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Source: https://www.khaleejtimes.com/uae/why-dubai-tenants-who-moved-to-other-emirates-are-set-to-return-in-2025

Dubai Land Department (DLD) has launched the Smart Rental Index, an AI-driven tool providing fair and accurate rental valuations. Covering all residential areas, it includes key districts, special development zones, and free zones.

Key Features

• The index integrates a star rating system (1 to 5 stars) for buildings, evaluating factors like amenities, maintenance, and facility management.
• It considers the technical and service-related aspects of properties, ensuring rental values reflect the quality and advantages of each building.
• Tenants and landlords can access the index on the DLD’s website.

Benefits

The index standardizes valuation criteria, providing clarity to tenants, landlords, and investors. This transparency can attract more foreign investment and simplify market navigation.

Impacts on Rent

• Buildings with higher ratings may see rent increases, as per Decree No. (34) of 2013.
• Rent hikes range from 0% to 20%, depending on the gap between current rents and the average market rate.

Flexibility and Updates

• The daily updates ensure data accuracy and reflect the latest trends, unlike the previous quarterly or annual updates.
• Old buildings can increase rents if upgraded to achieve higher ratings.

Want to know more? Book your complimentary call:

 📆 https://alessandroderubertis.com/book-consultation/

📞 +971553523125

✉️ [email protected]

Source: https://www.khaleejtimes.com/uae/why-dubai-tenants-who-moved-to-other-emirates-are-set-to-return-in-2025