1. What is the Dubai Smart Rental Index?

The Dubai Smart Rental Index is a system developed by RERA (Real Estate Regulatory Agency) to calculate fair rental values for properties in Dubai. It helps determine appropriate rent increases and decreases based on market conditions.

2. How Does the Calculator Work?

The calculator uses the Dubai rental equation:

Where:

• \( Index\ Rent \) — Base rent amount as per RERA index (AED/month)
• \( Adjustment\ Factor \) — Multiplier accounting for property features/location (unitless)

Explanation: The equation adjusts the base RERA index rent according to specific property characteristics and market conditions.

3. Importance of Rental Calculation

Details: Accurate rent calculation is crucial for both landlords and tenants to ensure fair pricing according to Dubai's rental laws and market standards.

4. Using the Calculator

Tips: Enter the RERA index rent in AED/month and the appropriate adjustment factor (typically between 0.8 and 1.2). All values must be valid positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find the RERA index rent for my property?
A: The RERA index rent can be found on the Dubai Land Department website or through the RERA rental index calculator.

Q2: What factors affect the adjustment factor?
A: The adjustment factor considers property location, amenities, condition, views, and other special features.

Q3: How often does the RERA index update?
A: The RERA rental index is typically updated annually, but may change more frequently in volatile market conditions.

Q4: Is this calculation legally binding?
A: Yes, the RERA rental calculation is the official method for determining rent increases in Dubai.

Q5: What if my actual rent differs significantly from the calculated rent?
A: Significant discrepancies may be appealed through RERA's dispute resolution process.