Rent Calculation Formula:
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The Dubai Land Department (DLD) Rental Index provides a reference for fair rental prices in different areas of Dubai. It helps landlords and tenants determine appropriate rent increases and market rates.
The calculator uses the formula:
Where:
Explanation: The equation calculates the actual rent by applying adjustment factors to the base index rent.
Details: Accurate rent calculation helps maintain fair rental markets, prevents disputes, and ensures compliance with Dubai rental regulations.
Tips: Enter the index rent from DLD's official index and the appropriate adjustment factor based on property characteristics.
Q1: Where can I find the DLD rental index?
A: The official index is available on the Dubai Land Department website or at their offices.
Q2: How is the adjustment factor determined?
A: It considers factors like property condition, amenities, views, and market conditions.
Q3: How often is the rental index updated?
A: The DLD typically updates the index annually, but check their website for the latest version.
Q4: Can landlords charge above the index rent?
A: Generally yes, but within limits set by RERA regulations, especially for rent increases.
Q5: What if my property isn't listed in the index?
A: Use the closest comparable property in the index and adjust accordingly.