The new smart rent index is indicative for new contracts and mandatory for renewed contracts

Today, Thursday, the Dubai Land Department revealed its new smart rental index, which aims to achieve fairness among the parties to the real estate system.

In turn, Khaled Al Shaibani, Director of the Rental Affairs Department at the Dubai Land Department, explained that the new smart rent index is the main tool in determining rent increase rates in old contracts, while it is used as a guiding tool in new contracts that are governed by the market and by mutual consent between the landlord and the tenant.

He pointed out that the index aims to achieve fairness between the owner and the tenant and raise the efficiency of Dubai real estate through the classification system according to the standards for each building.

Determines the rental value based on the building.. Launching the completely new smart rental index

“Dubai Lands”: The rental index determines the rental value based on the building, not the area
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