GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share
Calculator eases the relationship between landlords and tenants and minimises disputes
Dubai, UAE, November 11, 2017: Dubai Land Department (DLD) is a pioneer in finding proactive solutions for ensuring transparency and enhancing the comfort and happiness of all parties in the real estate market. Through its management and regulatory arms, transactions are closely monitored in addition to the regulatory requirements of the real estate rental management sector and any disputes that arise between parties to a rental contract.
DLD allows all parties to access information about their rights and obligations via a range of electronic and regulatory systems. The Rental Increase Calculator is one of the systems that is most commonly used by landlords and tenants.
How the Rental Increase Calculator works
The Rental Increase Calculator is an electronic service that was created by DLD to calculate rent increase percentages in accordance with Decree No. (2) for 2011. The service determines the increase based on the average decline in the region's rental value, depending on the specifications of the unit in question, including its use, location, number of rooms, and a variety of other parameters. The increase is set at a maximum of 20%, from 21st December 2013 to date, and the increase is divided as follows:
  • If the rent is 10% less than the market value, there is no increase
  • If the rent is 11-20% lower than the market value, the maximum increase may be up to 5%
  • If the rent is 21-30% lower than the market value, the maximum increase may be up to 10%
  • If the rent is 31-40% lower than the market value, the maximum increase may be up to 15%
  • If the rent is lower than 40% or more of the market value, the maximum increase may be up to 20%
The Rental Increase Calculator is a guide for customers who would like to rent or lease any property in Dubai, providing them with a better understanding of rental fees for various properties in different areas of the Emirate. The service may also be referred to if disputes arise between landlords and tenants over rental increases. In this case, the beneficiary must visit the official DLD website or download the ‘Ejari' smart application to access the Rental Increase Calculator and make an inquiry by entering the required data.
The Rental Increase Calculator can be accessed through DLD's website (dubailand.gov.ae) via the services option on the main menu. From there, customers must select the e-Services option to access the rental calculator page. They must then choose the type of property (residential, commercial, industrial or labour accommodation) and then specify the area (Deira, Bur Dubai or freehold). By submitting the lease expiry date, type of property, area, number of rooms and current annual rent, users will be provided with the average value of the rental increase.
Ejari Smart Application:
The ‘Ejari' smart application was launched by DLD in 2016. It provides tenants and landlords with rental services including the Rental Increase Calculator and a variety of other lease management processes. Customers can download the ‘Ejari' smart application on Android and IOS smartphones to access the Rental Increase Calculator.
Mohamed Yehya, Deputy Executive Director of the Rental Affairs Sector at DLD, commented: “The ‘Ejari' smart application provides landlords, tenants and property management companies with many services including lease registrations and renewals. These services can be accessed at any time and from anywhere in the world, which offers customers a new level of flexibility and ease when handling lease management processes. The application is part of our ongoing efforts to enhance our customers' satisfaction and happiness.”
Yehya concluded: “This application also protects the rights of all landlords, tenants and property management companies; contributes to increasing the efficiency of lease management processes; and reduces the cost and time required to complete lease registrations. In addition, the application provides real-time information on the details of leasing operations.”



Posted by : GoDubai Editorial Team
Viewed 4325 times
Posted on : Saturday, November 11, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Fortify the market and maintain its attractiveness
Next Story : 8 areas of your business that you would be wise to invest in
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo
Time for Some AIGNER Love
Achieve whiter teeth at home with Spotlight Teeth White Strips
Noble™ Anti-aging Skin Care Products
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment
UAE National Day celebrated in Skyline Carnival 2017
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
SUC conducted Tour Guide Training Program for SCTDA
Calvin Klein Presents Steadfast Collection
Gift gorgeous skin this festive season.
Mohammed bin Rashid Launches UAE Astronaut Programme
Mido's Multifort Escape - An uncompromising timepiece for exploring new horizons
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Absolutely Rejuvenated Skin to Start the New Year
Coach Women's Lex Stainless Steel Bracelet Watch Collection
BOSS watches presents Navigator Collection
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi
Together for Egyptian Cinema: A Million happy viewers
Feast your way into the festive season at The Coffee Club
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Ju...
Svelte BU4108-11H dress watch in black and rose gold plating makes an impact
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Hottest Smartphone ever! Go get a true luxury phone from HUAWEI
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Over 200 developers across India participate in CREDAI's Indian Property Show
Step into 2018 with skinade & slow down the signs of ageing
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
Ghantoot present 17th Emirates Open Polo Championship International
Epson to showcases the future of large laser display technology at InfoComm MEA 2017
Automechanika Riyadh turns focus on exciting growth potential of Saudi automotiv...
Win 3000 Dollars with Splash
Switzerland wins a Good Design Award for the first chronograph-watch in history
The Verses of Peace Exhibition begins at the Abu Dhabi World Trade Centre
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
SUC Conducted the 10th CEO Lecture Series
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Indian realty in revival mode, says industry expert
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Cybercriminals Switching to Impersonation Attacks to Bypass Email Security Systems
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Strong Airline Profitability Continues in 2018
Dubai Diabetes Centre recognised by International Diabetes Federation
Dubai Investments records 36% increase in DIP sub-leasing contracts in first 9 m...