Dubai Land Department Ready to Form New Rental Prices

In recent years, Dubai is very popular among investors who want to capitalize on offering their property for lease. In some areas of the metropolis rental prices are really high for both residential and office space. That is why the Government of Dubai decided to revise the lease pricing system in the emirate.

In the near future the Dubai Land Department will start to analyze and evaluate each building, where it will be given the peculiarities of every object, their security level and availability of amenities. These actions are designed to make lease prices more equitable.

Each building will be listed in the new rating system, which is a part of the Dubai governmental program called “Plan 2021”, due to which the formation of rent prices will be more transparent, which should attract more foreign investors.

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