Maximum Property Rent Increases

[x_section style=”margin: 0px 0px 0px 0px; padding: 45px 0px 45px 0px; “][x_row inner_container=”true” marginless_columns=”false” bg_color=”” style=”margin: 0px auto 0px auto; padding: 0px 0px 0px 0px; “][x_column bg_color=”” type=”1/1″ style=”padding: 0px 0px 0px 0px; “][x_text]In his capacity as the Ruler of Dubai, Vice-President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. 43 of 2013 detailing the maximum property rent increases permitted upon tenancy contract renewals.

The Decree sets out the following:

Level	Maximum % Increase Permitted
Rent of property is less than 10% of the average rent of a similar property in the same residential area	No increase
Rent is between 11% & 20% less that the average rent of a similar property in the same residential area	5%
Rent is between 21% & 30% less that the average rent of a similar property in the same residential area	10%
Rent is between 31% & 40% less that the average rent of a similar property in the same residential area	15%
Rent is less than 40% or more of the average rent of a similar property in the same residential area	20%

The Decree applies to landlords from the public and private sectors in the emirate of Dubai including private development areas and free zones.

The rental index is determined by the Real Estate Regulatory Agency’s (RERA) rent index which can be found on the RERA site.

If Landlord’s are entitled to a rental increase, they must provide 3 months’ notice to the tenant.[/x_text][/x_column][/x_row][x_row inner_container=”true” marginless_columns=”false” bg_color=”” style=”margin: 0px auto 0px auto; padding: 0px 0px 0px 0px; “][x_column bg_color=”” type=”1/1″ style=”padding: 0px 0px 0px 0px; “][x_text]

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