Real Heights Real Estate Broker

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Dubai: Dubai's Real Estate Regulatory Authority (Rera) has revealed their rental index that they hope will replace the need for rent caps in the future.
 
Rera on Wednesday announced Dubai's first residential and commercial rental price index.
 
The rental index has been designed to give average rental rates across different zones of Dubai.
 
"The government has already interfered three times to impose rental caps and now there is hope that the rental index will remove this need," Rera said in a statement to media.
 
The commercial index gives the average rental rates for properties, based on road conditions, public parking, location, air conditioning, view and age of the building.
 
Office prices are also dependent on whether the building is on a main road, sub-street or an inside building.