RERA Dubai Rental Formula:
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The RERA (Real Estate Regulatory Agency) Dubai Rental Index provides benchmark rental values for properties in Dubai. It helps determine fair market rents and is used in rental disputes.
The calculator uses the RERA rental formula:
Where:
Explanation: The equation calculates the adjusted rent by applying a factor to account for property-specific features 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. The RERA index provides an objective basis for rent increases.
Tips: Enter the base rent from RERA index in AED, and the adjustment factor (typically between 0.8 and 1.2). All 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 the RERA app.
Q2: What is a typical adjustment factor?
A: Adjustment factors typically range from 0.8 to 1.2, depending on property features. 1.0 means no adjustment to the index rent.
Q3: How often is the RERA index updated?
A: The RERA rental index is typically updated annually, but may be adjusted more frequently in volatile markets.
Q4: Is this calculation legally binding?
A: While the RERA index is used in rental disputes, final determinations consider additional factors like property condition and comparable rents.
Q5: Can landlords increase rent beyond the index?
A: Rent increases are capped based on how far current rent is below the index value, with maximum increases typically 5-20%.