The Dubai Land Department (DLD) said on Tuesday it was almost halfway through a two-year building survey to compile a database of information for every unit in the emirate.
The new Building Classification System (BCS) has surveyed 55,601 plots of land out of a targeted 139,306, representing 40 percent of the work, the DLD said.
The plots of land corresponds to 173,850 apartments and 18,277 villas, most of which are in Deira and some in Bur Dubai.
The building survey – which is the biggest of its kind conducted in the emirate to date, according to the DLD – is intended to help establish a more detailed method of calculating rental and service charge increases over the coming years.
The DLD said in May that it was using advanced technology to overhaul outdated building classification processes and build a new rental index that more accurately reflect’s the property’s size, location and condition.
DLD director-general Sultan Butti Bin Mejren told Arabian Business in July: “This is a big project. We have [around] 135,558 [rental] properties in Dubai and have surveyed about 21 percent of the total, so around 29,000. By the end of the year we will have finished the survey and put the details in the system.
“This piece of work will help with…regulating rental prices. At the moment when we do the index we do not know all the details about a building but when we finish this survey we will – whether it is an old building, new building, low-rise building, tall building. And we can devise a formula to calculate the rent.”
A revised index would take into account additional building characteristics such as square footage, date of construction and quality of shared facilities, and aim to create the emirate’s first comprehensive real estate database.
Mohamad Khodr Al Dah, senior director of the DLD’s Technical Affairs Department, said in a statement on Tuesday: “We employ the most up-to-date technology and techniques in the field of maps and spaces data, in order to continuously develop and improve the department’s e-systems.
“These ongoing improvements help us to provide quality services, meet the various needs of our customers quickly and easily, and provide accurate data on residential units and land plots all across Dubai.”
He added that the survey would increase the accuracy of real estate data and boost transparency in the industry.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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