1. What is the Dubai Rent Estimate Calculator?

The Dubai Rent Estimate Calculator provides an estimated rental value for properties in Dubai based on comparable properties and feature adjustments. It helps landlords and tenants determine fair market rental prices.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Comparable Rents — Rental prices 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 then adjusts for unique property features.

3. Importance of Rent Estimation

Details: Accurate rent estimation is crucial for setting competitive prices, negotiating leases, and understanding market value in Dubai's dynamic real estate market.

4. Using the Calculator

Tips: Enter 3 comparable rental prices from similar properties in the same area. The features adjustment can account for differences like better views, newer appliances, or larger balconies.

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 your area.

Q2: How much should I adjust for features?
A: Typical adjustments range from -5% to +15% depending on feature quality and quantity.

Q3: Does this work for all property types?
A: Best for apartments and villas. Commercial properties may require different valuation methods.

Q4: How often should I re-estimate?
A: In Dubai's changing market, re-evaluate every 6-12 months or when comparable rents change significantly.

Q5: Is this estimate legally binding?
A: No, this is only an estimate. Final rent should be agreed between landlord and tenant.