Dubai: Now, landlords need legal order to seek rent re-evaluation

  • Date: 03-Apr-2024
  • Source: Khaleej Times
  • Sector:Real Estate
  • Country:UAE
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Dubai: Now, landlords need legal order to seek rent re-evaluation

Published: Wed 3 Apr 2024, 1:50 PM Last updated: Wed 3 Apr 2024, 8:36 PM

Landlords in Dubai can still go for re-evaluation of rent with the Real Estate Regulatory Authority (RERA) and seek higher rental instead of going by the recently updated Rental Index.

However, the process to seek re-evaluation has been changed from this month.

According to Anisha Sagar, director of property management at Allsopp & Allsopp Group, landlords are now required to attach a judgment or the legal order to apply for the rent evaluation service from April 1, 2024.

“This effectively reverses the trend in the last couple of years where a landlord has been able to pay a fee to the Land Department for rental valuations.

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Rera updated its Rental Index in March 2024, allowing landlords to increase rents to bring in line with the increase in rentals.

The Rera calculator is the single source for calculating rental increases. In the past few years, landlords had the option to apply for a rental evaluation to adjust the current market benchmark set by the outdated calculator.

The updated calculator means landlords can no longer increase rental prices above the benchmark provided