Key Features of the Smart Rental Index
- Real-Time Data Integration: Ensures users receive the latest rental updates.
- Building Classification: Factors such as maintenance, services, and cleanliness are considered.
- Comprehensive Coverage: Includes all major residential zones and free zones in Dubai.
Benefits of the Smart Rental Index
The index is beneficial for all stakeholders:
- For Tenants: Helps negotiate fair rents and reduces disputes.
- For Landlords: Allows for competitive pricing and better ROI.
- For Investors: Offers data-driven insights for better investment decisions.
Frequently Asked Questions
What is the Rental Index?
The Rental Index provides estimated rental values based on location, property condition, and amenities.
Can a Landlord Increase Rent by More Than 5% in Dubai?
Yes, but conditions apply. If the rent is 11%-20% below market value, a 5% increase is allowed; higher gaps allow for greater increases.
Will Rent in Dubai Decrease in 2025?
Projections indicate an increase in rental prices due to high demand and ongoing developments.
What is the Maximum Rent Increase as per RERA?
- No increase if the rent is up to 10% below market value.
- Up to 5% increase if 11%-20% below market value.
- Up to 10% increase if 21%-30% below market value.
- Up to 15% increase if 31%-40% below market value.
- Up to 20% increase if more than 40% below market value.
