Determining the proper rental for a villa

Hello,

This is an inquiry related to rental renewal. I currently rent a 5 bedroom villa from a real estate company where I pay AED 192,500 and it is up for renewal on April 30.

As per RERA calculator, the range for 5 bedroom townhouse/Villa is 140k to 170K, thus it indicates no increase. As per search portals, there is a big price range for similar villas, 220K to 300k+.

I have given my legal notice for my intention to renew as per RERA calculator and my landlord has also given notice for renewal but indicating that it will be at a much higher rent, roughly above 250k; a 30%+ increase.

I would like to resolve this amicably, but there is a big gap between our own expectations. As per law, what are my next steps?

Sincerely,