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

 
  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 8003 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
Marchon Eyewear Summer 2018 Collections
du Distributes Eid Gifts at Al Jalila Children's Hospital
Al-Futtaim ACE celebrates Eid with exciting offers and activities
24 hour Mega Sale at Dalma Mall!
Filorga introduces two new additions to its UV-BRONZE range offering a comprehen...
Purify Your Skin with Skin Republic
A Sparkling Gift Guide for Eid al-Fitr by Mouawad
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV -...
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia ...
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection
Stylish men's watch - BU4018-11H - with rose gold case and black dial is a real ...
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid
Crowe Horwath announces global rebrand to “Crowe” Sometimes a smart decision i...
iVOOMi Smartphones Enter the UAE Market Exclusively on SOUQ.com
New open-air member of the AMG GT family
The Summer Just Got Sweeter with the New Palm Candy Collection from Max
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Acr...
All Abroad… Mobile Cinema Bus presented by Pert Plus
Tissot Chrono XL Tour de France Special Edition Cycling just got big
Skydance: The Sun – shining amid the immensity of the galaxy
Hair Rituel by Sisley Now available at Paris Gallery
Great Moments Manero Flyback accompanies Swiss National Soccer Team To Russia
The Lacoste Moon Collection
Boss watches presents Master Collection
Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop Go Green in Kuwait
Mido Baroncelli - A Trilogy of Limited Editions
Summer Romance in the air with Max's new seasonal Collection
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
Celebrate Eid Al-Fitr with Emaar Entertainment
Medeor 24x7 International Hospital, Al Ain - Quran Competition
Etisalat launches the Middle East's first Apple Watch Series 3 with built-in cellular
Celebrate Eid Al Fitr at Dubai Festival City
GUESS Trend Alert | The Summer Blues
GSK distributes 8,500 ecofriendly Iftar meal bags to people across the GCC
Back to the 90s with GUESS Originals
Nikai Group supports Al Noor Centre with assistive technology devices
Kitchen Design from a Single Source: GROHE Sets Holistic Design Accents with Its...
Hormann Introduces door type V3009 for integration in conveyor systems
Beautiful Freaks
The Dubai Business Women Council enhances the skills of its members through the ...
Year of Zayed Celebrated in a Short Film Featuring Renowned Businessman and Phil...
Emirati double amputee becomes first in the region to receive 3D printed transti...
dnata acquires majority stake in baggage storage and delivery service company, DUBZ
Jawaher Al Qasimi Makes Worldwide Plea to Strike Child Labour at its Very Roots
Emirates Aviation University announces new scholarship awards
The Timekeeping Starts Now!
Maserati joins Cash & Rocket Tour 2018
FBMA Launches The Fatima Bint Mubarak Sports Library
Facebook for iPhone now available in Arabic