The Dubai Marina.
PHOTO BY ARCHIVE
DUBAI – Will the rental index in Dubai mirror the rental decline in the emirate when it gets updated for 2018?
All eyes will be on the Dubai Land Department’s Rental Increase Calculator in the coming month to help tenants and landlords alike in calculating rent increase percentages.
The site may also be used as a reference in case of any rental dispute between the landlord and tenant.
The rental index is determined based on the rental value of a location, as well as the type of property and number of rooms.
The maximum rental increase is set at 20 percent.
If the rent is 10 percent less than market value, there is no increase in the rental value.
A maximum increase of 5 percent is allowed if the rent is 11 percent to 20 percent lower than the market value.
Rental prices that are 21 to 30 percent lower than the market value may be increased by up to 10 percent.
If the rent is 31-40 per cent lower than the market value, the maximum increase may be up to 15 percent.
If the rent is lower than 40 percent or more of market value, the maximum increase may be up to 20 percent. DAJ/Expat Media
Graphics by Dubai Land Department
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