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Regulation of rental prices in Dubai, UAE

Regulation of rental prices in Dubai, UAE

Regulation of rental prices in the UAE - Makebiz

Investing in real estate for the purpose of further renting out is a popular and profitable business. However, it is important to know that in this sphere there is a special legislative regulation of prices by RERA agency.

In case of renting out the housing and unforeseen price increase on the part of the landlord, the tenant has the right to apply to the Agency regulating the real estate market. The admissibility of the price increase can be checked and depends on the initial price stipulated in the agreement and the average values on the market.

According to the current legislation, the lease agreement must be registered in the Ejari system. Only then can disputes related to the rent be considered. The contract specifies the amount to which both parties agree. If it is renewed, the landlord has the right to increase the price, but there are maximum rates for increasing it. If the rent is 10% below the average market value, it is prohibited to increase it. From 11% to 20%, a 5% increase is allowed. From 21-30% — by 10%. And accordingly, if the rate is below the market average at 31-40%, the increase is possible by 15%, starting from 40% — by 20%.

On the website of the Land Department of Dubai or in its application, you can calculate the allowable percentage of increase in housing prices depending on a particular area.

It is important to remember that if the landlord wishes to raise the fees, it is obliged to inform the tenant at least 90 days before the expiration of the current contract via the email specified when registering with Ejari. If the new terms are in line with the calculator calculations from the Land Department, the tenant must accept them.

Read other articles on this topic:

How to rent an apartment in Dubai
Ejari Contract in Dubai

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1. General provisions This personal data processing policy is compiled in accordance with the requirements of Federal Law No. 152-FZ of 27.07.2006 "On Personal Data" (hereinafter referred to as the Personal Data Law) and defines the procedure for processing personal data and measures to ensure the security of personal data taken by Mikhailov Ivan Sergeevich (hereinafter referred to as the Operator).

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2. Basic concepts used in Politics

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2.7. Operator — a state body, municipal body, legal entity or individual, independently or jointly with other persons organizing and/or processing personal data, as well as determining the purposes of processing personal data, the composition of personal data to be processed, actions (operations) performed with personal data.

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2.11. Provision of personal data — actions aimed at disclosure of personal data to a certain person or a certain circle of persons.

2.12. Dissemination of personal data — any actions aimed at disclosure of personal data to an indefinite circle of persons (transfer of personal data) or familiarization with personal data of an unlimited circle of persons, including the publication of personal data in the media, placement in information and telecommunications networks or providing access to personal data to anyor in another way.

2.13. Cross—border transfer of personal data is the transfer of personal data to the territory of a foreign state to the authority of a foreign state, a foreign individual or a foreign legal entity.

2.14. Destruction of personal data — any actions as a result of which personal data is permanently destroyed with the impossibility of further restoration of the content of personal data in the personal data information system and/or the material carriers of personal data are destroyed.

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3.2. The operator is obliged to: — provide the subject of personal data at his request with information concerning the processing of his personal data; — organize the processing of personal data in accordance with the procedure established by the current legislation of the Russian Federation; — respond to requests and requests of personal data subjects and their legal representatives in accordance with the requirements of the Law on Personal Data; — report to the authorized body the body for the protection of the rights of personal data subjects at the request of this body, the necessary information within 10 days from the date of receipt of such a request; — to publish or otherwise provide unrestricted access to this Policy regarding the processing of personal data; — to take legal, organizational and technical measures to protect personal data from unauthorized or accidental access to them, destruction, modification, blocking, copying, provision, dissemination of personal data, as well as from other illegal actions in relation to personal data data; — stop the transfer (distribution, provision, access) of personal data, stop processing and destroy personal data in the manner and cases provided for by the Law on Personal Data; — perform other duties provided for by the Law on Personal Data.

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4.2. The subjects of personal data are obliged to: — provide the Operator with reliable data about themselves; — inform the Operator about the clarification (updating, modification) of their personal data.

4.3. Persons who have provided the Operator with false information about themselves or information about another personal data subject without the latters consent are liable in accordance with the legislation of the Russian Federation.

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5.6. When processing personal data, the accuracy of personal data, their sufficiency, and, if necessary, relevance to the purposes of personal data processing is ensured. The Operator takes the necessary measures and/or ensures that they are taken to delete or clarify incomplete or inaccurate data.