Rental Estimate Formula:
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The Dubai Rental Calculator estimates rental prices based on comparable properties in the Dubai market, adjusted for specific features. It helps tenants and landlords determine fair market rents for residential and commercial properties.
The calculator uses the following formula:
Where:
Explanation: The calculator averages 2-3 comparable rents and applies a percentage adjustment based on property features.
Details: Accurate rental estimates help tenants avoid overpaying, help landlords set competitive prices, and provide a basis for rental negotiations in Dubai's dynamic real estate market.
Tips:
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 typical features adjustment?
A: Adjustments range from 1-10% depending on the feature's value. For example, furnished (+5-10%), balcony (+2-5%), or proximity to metro (+3-7%).
Q3: How many comparables should I use?
A: 3 comparables provide the most accurate estimate, but 2 can give a reasonable approximation.
Q4: Does this work for all property types?
A: Best for standard apartments/villas. Unique properties may require professional valuation.
Q5: How often should I update comparables?
A: Monthly, as Dubai's rental market can change quickly, especially in high-demand areas.