How rents are cur­rently es­ti­mated

7 Days in Dubai - - NEWS -

Un­der the cur­rent sys­tem, ten­ants and land­lords can check how their rent com­pares to the mar­ket rate us­ing the Rental In­crease Cal­cu­la­tor on the Dubai Land De­part­ment’s web­site. They en­ter the ten­ancy con­tract ex­piry date, the area of the prop­erty, its type and the num­ber of bed­rooms, as well as the cur­rent rent. The cal­cu­la­tor will then give you a range for prop­erty and tell you whether the rent should be in­creased and, if so, by how much. How­ever, the sys­tem has been crit­i­cised by some ten­ants and land­lords as the fa­cil­i­ties and size of a prop­erty are not taken into ac­count. For ex­am­ple, if a villa has a pri­vate pool, a beau­ti­ful view or land­scaped gar­den. Ejari, which means ‘my rent’ in Ara­bic, is the sys­tem used to reg­is­ter rental and lease agree­ments. Un­der the cur­rent set-up, a lease agree­ment is re­quired for all ten­ants in the UAE to ob­tain or re­new visas for fam­ily mem­bers and for a new trade li­cence or re­newal. Also, an at­tested lease is re­quired for mu­nic­i­pal­ity-re­lated trans­ac­tions or if a ten­ant has an is­sue with their land­lord and has to re­fer it to the rent com­mit­tees of mu­nic­i­pal­i­ties. The cost of reg­is­tra­tion is Dhs160.

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