Real Estate Regulator Authority (RERA) announced today that the rent index tables set by the Dubai Land Department before two years are subject to updating every four months to enable proper implementation of the Ruler’s decree capping the rent rate in the emirate.
The decree passed earlier in January had set the rates of maximum rent increases on properties leased out before its enforcement and varies according to the rental values.
Article 2 of the decree endorses the Real Estate Regulator Authority (RERA) rent index as the main reference to determine the average rent in the emirate.
