Dubai to update property rental index this month
The Dubai Land Department is planning to update its rental index this month, according to Mohammed Yahya, the deputy executive director of the rental affairs sector at the department.
The planned update will reflect the real rental values of all types of rental units in the different areas that are registered at the Real Estate Regulatory Authority (Rera) through the Ejari system, Mr Yahya told The National’s Arabic-language sister newspaper Aletihad.
Rent increases in the emirate of Dubai are allowed in the following cases: a 10 per cent increase if the rent is 21 to 30 per cent less than the average rent for similar properties, and a 15 per cent increase if the rent is 31 to 40 per cent less than the average standard rent for similar properties and a 20 per cent increase if the rent is 40 per cent less than the average rent for similar properties.
The index is used as a reference in case a dispute arises between tenant and landlord over rental values.
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