Dubai Rental Equation:
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The Dubai Land Rental Calculator estimates rental prices based on comparable properties in Dubai, adjusted for specific features. It follows Dubai Land Department guidelines for rent estimation.
The calculator uses the following equation:
Where:
Explanation: The calculator averages comparable rents and adjusts for unique property features according to Dubai rental market standards.
Details: Accurate rent estimation is crucial for setting competitive rental prices, evaluating rental yield, and making informed property investment decisions in Dubai's dynamic real estate market.
Tips: Enter at least two comparable rents in AED. The third comparable rent is optional. The features adjustment can be positive (for superior features) or negative (for inferior features).
Q1: How many comparable rents should I use?
A: While two comparables are required, using three or more will provide a more accurate estimate.
Q2: What factors should be considered in the features adjustment?
A: Consider view quality, amenities, maintenance condition, parking availability, and any unique property features.
Q3: How current should the comparable rents be?
A: Ideally, comparables should be from the last 3-6 months to reflect current market conditions.
Q4: Does this calculator account for location differences?
A: No, you should only use comparables from the same or very similar locations.
Q5: Is this estimate binding for rental disputes?
A: No, for official disputes, consult the Dubai Rental Dispute Center (RDC) for formal valuation.