Dubai: There could be changes in the rental index covering Dubai’s neighbourhoods, across all types of properties. This follows the completion of the first phase of classification of buildings across the emirate.
The survey extended to plots outside of the freehold areas, with the data collected focusing on the current state of the plot, whether there was a building or just vacant land, as well as determining the number of buildings, floors and units.
This will facilitate the rental procedures for tenants, as well as provide a precise classification of each property in the surveyed areas.
The nature of the property’s use — whether for residential or commercial, as well as the specifications of the individual property were listed according to 64 criteria, which includes the availability of parking spaces, the age of the building, the existence of facilities and services such as lifts, as well as the profile of its location such as sea view.
The latest images were take to support the data collected.
“Our target was to complete the project by the end of 2017 which we have successfully done, and today we are pleased to announce that all parties in the real estate sector are now able to benefit from the survey data,” said Sultan Butti Bin Mejren, Director-General of Dubai Land Department.
The project was launched in early 2015. Phase One focused specifically on the older areas in Dubai. Based on the findings, 79,280 plots are located in non-freehold areas, compared to 69,982 plots located in freehold areas.
The project will also ensure that developers are able to classify their projects according to DLD classifications.
