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Dubai Land Department (DLD) has stated that it is updating its Rental Index and is launching an awareness campaign for tenants as a part of its efforts to facilitate the application of Decree No. 43, 2013, which relates to rental increases in Dubai.
The organisation says that the initiatives are mechanisms that will help it to keep pace with the quality of real estate services offered by the government and that fulfilling the terms of the decree will create stability in rents, which in turn will safeguard the future of the sector in the city.
“Dubai Land Department is continuing in its efforts to develop mechanisms for the implementation of Decree No. 43 by updating its Rental Index database, which currently numbers more than 6,00000 customers,? said Mohammad Khalifa Bin Hammad, Senior Manager Real Estate Relations Management. “This action and the spreading of awareness of the decree and its implications among tenants will help ensure a consistency with rental increases, which ultimately helps the stability of Dubai,? he added.