Dubai RERA Rental Formula:
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The Dubai RERA (Real Estate Regulatory Agency) Rental Index provides reference rental values for properties in Dubai. It helps determine fair market rents and is used in rental disputes.
The calculator uses the RERA rental formula:
Where:
Explanation: The adjustment factor accounts for property-specific features like location, views, amenities, and current market conditions.
Details: Accurate rent calculation is crucial for landlords and tenants to ensure fair pricing, comply with Dubai rental laws, and resolve disputes.
Tips: Enter the RERA index rent value in AED and the appropriate adjustment factor. Both values must be positive numbers.
Q1: Where can I find the RERA index rent for my property?
A: The RERA index is available on the Dubai Land Department website or through the Dubai REST app.
Q2: How is the adjustment factor determined?
A: The factor considers property features like location, views, amenities, and current market conditions.
Q3: What is the typical range for adjustment factors?
A: Factors typically range from 0.8 to 1.2, but can vary based on market conditions and property specifics.
Q4: Is this calculation legally binding?
A: While the RERA index is official, specific rental agreements may vary. Disputes are resolved through RERA's rental committee.
Q5: How often is the RERA index updated?
A: The index is typically updated annually, but may be adjusted more frequently in volatile market conditions.