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These days, Dubai Land Department announced that soon anybody would have a free access to a detailed information about any building in the emirate. In the last two years a special state commission examined and evaluated almost each housing unit in Dubai. At the moment, the survey is 40 per cent complete.
This big and the most encompassing evaluation study of the Dubai's property stock was taken by regulatory authorities with a view to establish a new Building Classification System (BCS), which ultimately will help developing improved methods of calculating rents and service charges in residential complexes (these charges usually include gyms, swimming pools, barbecue areas, as well as security services, concierge, territory maintenance and more).
Rental calculator provided by DLD already exists in Dubai, but it has too average meanings and doesn’t take to account individual features of many residential buildings, which deprives it of objective data, experts say.
The commission has already surveyed 55,601 land plots out of planned 139,306. These plots include a total of 173,850 apartments and 18,277 villas, most of which are located in areas of Deira and Bur Dubai.
By the year end the survey is scheduled for completion in full, so that rental calculator could also took into account the location of a property, its size and its state, including even such details as the window view and the balconies’ size, DLD director-general Sultan Butti Bin Mejren said.
In turn, the creation of a single transparent property base in Dubai will definitely have a positive impact on the industry’s investment attractiveness, while modern technologies used for the program implementation will strengthen Dubai's status as one of the most technologically advanced world centers.
