1. What is the Rent Estimate Calculator?

The Rent Estimate Calculator helps determine a fair rental price for flats in Dubai by analyzing comparable properties and adjusting for unique features.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Comparable Dubai Flat Rents — Actual rents of similar properties in the same area
• Features Adjustment — Percentage adjustment for special features (positive) or lacking features (negative)

Explanation: The calculator averages 3 comparable rents and applies a percentage adjustment based on property features.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords price competitively and helps tenants evaluate fair market value. It's particularly important in Dubai's dynamic rental market.

4. Using the Calculator

Tips:

• Use recent comparable rents from similar properties in the same neighborhood
• Adjust for features like furnished/unfurnished, views, amenities, etc.
• Typical adjustments range from -10% to +20% depending on 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 properties in the same area.

Q2: What's a typical features adjustment?
A: Furnished flats typically command 10-20% more than unfurnished. Premium views or amenities may add 5-15%.

Q3: How many comparables should I use?
A: 3-5 comparables provide the best estimate. Our calculator uses 3 for simplicity.

Q4: Does this work for all Dubai areas?
A: Yes, but ensure comparables are from the same community as rental prices vary significantly across Dubai.

Q5: How often should I re-estimate?
A: Rental prices change seasonally in Dubai, so re-estimate every 3-6 months for accuracy.