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How can I assess rent for a UAE property in an area not listed on the Rera index?

Assessing rent for UAE properties in areas not listed on the Rera index can be a nuanced process, given the absence of a standardized calculator. Negotiation becomes crucial in such scenarios where fixed benchmarks are unavailable.

Reports indicate a notable uptick in rents throughout 2023, with an estimated increase of approximately 19%. However, it's important to note that this figure is a general average and doesn't specifically apply to any particular area. Variations exist across different regions, with some experiencing higher or lower increases depending on various factors such as demand, infrastructure development, and amenities.

According to Decree 43 of 2013, landlords are restricted from imposing rent hikes exceeding 20% annually. This legal guideline can serve as a reference point during negotiations between tenants and landlords.

When tenants are faced with a rent increase, they must carefully consider the financial implications of either accepting the new rate or seeking alternative accommodation. Moving costs, potential disruptions, and the availability of comparable housing options are factors that tenants need to weigh against the proposed rent increase. Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel

Maintaining a positive and cooperative relationship with the landlord is essential for fostering a conducive living environment and facilitating smoother negotiations. Both parties should strive to find mutually agreeable solutions to rental disputes while adhering to legal regulations.

In another scenario, a landlord intends to sell their property and has issued a 12-month eviction notice to the tenant. The tenant has decided to vacate earlier than expected and has requested compensation from the landlord. In such cases, it's advisable for the landlord to agree to the compensation terms and ensure that a clear understanding is reached between both parties. Additionally, obtaining a no-objection letter from the tenant can provide the landlord with flexibility in case the property doesn't sell within the expected timeframe and needs to be re-let.

In a separate inquiry, tenants are facing eviction due to alleged non-payment by their landlord, who resides in Turkey. Despite making rent payments through an agent, the landlord claims non-receipt of payments and has initiated eviction proceedings. Seeking guidance from the Real Estate Regulatory Agency (Rera), the tenants are advised to file an "offer and deposit" case to protect their rights and interests. In cases where financial discrepancies arise, involving law enforcement authorities may be necessary, particularly if there's evidence of fraudulent behavior or misconduct by the agent. Additionally, tenants may consider initiating legal proceedings through the Rental Dispute Settlement Committee to seek resolution and safeguard against unfair eviction practices.

March 29, 2024 3:37 p.m. 4261

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