Dubai will launch a new ‘Smart Rental Index’ in January 2025 to enhance transparency and trust in the real estate sector. The index, developed by the Dubai Land Department, aims to provide accurate and up-to-date rental data, helping landlords, tenants and investors assess rental values and resolve disputes.

This benchmark will guide the calculation of new rents and renewals across Dubai with a focus on aligning rental rates with market conditions. Dubai’s rental market has seen consistent growth with city-wide rents rising by 18% year-on-year in Q3 2024, driven by increased demand. The new index combines advanced technology and real estate expertise to meet the needs of all market participants.