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  • Rental Index Result: Residential 09/29/2021 Serena Project Villa Three Bedrooms 97000 AED

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    vinitha2675
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    The rental index shows information for a three bedroom villa in the Serena Project with a current annual rent of 97,000 AED. When renewing the lease, there can be no rent increase as the current rent is within 10% of the average rental value for similar units in the area, which is between 65,000-79,000 AED annually. Therefore, the summary indicates there will be no increase in the rental value upon lease renewal.

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    The rental index shows information for a three bedroom villa in the Serena Project with a current annual rent of 97,000 AED. When renewing the lease, there can be no rent increase as the current rent is within 10% of the average rental value for similar units in the area, which is between 65,000-79,000 AED annually. Therefore, the summary indicates there will be no increase in the rental value upon lease renewal.

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    © All Rights Reserved
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    12 views1 page

    Rental Index Result: Residential 09/29/2021 Serena Project Villa Three Bedrooms 97000 AED

    Uploaded by

    vinitha2675
    The rental index shows information for a three bedroom villa in the Serena Project with a current annual rent of 97,000 AED. When renewing the lease, there can be no rent increase as the current rent is within 10% of the average rental value for similar units in the area, which is between 65,000-79,000 AED annually. Therefore, the summary indicates there will be no increase in the rental value upon lease renewal.

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    © All Rights Reserved
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    Rental Index Result

    Rental Index Type Residential Contract End Date 09/29/2021


    Area Serena Project Property Type Villa
    Bedrooms Three bedrooms Current Annual Rent 97000 AED

    When renewing real property lease contracts, the maximum percentage of rent increase for real property in the
    Emirate of Dubai, no rent increase where the rent of the real property unit is up to 10% less than the average
    rental value of similar units.
    The rent for a Three bedrooms villa in Serena Project is in range 65000 to 79000 AED per year, (does not
    include water, electricity or any other fees).
    There is no increase in the rental value.

    Dubai Land Department, Dubai - Phone: +971-8004488


    Deira Baniyas Road, P.O. Box 1166, United Arab Emirates Email : info@dubailand.gov.ae

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