1. What is the Rent Estimate Calculator?

The Rent Estimate Calculator helps landlords in Dubai determine appropriate rental prices by comparing similar properties and adjusting for unique features.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Comparable Dubai Rents — Rental prices of similar properties in the same area
• Features Adjustment — Percentage adjustment for unique features (positive for upgrades, negative for deficiencies)

Explanation: The calculator takes the average of 3 comparable rents and adjusts it based on your property's unique features.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords set competitive prices, maximize returns, and minimize vacancy periods while remaining fair to tenants.

4. Using the Calculator

Tips:

• Use recent rental data for comparable properties in your area
• Select properties with similar size, location, and amenities
• Adjust for features (e.g., +5% for renovated kitchen, -3% for no balcony)
• Consider seasonal demand variations in Dubai

5. Frequently Asked Questions (FAQ)

Q1: How many comparables should I use?
A: While our calculator uses 3, ideally use 5-10 recent comparable rentals for the most accurate estimate.

Q2: What features should I consider adjusting for?
A: Consider views, renovations, parking, amenities, furniture, and any unique aspects of your property.

Q3: How often should I re-evaluate my rent?
A: In Dubai's dynamic market, reassess annually or when comparable properties show significant price changes.

Q4: Should I adjust for building age?
A: Yes, newer buildings typically command higher rents. Adjust 2-5% per year of age difference.

Q5: How does location affect rent in Dubai?
A: Location is crucial. Consider proximity to metro, schools, beaches, and business districts when selecting comparables.