Sharjah to Introduce Rental Index to Enhance Market Transparency
The initiative aims to reduce landlord-tenant disputes by providing transparent access to rental information across Sharjah.
Sharjah is set to introduce a rental index as part of its efforts to increase transparency within the emirate's real estate market.
This initiative is expected to reduce disputes between tenants and landlords by making rental information more accessible and clear.
The rental index will feature a comprehensive map of the emirate, allowing residents to view and compare rental prices in their respective areas.
Saeed Ghanem Al Suwaidi, chairman of the Representative Committee of the Real Estate Sector Business Group at the Sharjah Chamber of Commerce and Industry (SCCI), announced that the project will be executed by Sharjah Digital in collaboration with the Sharjah Real Estate Department.
During an interview on the sidelines of the Acres 2025 exhibition, Al Suwaidi expressed hopes for the index to be operational by the event, scheduled to take place from January 22 to 25 at the Sharjah Expo Centre.
The index is poised to bring more clarity to the rental market, aligning with similar initiatives across the United Arab Emirates.
Earlier this month, Dubai introduced its 'smart rental index' encompassing elements such as building classification and tenancy contract information.
In a related development, the Abu Dhabi Real Estate Centre launched its first rental index in August 2024 to promote transparency and offer indicative rental values.
These efforts are part of a broader movement within the UAE aimed at boosting investor confidence and streamlining rental processes across the nation.
The introduction of these indices reflects a focus on addressing common market challenges and ensuring a balanced relationship between tenants and property owners.
This initiative is expected to reduce disputes between tenants and landlords by making rental information more accessible and clear.
The rental index will feature a comprehensive map of the emirate, allowing residents to view and compare rental prices in their respective areas.
Saeed Ghanem Al Suwaidi, chairman of the Representative Committee of the Real Estate Sector Business Group at the Sharjah Chamber of Commerce and Industry (SCCI), announced that the project will be executed by Sharjah Digital in collaboration with the Sharjah Real Estate Department.
During an interview on the sidelines of the Acres 2025 exhibition, Al Suwaidi expressed hopes for the index to be operational by the event, scheduled to take place from January 22 to 25 at the Sharjah Expo Centre.
The index is poised to bring more clarity to the rental market, aligning with similar initiatives across the United Arab Emirates.
Earlier this month, Dubai introduced its 'smart rental index' encompassing elements such as building classification and tenancy contract information.
In a related development, the Abu Dhabi Real Estate Centre launched its first rental index in August 2024 to promote transparency and offer indicative rental values.
These efforts are part of a broader movement within the UAE aimed at boosting investor confidence and streamlining rental processes across the nation.
The introduction of these indices reflects a focus on addressing common market challenges and ensuring a balanced relationship between tenants and property owners.
