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FinancialNews


  • 19-11-17

    2018 rental index updated by Dubai Land Department

    (MENAFN) The update of rental index for 2018 has been announced by Dubai Land Department (DLD), confirming that the recent update includes all residential, commercial and industrial properties in Dubai.

    A variety of mechanisms have been adopted by DLD's specialists to carry out the upgrade process, including reading the average data of tenancy contracts registered in the 'Ejari' system and the real estate data and units registered in DLD's databases, Emirates official news agency Wam reported.

    The new rental index includes all areas of the Emirate, all types of property, and indexes for new projects.

    For the first time this year, a land rent index has been added for land with annually renewable lease contracts.

    MENAFN1911201700450000ID1096110806

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