green_garden
Property investor
My preferred outcome is to retain a dependable tenant, but the gap between the current AED 11,330 rent and comparable asking figures near AED 14,110 is difficult to ignore. The tenant pays on time and looks after the duplex, so replacing them purely to pursue an advertised figure could prove expensive.
I am thinking of proposing a restrained increase rather than assuming the whole gap is recoverable. Before doing that, I need to confirm what Dubai’s present increase and notice requirements allow. How would landlords put a value on reliable payment, lower vacancy risk and the condition of the home when framing a renewal?
I am thinking of proposing a restrained increase rather than assuming the whole gap is recoverable. Before doing that, I need to confirm what Dubai’s present increase and notice requirements allow. How would landlords put a value on reliable payment, lower vacancy risk and the condition of the home when framing a renewal?