Dubai’s new Rental Index is live; ‘star’ rating to decide what tenants pay

Dubai is introducing a new ‘building classification’ system along with its digital rental index.
Only based on the ‘star rating’ associated with the building, landlords can set rates – and most important, how much they can raise it by for renewal.If the tenant is in an older building with a lower rating, then, he or she will not be paying rents at the same level for better kept properties in the area.While the earlier rental index was based on zones or districts, the new one will be honing in on individual buildings. And the updates will be far more frequent than the previous one, which was done once a year.
The new digital Rental Index has gone live as of today.