The famous Dubai Land Department (DLD) unveils that a new Smart Rental Index will be introduced in January 2025. The new rental index will develop and regulate Dubai’s real estate industry, “particularly in the field of rental valuation.” This smart move by the DLD had been made to boost the development of the real estate sector, deploying transparency, trust, and confidence among investors, landlords, and tenants.
The new rental index perfectly represents the top-notch transformation in regulating and developing the real estate market of Dubai. It relies on up-to-date data, accurate, and innovative technologies to provide integrated solutions, promoting balance and transparency in the real estate market of Dubai. This initiative by the DLD perfectly aligns with the visionary leadership’s efforts to improve the role of technology in improving services, elevating quality of life, and achieving sustainable development across diverse economic sectors.
Strategic Objectives of the New Rental Index
The smart rental index by the DLD aims to achieve a plethora of strategic objectives, first and foremost of which is improving transparency in Dubai real estate market. This is accomplished by providing accurate and up-to-date data in the decision making process for investors, tenants, and landlords via a creative approach. This initiative enables all stakeholders to access clear information, reflecting a sense of trust and balance in the real estate transactions.
This initiative reflects DLD’s vision to position the Emirate as a global leader for leveraging technology to serve the real estate sector of Dubai with the Dubai Digital Strategy, the Dubai real estate sector strategy 2033, and the emirate’s future vision for achieving the innovative concept of excellence and sustainability.
Source: Propertynews
