Re: Rent increases after first year - law now?
Originally Posted by Patsy Stoned
(Post 9838494)
Ok..here is RERA page with the latest updates.
Just put your info in and it will tell you what the rents should be in your area. http://www.rpdubai.ae/rpdubai/rental...ator.do?lang=0 It isn't easy to do..type in bur dubai and then you will get a drop down window so you can put your area in!! eg Tenancy Contract Expiry Date : Choose expiry date Main Area : bur dubai Property Type : villa Areas : al barsha Bed Rooms : 4 Current Annual Rent: ****** The rent for a four bedroom villa in Al Barsha - Individual is in the range 130,000 to 150,000 AED per year. Your rent is less than or equal to 25% of the average similar rent in the area. So you are not entitled to any increase of rent. |
Re: Rent increases after first year - law now?
Originally Posted by lehoff
(Post 10090580)
Great tip, but am I being dumb.... any idea why i cant see Arabian Ranches on this site under Areas........?
the rent for a Three bedrooms Villa in Arabian Ranches is in the range 110000 to 170000 AED per year. Your rent is less than or equal to 25% of the average similar rent in the area. So you are not entitled to any increase of rent. tell me how much you pay and how many bedrooms and I will copy paste the info unless this works http://www.dubailand.gov.ae/English/...culatorEN.aspx It is easy.... type in area "freehold" type "villa" then click on dropdown "area" and select arabian ranches then put bedrooms and then current rent |
Re: Rent increases after first year - law now?
Originally Posted by Patsy Stoned
(Post 10091580)
this is what RERA say...
the rent for a Three bedrooms Villa in Arabian Ranches is in the range 110000 to 170000 AED per year. Your rent is less than or equal to 25% of the average similar rent in the area. So you are not entitled to any increase of rent. tell me how much you pay and how many bedrooms and I will copy paste the info unless this works http://www.dubailand.gov.ae/English/...culatorEN.aspx It is easy.... type in area "freehold" type "villa" then click on dropdown "area" and select arabian ranches then put bedrooms and then current rent Basically my land lord put my 3 bed villa rent down last year from 165k to 155k, he is now asking 165k again.... whilst thats more than 5% its not more than the first year. Sadly our own estates department seems to be oblivious to any rulings and are advising me to accept it. Why oh why doesnt this country have clear and transparent guidelines to anything. |
Re: Rent increases after first year - law now?
Originally Posted by lehoff
(Post 10092054)
Much obliged for the response Patsy, the website was obviously playing up yesterday as it was just jammed on the same areas, no matter i can see it now but it tells me the website is updating the retail index..... grrrrrr
Basically my land lord put my 3 bed villa rent down last year from 165k to 155k, he is now asking 165k again.... whilst thats more than 5% its not more than the first year. Sadly our own estates department seems to be oblivious to any rulings and are advising me to accept it. Why oh why doesnt this country have clear and transparent guidelines to anything. Your rent is less than or equal to 25% of the average similar rent in the area. So you are not entitled to any increase of rent. Maybe ask him to take 160k and pay in 4 cheques. Good luck. :) |
Re: Rent increases after first year - law now?
And the award for 'Most Complicated Thread To Follow' goes to............ :huh:
Some good advice here, no doubt (Patsy - you are a changed woman!) but it's all too much for my little brain. I have already made up my mind - if my renewal quote (March next year) is reasonable, I'm staying - if it isn't, there are plenty of alternatives. And no, I don't believe rents are now rising again - good places in popular areas are snapped up quickly, I know, but there were always elements of that, but there is still a plentiful oversupply of available places. |
Re: Rent increases after first year - law now?
Originally Posted by The Dean
(Post 10094080)
And the award for 'Most Complicated Thread To Follow' goes to............ :huh:
Some good advice here, no doubt (Patsy - you are a changed woman!) but it's all too much for my little brain. I have already made up my mind - if my renewal quote (March next year) is reasonable, I'm staying - if it isn't, there are plenty of alternatives. And no, I don't believe rents are now rising again - good places in popular areas are snapped up quickly, I know, but there were always elements of that, but there is still a plentiful oversupply of available places. My landlord actually put my rent down this year without us even discussing it |
Re: Rent increases after first year - law now?
FWIW, my (AD) landlord sent the customary 5% increase to me this year. I sent the customary "we're not paying any increase" letter. They expressed the customary surprise and then made the customary agreement not to increase the rent.
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Re: Rent increases after first year - law now?
Originally Posted by csdf
(Post 10098832)
FWIW, my (AD) landlord sent the customary 5% increase to me this year. I sent the customary "we're not paying any increase" letter. They expressed the customary surprise and then made the customary agreement not to increase the rent.
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