What is the maximum rent increase in Dubai?
RERA reserves the exclusive authority to specify the percentage of a rent increase in property rental in Dubai. RERA’s website (www.dubailand.gov.ae) provides a rental increase calculator for calculating the legally permissible increase in rent. The maximum increase permitted is 20 percent and against the rent index.
How do I calculate my rent increase?
To calculate the percentage increase we take the dollar difference between the original rent and the rent after the increase and compare that to the original rent. Dividing the dollar amount by the original rent provides the percentage increase.
How do you calculate rental index?
The modified rental price is calculated according to the formula: the modified rental price is equal to the current rental price, multiplied by the consumer price index in the calendar month four calendar months before the modification date, and divided by the consumer price index in the calendar month sixteen calendar …
What is the max rent increase?
If the annual rent on the property is 31% to 40% under the calculated RERA market value, the maximum rent increase applicable is 15%. If the annual rent on the property is more than 40% below the RERA calculated market value, the maximum rent increase applicable is 20%.
How does the RERA rental price calculator work?
RERA has launched a Rental Increase Calculator to help landlords and tenants take an informed decision about the increase in rentals. How does the Rental Price Calculator work? The Rental Price Calculator allows you to enter the details of the property and compares it with the Rent Index of the Emirate of Dubai.
Is there a rental increase calculator in Dubai?
With RERA, Dubai regulating the increase in rents on properties in Dubai, it now has a more structured and governed approach. RERA has launched a Rental Increase Calculator to help landlords and tenants take an informed decision about the increase in rentals.
What does Rera stand for in real estate?
RERA is a regulatory authority that regulates the price increases of rents in Dubai. For those of you who are not familiar with RERA, it stands for the Real Estate Regulatory Agency. It is a unit that is part of the Dubai Land Department (DLD) which regulates the relationship between a landlord and a tenant.
Where can I find the RERA calculator in Dubai?
1. First Step is to go to the RERA website and open the page of the RERA calculator details. Here’s the direct link for your reference: https://dubailand.gov.ae/en/eservices/rental-index/rental-index/#/
