A property index that will recommend rents for different types of homes in areas across Dubai has moved a step closer.

The Real Estate Regulatory Authority (RERA) has completed the formula that will define rent structures and is preparing to launch the index at the beginning of next year.

"The index will stop landlords exaggerating and increasing rents," Mohammed Khalifa bin Hamad, director of Owners' Relationship Management Department in RERA, told Emirates Business on Tuesday.

Property rental index to start early next year - Real Estate - ArabianBusiness.com