The Real Estate Regulatory Agency (RERA) has the authority to establish the criteria for Rent increase percentages. These criteria must be in line with the requirements of the prevailing economic situation in the Emirate. This means that in times of…
The Real Estate Regulatory Agency (RERA) has the authority to establish the criteria for Rent increase percentages. These criteria must be in line with the requirements of the prevailing economic situation in the Emirate. This means that in times of economic downturn, RERA may tighten increase caps, whereas in a booming market, the index might reflect higher averages. This flexibility allows the government to maintain a balanced and sustainable Real Property rental sector for both investors and residents.
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