Dubai residents can see how much their rents for the year could rise before their tenancy contract ends via the Rental Index feature by the Dubai Land Department (DLD).
As per the DLD website, this service allows customers to calculate the increase in rent and average rent in the real estate market by entering data for the required area.
This e-service by the DLD only requires customers to enter a few basic details which includes the tenancy contract’s expiry date, number of rooms, and current rent value.
The service is free of cost and can be accessed through four channels.
Here is a full guide to access this service.
DLD Rental Index: How to access
There are four channels to access the DLD Rental Index. These include:
- DLD’s website (Ejari System)
- DLD’s website
- Dubai REST App
- Dubai Now App
How to calculate your expected rent increase in Dubai
Step 1: Access the website or mobile application(s) and choose the service
Step 2: Enter details such as the Ejari contract’s expiry date; the property type, area, and number of rooms, and the current annual value of the rent
Step 3: The customer is informed of the required information that appears instantly.
Dubai rents to rise in 2023
Emirate’s real estate prices are expected to surpass major cities such as Miami and Paris, according to the “Dubai Property Market Forecast for 2023” report by sustainable property developer, ZāZEN Properties.
The surge in prices is due to the increase in sales volume, where the emirate witnessed an impressive 75 percent growth in registered sales in 2022 compared to the previous year.
Sales volumes reached AED261 billion in 2022, showing a substantial surge from the AED149 billion recorded in 2021.
Building upon this momentum, forecasts now project that the emirate’s real estate sector will reach AED300 billion by the end of 2023.
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