Rental Index Formula:
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The Abu Dhabi Rental Index is a government-regulated system that provides reference rental values for properties in Abu Dhabi. It helps ensure fair rental prices and resolve disputes between landlords and tenants.
The calculator uses the rental index formula:
Where:
Explanation: The equation accounts for the base rental value adjusted by property-specific factors like location, amenities, and condition.
Details: Accurate rent calculation is crucial for compliance with Abu Dhabi rental laws, fair pricing, and avoiding disputes between landlords and tenants.
Tips: Enter the index rent in AED/month (from official government index) and the appropriate adjustment factor. All values must be positive numbers.
Q1: Where can I find the official index rent values?
A: The Abu Dhabi government publishes the rental index values on its official website and through the Tamm portal.
Q2: What determines the adjustment factor?
A: Factors include property location, size, age, amenities, and current market conditions.
Q3: How often is the rental index updated?
A: The government typically updates the index annually, but may adjust more frequently if market conditions change significantly.
Q4: Is this calculator official?
A: This is a simulation tool. For official rent calculations, consult the Abu Dhabi Municipal Government.
Q5: What if my actual rent differs significantly from the index?
A: Significant deviations may be grounds for rent dispute resolution through the Rental Dispute Committee.