1. What is the RERA Rent Calculator?

The RERA (Real Estate Regulatory Authority) Rent Calculator for 2023-24 helps determine appropriate rent prices based on the RERA index and adjustment factors. It provides a standardized method for calculating rental values in regulated markets.

2. How Does the Calculator Work?

The calculator uses the RERA rent formula:

Where:

• \( Index\ Rent \) — Base rent amount as per RERA index (AED/month)
• \( Adjustment\ Factor \) — Multiplier accounting for property features and market conditions (unitless)

Explanation: The equation accounts for standardized base rents adjusted by property-specific factors to determine fair market rent.

3. Importance of RERA Rent Calculation

Details: Accurate rent calculation is crucial for compliance with rental regulations, fair pricing, and dispute resolution between landlords and tenants.

4. Using the Calculator

Tips: Enter the index rent from official RERA tables and the appropriate adjustment factor based on property characteristics. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find the RERA index rent values?
A: The official RERA index rent values are published on the Dubai RERA website or through authorized real estate portals.

Q2: How is the adjustment factor determined?
A: The adjustment factor considers property location, size, amenities, age, and other relevant features as per RERA guidelines.

Q3: Is this calculator valid for all emirates?
A: This calculator is primarily for Dubai properties. Other emirates may have different rent calculation methods.

Q4: How often does the RERA index update?
A: The RERA index typically updates annually, with the 2023-24 values being current at the time of this calculator's creation.

Q5: Can landlords charge above the calculated rent?
A: Rent increases are regulated and typically cannot exceed certain percentages above the RERA-calculated rent.