Dubai Real Estate Market Review 04-April-2024
Dubai’s real estate market exhibited a strong performance with total transactions amounting to AED 2.08 billion. The market was dominated by off-plan properties with over 63% of the day's total value.
Now, landlords need legal order to seek rent re-evaluation
Landlords in Dubai can request a rent re-evaluation from the Real Estate Regulatory Authority (RERA), but starting April 2024, they must include a legal judgment or order with their application. This change follows the recent update of RERA's Rental Index, which now reflects higher market rents. …
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