The Department of Agriculture and real Estate of Dubai is planning to publish an updated index in rental prices this month, the news portal of the UAE , The National , citing a statement by Yahya Mohamed, Deputy Executive Director of the sector of the rental Department.
A scheduled update will reflect the rental value of all types of housing for rent – various districts registered with the Office of registration of real Estate (RERA) Ejari through the system.
The increase in rental rates in the Emirate possible in the following cases: 10% – if the current rate of 21% to 30% below the average cost of rent for similar facilities; 15% if the rent on 31-40% below the average and 20% if the rent is 40% less than the average for similar residential properties.
The index, notes The National, is also used to resolve the disagreement over the size of rents that can arise between tenants and homeowners.
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