RERA Rental Formula:
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The RERA (Real Estate Regulatory Agency) Rental Index provides guidelines for appropriate rental values in Dubai. It helps determine fair rent increases and settle disputes between landlords and tenants.
The calculator uses the RERA rental formula:
Where:
Explanation: The equation calculates the actual rent by adjusting the index rent based on property-specific factors like location, amenities, and condition.
Details: Accurate rent calculation helps maintain fair rental market practices in Dubai, protects tenants from excessive rent increases, and provides transparency in rental agreements.
Tips: Enter the RERA index rent in AED/month and the adjustment factor (typically between 0.8 and 1.2). The adjustment factor accounts for property-specific features.
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: What determines the adjustment factor?
A: Factors include property location, size, age, amenities, views, and overall condition compared to similar properties.
Q3: How often is the RERA index updated?
A: The index is typically updated annually, but may be adjusted more frequently based on market conditions.
Q4: Can landlords charge above the RERA index?
A: Yes, but only with proper justification through the adjustment factor. Excessive increases can be disputed through RERA.
Q5: Is this calculator official for rent disputes?
A: While helpful, official disputes should use the exact RERA calculator and processes.