Sharjah’s new draft property law: Will a rental index replace current leasing terms?

By Business Reporter

The creation of a full-fledged rental index could be the biggest outcome from the proposed changes to Sharjah’s real estate laws, according to property market sources.

If such a rental index is applied, it would create a real-time benchmark for rental changes in the emirate, and at a time when demand for residential options is scaling up by the day across its most popular residential locations. Such an index would immediately set clear benchmarks on what the rental average would be in these