rera_rent_increase
Calculate the maximum legal rent increase in Dubai by comparing your current rent to the RERA Rent Index. Get the gap, increase percentage, and new rent.
Instructions
Compute the maximum legal rent increase under Dubai Decree 43 of 2013.
Maps how far the current rent sits below the area average market rent (RERA Rent Index) to the allowed increase slab and returns the gap percentage, the max increase percentage, and the max new rent.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| area_average_rent | Yes | The area average market rent in AED (RERA Rent Index). | |
| current_annual_rent | Yes | The current annual rent in AED. |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||