RERA Dubai Rental Formula:
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The RERA Dubai Rental Calculator determines appropriate rental prices based on the RERA (Real Estate Regulatory Agency) rental index and adjustment factors. It helps landlords and tenants determine fair rental prices in Dubai.
The calculator uses the RERA rental formula:
Where:
Explanation: The equation accounts for the base rental value from RERA's index and adjusts it based on specific property characteristics and current market conditions.
Details: Accurate rental calculation is crucial for maintaining fair rental prices in Dubai's real estate market, preventing disputes between landlords and tenants, and ensuring compliance with RERA regulations.
Tips: Enter the index rent from RERA's official index in AED/month and the appropriate adjustment factor. All values must be valid (positive numbers).
Q1: Where can I find the RERA rental index?
A: The RERA rental index is available on the Dubai Land Department website or through the RERA Dubai app.
Q2: How is the adjustment factor determined?
A: The adjustment factor considers property features like location, amenities, age of property, and current market conditions.
Q3: Is this calculator legally binding?
A: While based on RERA's methodology, official disputes should refer to RERA's official rental calculator for precise calculations.
Q4: How often does the RERA index update?
A: The RERA rental index typically updates annually, but may change more frequently based on market conditions.
Q5: Can landlords charge above the RERA index?
A: Rent increases are regulated by RERA and typically can't exceed a certain percentage above the index value.