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Dubai's new Smart Rental Index boosts transparency in sector
Khaleej Times
|January 06, 2025
The Dubai Land Department on Thursday unveiled the ‘Smart Rental Index’ that covers all residential areas across the emirate including districts, special development zones and free zones.
The new rental index has been expanded to add star rating system, data of old and new buildings, average rent in the area and the building as well.
Relying on artificial intelligence (AI), the index considers all technical and service-related aspects of properties. Dubai has rated residential buildings from one to five star, depending on different factors such as amenities, quality, maintenance, and facility management among others.
Here is all you need to know about the Smart Rental Index:
How can people access it?
Tenants and landlords can access the rental index through the Dubai Land Department’s website.
What is the purpose behind the launch of Smart Rental Index?
It is aimed at providing fair and accurate rental valuations to tenants, landlords and investors to give a clearer picture to the three parties.
What does it cover?
This story is from the January 06, 2025 edition of Khaleej Times.
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