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  • Rental Index

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    Vishwas Bhat
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    A rental index shows a studio apartment in Dubai Silicon Oasis - Nadd Hessa with a current annual rent of 29500 AED and contract ending March 31, 2024. The allowable rent increase is 5% of the current rent, which is 1475 AED, since the existing rent is within 11-20% below the average rent for similar units in the area ranging from 32000 to 39000 AED annually.

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    A rental index shows a studio apartment in Dubai Silicon Oasis - Nadd Hessa with a current annual rent of 29500 AED and contract ending March 31, 2024. The allowable rent increase is 5% of the current rent, which is 1475 AED, since the existing rent is within 11-20% below the average rent for similar units in the area ranging from 32000 to 39000 AED annually.

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    © All Rights Reserved
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    24 views1 page

    Rental Index

    Uploaded by

    Vishwas Bhat
    A rental index shows a studio apartment in Dubai Silicon Oasis - Nadd Hessa with a current annual rent of 29500 AED and contract ending March 31, 2024. The allowable rent increase is 5% of the current rent, which is 1475 AED, since the existing rent is within 11-20% below the average rent for similar units in the area ranging from 32000 to 39000 AED annually.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Rental Index Result

    Rental Index Type Residential Contract End Date 03/31/2024


    Area Dubai Silicon Oasis - Nadd Hessa Property Type Apartment
    Bedrooms Studio Current Annual Rent 29500 AED

    When renewing real property lease contracts, the maximum percentage of rent increase for real property in the
    Emirate of Dubai, 5% of the rent of real property unit, where the rent is 11% to 20% less than the average rental
    value of similar units.
    The rent for a Studio apartment in Dubai Silicon Oasis - Nadd Hessa is in range 32000 to 39000 AED per year,
    (does not include water, electricity or any other fees, and not applicable for hotels and hotel apartments).
    The amount of the increase is ( 1475 AED per year ).

    Dubai Land Department, Dubai - Phone: +971-8004488


    Deira Baniyas Road, P.O. Box 1166, United Arab Emirates Email : info@dubailand.gov.ae

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