How to submit a property lease valuation request in Dubai
- Overview
- Documents Required
- How to Request Property Lease Valuation Dubai
- Service Charges
- RERA Rent Index vs. Lease Valuation in Dubai
- FAQs
If you’re looking to rent out your property in Dubai it’s essential to estimate its fair market value. This step is important if you wish to secure a good tenant for an impressive rental yield. The Dubai Land Department has an official portal that you can use to submit a request for property lease valuation in Dubai.
An Overview of Property Lease Valuation in Dubai
Understanding the true value of your rental property is essential. The Dubai Land Department’s (DLD) lease valuation service allows you to determine your rental property’s value. The lease valuation certificate issued by the DLD is only valid for vacant properties that align with Decree No. 43 of 2013 “Determining the Increase in Real Estate Rentals in the Emirate of Dubai”.
The certificate allows landlords to determine the precise rental value of their property at a given point in time. While this value may be conducive to the initial contractual term, every subsequent renewal value should take into account the proposed rent determined by the Real Estate Regulatory Agency (RERA). This RERA rent calculator considers factors such as property type, location and market trends.
Tenants can use the RERA rental index calculator to determine the accurate rent applicable to their property. If there is a conflict, The Rental Dispute Committee (RDC) will handle such cases and offer judgments based on the evidence presented by the landlord and the tenant.
Documents Required for Property Lease Valuation in Dubai
Submitting a property lease valuation request through the Dubai REST App and the DLD portal requires different documents depending on which party is requesting the certificate.
Here’s a list of documents required to request property lease valuation in Dubai:
For Landlord/Property Owner OR Tenants
- Provide clear and up-to-date photos of the property.
- Attach a copy of any legal documents such as court rulings or judicial orders related to the property’s rent (if available and applicable).
For Legal Representative (acting on behalf of the owner)
- Pictures of the property.
- Attach a copy of the Power of Attorney granting you the authority to act on the owner’s behalf.
- Submit all legal documents if applicable to the case
For Real Estate Management Companies
- Images of the property.
- Submit any relevant plans for the property obtained from the Dubai Municipality.
- Submit any legal paperwork associated with the property.
Steps to Request Property Lease Valuation via DLD and Dubai REST APP
If you’re a homeowner or a tenant, use these steps to request property lease valuation through DLD’s official website.
- To start your property lease valuation, visit the Dubai Land Department’s dedicated webpage for “Real Estate Rental Valuation Application.”
- Select the specific property you want to evaluate.
- Provide comprehensive details about your property. Be sure to fill out all the required information.
- To support your request, upload relevant photos of the entire property.
- Additionally, if you have any Dubai Municipality plans for the property, you can attach them too.
- In some cases, there might be legal judgments related to the property’s rent. If applicable, you can attach those documents here.
- Briefly explain why you’re requesting the valuation. This will help the department understand your needs.
- Once everything is filled out and attached, submit your request to complete the process.
You can also use the Dubai REST app to submit a request for a lease valuation certificate. The steps are similar but the documents required may vary depending on whether you are a tenant or a homeowner.
Service Fees for Property Lease Valuation Request in Dubai
For all valuation certificates for rental properties in Dubai, the following charges are applicable.
- AED 2,000 per real estate unit, provided that the fee does not exceed AED 10,000
- AED 10 knowledge fee
- AED 10 innovation fee
DIFFERENCE BETWEEN THE RERA RENT INDEX CALCULATOR AND LEASE VALUATION REQUEST IN DUBAI
Features | Who it Facilitates | Procedure |
---|---|---|
Features RERA Rent Index Calcualtor | Who it Facilitates Landlords and Tenants | Procedure Free online tool showing average annual rent for similar properties |
Features Property Lease DubaiValuation Certificate | Who it Facilitates Investors, Tenants and Landlords | Procedure Official document estimating the market rent for your specific property (paid service) |
FAQs
What type of properties does the property lease valuation certificate in Dubai cover?
The homeowners, investors or tenants can request property lease valuation in Dubai for the following property types:
- Vacant land (residential, commercial or industrial)
- Agricultural land (including any buildings on it)
- Housing units (apartments and townhouses)
- Residential villas (single-family homes)
- Complexes with commercial/industrial buildings, villas, or worker accommodations on the same land
- Vacant land designated for a major real estate development project (or a phase of it)
- Hotel buildings, including the land they are constructed on
How long does it take to get a lease valuation certificate in Dubai?
It takes approximately seven working days to get your certificate from Dubai Land Department (DLD).
Can we request rental lease valuation in Dubai online?
Yes, to submit an application online, use the official DLD portal or use the Dubai REST app.
What payment channels can be used to pay the lease valuation certificate in Dubai charges?
The Dubai Land Department offers convenient payment options for your property lease valuation request. You can choose to pay through:
- Noqodi (a secure electronic wallet service in the UAE)
- Debit or credit card
This concludes our step-by-step guide on how to request lease valuation in Dubai for various properties. For more information visit the official DLD website or visit any of the Ejari typing centres in Dubai.
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