How can old villas in Dubai be the same price as new ones?

This content was originally posted in 7DAYS UAE website at: How can old villas in Dubai be the same price as new ones? The Rent Calculator and controlled rental price changes are a good thing. It provides much needed Consumer protection from unscrupulous landlords. However, there is a flaw. The rental increase is calculated against the average in an area for a type. Therefore a 1970s 3-bed villa, with single glazing, AC from the steam era, and no amenities is in the same ‘pot’ as a brand new 3-bed villa, with private pool, basement garage and tennis court. With the system designed to move all rents toward the ‘average’, this places a significant and unfair burden on the older properties. It would be good to see a little more finesse to the system. Vantage, Dubai Read the original story at: How can old villas in Dubai be the same price as new ones?