Rent Estimation Formula:
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The Dubai Rent Calculator estimates rental prices based on comparable properties in the area, adjusted for specific features. It helps tenants and landlords determine fair market rents in Dubai's competitive real estate market.
The calculator uses the following formula:
Where:
Explanation: The calculator averages comparable rents and adjusts for features like furnished/unfurnished, views, amenities, etc.
Details: Accurate rent estimation helps avoid overpaying (for tenants) and underpricing (for landlords), and is useful for dispute resolution in Dubai's rental market.
Tips: Enter at least one comparable rent (AED). Add up to two more comparables for better accuracy. Use the features adjustment to account for differences (e.g., +5% for sea view, -3% for older building).
Q1: Where can I find comparable rents?
A: Check property portals like Bayut, Property Finder, or Dubizzle for similar properties in the same community.
Q2: What's a reasonable features adjustment?
A: Typically ±5-15% depending on features. A professional valuer can provide precise adjustments.
Q3: Is this calculator official for Dubai rent disputes?
A: No, this is an estimation tool. Official disputes should use the RERA rental index or approved valuers.
Q4: How often should I re-estimate my rent?
A: Annually, as Dubai rents can fluctuate significantly year-to-year.
Q5: Does this account for different payment plans?
A: No, ensure all comparable rents use the same payment frequency (usually 1-4 cheques per year).