Dubai to launch property star ratings system
Number of completed projects that will undergo the ratings process stands at over 120,000 units
The Dubai Land Department has announced that buildings will be given star ratings as part of a complete overhaul of the emirate’s building classification system.
Each building will be given a star rating out of five based on 60 tailored requirements and the process will be carried out by the Technical Affairs Department of the Land Department.
Around 20,000 plots have already been mapped out, while the tally of completed projects to undergo the process is over 120,000 units. These include apartments, offices, retail units and schools.
The project is being monitored by Dubai Executive Council and aims to create a transparent real estate regulatory regime that is in line with the Dubai Plan 2021.
The process starts with a plot being assigned to an inspector via a geographic information system expert administrator. The inspector would then visit the site and will conduct a survey of the building on every floor although entry would be restricted to common areas of the building only. It would also involve a 60-point questionnaire to be filled out.
The information will then be updated online and a database will be created that details every single unit in Dubai as well as a star rating for each building.
The statement from the department added: “This will ensure a smoother user experience for the Ejari system as well a more detailed calculation method for rental and service charge increases as mandated by the law. This has far-reaching benefits not only for governmental and regulatory bodies but also for tenants, landlords, investors and businesses.”
