RERA

New Year to bring property price index for Dubai

In early 2010, a price index will be introduced in Dubai by the Real Estate Regulatory Authority, with the aim of helping benchmark property values in the emirate, which will work in coordination with the same principles as the rental index, introduced earlier this year by the organization. Apart from this, it will also be available on the RERA website.

As per the Mahmoud Al Burai, Director of Development at RERA, it will complete and cover all property developments in Dubai.

RERA plans international expansion

The emirate's Real Estate Regulatory Authority (RERA) has revealed that the company envisages to go global and become an international real estate reference point with the acronym, Menares.

Menares stands for the Middle East and North Africa Real Estate Society and has already become part of several international property bodies.