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Discuss this article (2 Comments)RERA plans rental index for schools
by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 09 June 2009
SCHOOL PLAN: RERA and education chiefs in Dubai are to establish a rental index for schools. (Getty Images)
A rental index for schools and education centres is to be set up, it has been announced.
Dubai’s Real Estate Regulatory Authority (RERA) and the Knowledge and Human Development Authority (KHDA) will jointly develop the index, aimed at providing benchmark rental prices for public and private educational buildings in the emirate.
It is hoped the index will erase irregularities in pricing and prevent unjustified hikes in rent.
“At present rents for adjacent schools can vary significantly, which in the case of private schools has a knock-on effect on the level of tuition fees. The new scheme, which will involve the development of long-term rental contracts, is intended to smooth out such disparities and inconsistencies,” the KHDA, the Dubai government’s education department, said in a statement on Monday.
The index will cover universities and training institutions as well as schools.
Just over 70 percent of schools, or 103 out of 144, currently have rental agreements in Dubai.
RERA also has a residential housing rental index. It was first issued in January and was updated at the end of April.
READERS' COMMENTS
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RERA should focus
Posted by Siwash, Dubai, UAE on Sunday 28 June 2009 at 19:37 UAE time
Let RERA be strategic for awhile and fix up the mess they have contributed too in the real estate market before tackling schools. I mean, the typical attitude is let us show off by introducing new initiatives all the time instead of concentrating on really trying to impress their superior, the Ruler of Dubai, without worrying about the details and issues of what they propose.
Posted by Siwash, Dubai, UAE on Sunday 28 June 2009 at 19:37 UAE time
Let RERA be strategic for awhile and fix up the mess they have contributed too in the real estate market before tackling schools. I mean, the typical attitude is let us show off by introducing new initiatives all the time instead of concentrating on really trying to impress their superior, the Ruler of Dubai, without worrying about the details and issues of what they propose.
Rental index for the schools
Posted by Realist, Dubai, UAE on Tuesday 9 June 2009 at 13:02 UAE time
Oh great! So that's the way that the fees will be hiked the next year again?
Interestingly enough, the KHDA Web site stated the allowed fee increase percentages as zero to whatever - and NOT ONE school chose zero? I wonder why?
As with the residential rentals, the RERA/KHDA index will probably round up. But ... for everything, there is a breaking point.
Posted by Realist, Dubai, UAE on Tuesday 9 June 2009 at 13:02 UAE time
Oh great! So that's the way that the fees will be hiked the next year again?
Interestingly enough, the KHDA Web site stated the allowed fee increase percentages as zero to whatever - and NOT ONE school chose zero? I wonder why?
As with the residential rentals, the RERA/KHDA index will probably round up. But ... for everything, there is a breaking point.
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