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DLD says creating database for Dubai real estate

The Dubai government is conducting a major survey of buildings across the emirate, intended to help establish a more detailed method of calculating rental and service charge increases in the coming years. In a statement on Sunday, the Dubai Land Department (DLD) said it was using advanced technology to overhaul outdated building classification processes. Using…

Dubai properties to get star rating

dubai properties

This will form part of a new and comprehensive building classification system Dubai: Dubai’s buildings are to get a star rating. Each receives a star rating out of five based on 60 tailored requirements, Dubai Land Department said in a statement on Sunday. This will come about as part of a complete overhaul of the…

Dubai authority to review the way rents are calculated

calculation

A complete overhaul of Dubai’s building classification system promises to make rent fairer for residents. The overhaul, which is being carried out by the Dubai Land Department’s (DLD) Technical Affairs Department, has so far assessed 20,000 plots of land and more than 120,000 units including schools, retail units, apartments, offices and public amenities. A spokesperson…

Dubai business activity surges most in 8 months

Dubai business

Emirate experiences fastest rise in private sector business activity since September 2015 Business activity in Dubai saw its steepest growth in eight months thanks to rising demand for goods and services coupled with a low inflation rate. According to the Dubai Economy Tracker, a monthly survey of business conditions in the emirate’s non-oil private sector,…