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Understanding Rent Increase Limits for Dubai Landlords

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Manage episode 448569884 series 2991040
内容由Alessandro de Rubertis提供。所有播客内容(包括剧集、图形和播客描述)均由 Alessandro de Rubertis 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

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In Dubai, landlords cannot increase rent arbitrarily to match market rates due to regulations set by the Real Estate Regulatory Agency (RERA). The maximum allowable rent increase depends on how much below the average rental value the current rent is, as per Decree No. 43 of 2013. Specifically:

  • If rent is up to 10% below the average, no increase is allowed.
  • For 11%-20% below, a 5% increase is permitted.
  • For 21%-30% below, the increase can be 10%.
  • For 31%-40% below, a 15% increase is allowed.
  • If more than 40% below, a maximum of 20% increase is allowed.

These averages are determined by Dubai's Rent Index.

Landlords must give tenants at least 90 days' notice before any rent change upon lease renewal. If no agreement is reached on new terms, the Rental Dispute Centre may intervene to set a fair rent.

Want to know more?

📞 +971553523125

✉️ info@alessandroderubertis.com

Source:https://www.khaleejtimes.com/uae/legal/dubai-can-landlords-increase-rent-by-dh20000-all-at-once-to-match-current-market-rate

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icon分享
 
Manage episode 448569884 series 2991040
内容由Alessandro de Rubertis提供。所有播客内容(包括剧集、图形和播客描述)均由 Alessandro de Rubertis 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Send us a text

Want to know more?

📞 +971553523125

✉️ info@alessandroderubertis.com

In Dubai, landlords cannot increase rent arbitrarily to match market rates due to regulations set by the Real Estate Regulatory Agency (RERA). The maximum allowable rent increase depends on how much below the average rental value the current rent is, as per Decree No. 43 of 2013. Specifically:

  • If rent is up to 10% below the average, no increase is allowed.
  • For 11%-20% below, a 5% increase is permitted.
  • For 21%-30% below, the increase can be 10%.
  • For 31%-40% below, a 15% increase is allowed.
  • If more than 40% below, a maximum of 20% increase is allowed.

These averages are determined by Dubai's Rent Index.

Landlords must give tenants at least 90 days' notice before any rent change upon lease renewal. If no agreement is reached on new terms, the Rental Dispute Centre may intervene to set a fair rent.

Want to know more?

📞 +971553523125

✉️ info@alessandroderubertis.com

Source:https://www.khaleejtimes.com/uae/legal/dubai-can-landlords-increase-rent-by-dh20000-all-at-once-to-match-current-market-rate

  continue reading

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