comparable rents?
A: Check property portals like Bayut, Property Finder, or Dubizzle for similar listings in your area.

Q2: How much should I adjust for features?
A: Typical adjustments range from -5% to +10% depending on feature differences (views, renovations, amenities).

Q3: What are the most important factors in Dubai rents?
A: Location (proximity to metro/business districts), building quality, views, and included amenities significantly impact rents.

Q4: How often do rents change in Dubai?
A: The market fluctuates seasonally, with more movement during peak relocation periods (summer and year-end).

Q5: Should I consider chiller fees?
A: Yes, whether district cooling is included affects net rental value - adjust comparables accordingly.