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    The rental index provides information for a studio apartment in Business Bay, including a current annual rent of 40,000 AED. When renewing leases, the maximum percentage rent can increase is 10% if the current rent is 21-30% below average for similar units. In this case, the annual rent would increase by 4,000 AED to 44,000 AED. The rental index also notes the typical annual rent range for a studio in the area is 50,000-62,000 AED, excluding additional fees.

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    Rent regulations

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    RentalIndexResult

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    The rental index provides information for a studio apartment in Business Bay, including a current annual rent of 40,000 AED. When renewing leases, the maximum percentage rent can increase is 10% if the current rent is 21-30% below average for similar units. In this case, the annual rent would increase by 4,000 AED to 44,000 AED. The rental index also notes the typical annual rent range for a studio in the area is 50,000-62,000 AED, excluding additional fees.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views1 page

    Rental Index Result

    Uploaded by

    hdf6vjvfx8
    The rental index provides information for a studio apartment in Business Bay, including a current annual rent of 40,000 AED. When renewing leases, the maximum percentage rent can increase is 10% if the current rent is 21-30% below average for similar units. In this case, the annual rent would increase by 4,000 AED to 44,000 AED. The rental index also notes the typical annual rent range for a studio in the area is 50,000-62,000 AED, excluding additional fees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Rental Index Result

    Rental Index Type Residential Contract End Date 03/31/2024


    Area Business Bay Property Type Apartment
    Bedrooms Studio Current Annual Rent 40,000.00

    The rent for a Studio apartment in Business Bay is in range 50000 to 62000 AED per year, (does not include
    water, electricity or any other fees, and not applicable for hotels and hotel apartments).
    When renewing real property lease contracts, the maximum percentage of rent increase for real property in the
    Emirate of Dubai, 10% of the rent of real property unit, where the rent is 21% to 30% less than the average
    rental value of similar units.
    The amount of the increase is ( 4000 AED per year ).

    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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