RERA Rent Calculation Formula:
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The RERA (Real Estate Regulatory Agency) Rental Index provides benchmark rental values for properties in Dubai. It helps determine fair market rents and regulates rent increases in the emirate.
The calculator uses the RERA rent calculation 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 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 index is available on the Dubai Land Department website or through the RERA rental index calculator.
Q2: How is the adjustment factor determined?
A: The adjustment factor considers property features like location, views, amenities, and overall condition compared to similar properties.
Q3: How often is the RERA index updated?
A: The RERA rental index is typically updated annually, but may be adjusted more frequently in response to market changes.
Q4: Can landlords increase rent beyond the RERA calculation?
A: Rent increases are capped based on the RERA index and cannot exceed certain percentages defined by Dubai rental laws.
Q5: Does this apply to all types of properties?
A: The RERA rental index applies to residential properties in Dubai. Commercial properties may have different regulations.