RERA announced to update rent index table regularly after 4 months. What would be the impact of such step in the Emirates property market or from an investor point of view?
I think that it will have good impact on property rentals as all will be in touch with latest rental prices. Besides, tenants will also get affordable units to live.
Most of the investors are also of the view that RERA should keep updating the index to keep its huge market up-to-date.
I agree with Mr. Zeeshan and believe that this step from RERA would definitely provide the investors a clearer picture about UAE and Dubai real estate market.
It will act as a catalyst in boosting up the confidence of investors and landlords in UAE property market.
Hi to all,
I personally feel the same as you all have discussed above. As the property market is still stabilizing, what percentage you can give regarding the increase in the ratio of foreign investments.
First of all I am really enjoying the discussion here. Secondly, the Dubai real estate is stabilizing at a gradual pace and the policy of updating Rent Index Table will work as a catalyst (as Saud has suggested) to boost up the recovery level.
But here on this level we cannot give any ratio of increase in the foreign investments as the market is still in amateur level. But one thing is for sure that the measures taken up by RERA will surely increase the ratio of foreign investment.
Hi everyone,
I am of the same view what other members have mentioned over here but I would like to add that investors used to have several problems regarding renting of apartments but this step taken by RERA to update rent index table will be too much beneficial for renters in Dubai and consequently put positive effects on Dubai real estate and property business.
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