Dubai RERA Rental Formula:
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The Dubai RERA (Real Estate Regulatory Agency) Rental Index provides guideline rental values for properties in Dubai. It helps determine fair market rents and settle disputes between landlords and tenants.
The calculator uses the RERA rental formula:
Where:
Explanation: The index rent is adjusted by factors like property condition, location premium, and market demand.
Details: Accurate rent calculation is crucial for fair leasing agreements, dispute resolution, and maintaining stability in Dubai's rental market.
Tips: Enter the base index rent from RERA's official index and the appropriate adjustment factor based on your property's characteristics.
Q1: Where can I find the RERA index rent for my property?
A: The official index is available on the Dubai RERA website or through the Dubai REST app.
Q2: What determines the adjustment factor?
A: Factors include property age, maintenance level, views, amenities, and current market conditions.
Q3: How often is the RERA index updated?
A: The index is typically updated annually, but may be adjusted more frequently in volatile markets.
Q4: Is this calculation legally binding?
A: The RERA index serves as a guideline, but rental disputes are ultimately settled by RERA's Rental Dispute Center.
Q5: What if my actual rent differs significantly from the index?
A: Large deviations may require justification based on unique property features or may be subject to rent cap regulations.