Dubai Land Department is set to roll out the ‘Smart Rental Index’ in January 2025, an initiative aimed at driving real estate sector growth while cultivating trust, transparency, and confidence among landlords, tenants, and investors.
The new smart index marks a key transformation in regulating and developing Dubai’s real estate sector, particularly in rental valuation. By leveraging accurate, up-to-date data and cutting-edge technologies, it offers integrated solutions that foster balance and transparency in the real estate market.
With the integration of advanced technologies with accumulated real estate expertise, the project ensures top-notch service that caters to the needs of all stakeholders in the market. This pioneering initiative falls in line with the visionary leadership’s commitment to enhancing the role of technology in improving services, elevating quality of life, and driving sustainable development across various economic sectors.
The Smart Rental Index is designed to achieve a set of strategic objectives. The main goal is to boost transparency in the real estate market. This is achieved by offering accurate and up-to-date data that supports decision-making for investors, landlords, and tenants through an innovative tool. The index provides all stakeholders with access to clear information, thereby promoting trust and achieving balance in real estate transactions.
This initiative highlights Dubai Land Department’s mission to elevate the emirate’s status as a global model for leveraging technology to serve the real estate sector. This also falls in line with the Dubai Digital Strategy, the Dubai Real Estate Sector Strategy 2033, and the emirate’s future vision for driving sustainability.
