Sharjah plans to launch rental index to reduce disputes between tenants, landlords
Sharjah is also implementing a rental index that will increase the transparency of the emirate’s real estate market and the investors’ trust as well. This index will also contain a map of Sharjah so residents of the emirate can view rents in their neighbourhoods.
Saeed Ghanem Al Suwaidi, chairman of the Representative Committee of Real Estate Sector Business Group at the Sharjah Chamber of Commerce and Industry (SCCI), said rental index would be issued by Sharjah Digital with the cooperation of Sharjah Real Estate Department.
As he told me during an interview during the Acres 2025 exhibition, he was hoping that the index will be introduced during the show, which takes place between January 22 and 25 at Sharjah Expo Centre.
The index will clear the rental space and lower the landlord-tenant conflict.
As early as this month, Dubai has introduced the ‘smart rental index’, which involves building name, current and former tenancy agreements within the buildings, rent in the neighborhood, etc. Abu Dhabi Real Estate Centre also released the first rental index in August 2024 for transparency and indicative rental value.
Alef Group CEO Issa Ataya told me they support index and the introduction of any other initiative that make the "market more transparent. The index, he continued, "will increase trustworthiness in the market of the emirate. We, as a market participant, will gain from the index".
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