RERA Rent Formula:
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The RERA (Real Estate Regulatory Agency) Rental Index provides guidelines for rental increases in Dubai. It helps determine fair rent prices based on property type, location, and current market conditions.
The calculator uses the RERA rent formula:
Where:
Explanation: The equation calculates the appropriate rent by adjusting the base RERA index rent according to specific property characteristics.
Details: Accurate rent calculation is crucial for both landlords and tenants to ensure compliance with Dubai rental laws and avoid disputes.
Tips: Enter the RERA index rent in AED/month 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 rental index is available on the Dubai Land Department website or through their mobile app.
Q2: How is the adjustment factor determined?
A: The adjustment factor considers property features like location, views, amenities, and current market conditions.
Q3: How often does RERA update the rental index?
A: RERA typically updates the rental index annually, but may adjust more frequently in volatile market conditions.
Q4: Can landlords increase rent beyond RERA guidelines?
A: Rent increases are capped according to RERA rules, typically between 5-20% depending on how far below market the current rent is.
Q5: What should I do if I disagree with the RERA rent calculation?
A: Disputes can be filed with the Rental Dispute Settlement Center (RDSC) in Dubai.