Under Decree No. (43) of 2013, a landlord is prohibited from applying any Rent increase if the current rent of the unit is up to ten percent (10%) less than the average rental value of similar units in that area. The average value is strictly determ…
Under Decree No. (43) of 2013, a landlord is prohibited from applying any Rent increase if the current rent of the unit is up to ten percent (10%) less than the average rental value of similar units in that area. The average value is strictly determined by the Rent Index of the Emirate of Dubai approved by RERA. This regulation ensures that tenants are protected from price hikes when their current lease remains within a reasonable margin of the prevailing market standards.
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