Decree No 43 of 2013 regulates rental increases as follows:
  • No increase is allowed if the existing rent is up to 10% less than the average rental for similar real property units in the same location.
  • 5% increase is allowed if the rent is 11–20% less than the average.
  • 10% increase if the rent is 21–30% less than the average.
  • 15% increase if the rent is 31–40% less than the average.
The DLD has a free Rent Increase Calculator, based on the rent index, readily accessible on its website to check whether any increase in the annual rent applies. 0% increase if the rent is more than 40 per cent less than the average.

LEAVE A REPLY

Please enter your comment!
Please enter your name here