Sharjah is set to launch a new rental index aimed at increasing transparency in the emirate’s real estate market, which is expected to foster greater confidence among investors. The rental index will be accompanied by a map of Sharjah, allowing residents to view rental prices in their respective neighborhoods. This initiative is part of the government’s efforts to streamline the rental process and mitigate conflicts between tenants and landlords.

Saeed Ghanem Al Suwaidi, chairman of the Representative Committee of the Real Estate Sector Business Group at the Sharjah Chamber of Commerce and Industry (SCCI), stated that the rental index will be developed by Sharjah Digital in collaboration with the Sharjah Real Estate Department. In an interview with Khaleej Times during the Acres 2025 exhibition, he expressed optimism about the index being launched by the exhibition, which is scheduled to take place from January 22 to 25 at the Sharjah Expo Centre.

The introduction of this rental index is expected to clarify the rental market dynamics and reduce disputes between tenants and landlords. This move follows similar initiatives in neighboring emirates; earlier this month, Dubai initiated a ‘smart rental index’ that includes building classifications, tenancy contracts, and area-specific rents. Additionally, the Abu Dhabi Real Estate Centre launched its inaugural rental index in August 2024, aimed at enhancing market transparency and providing indicative rental values.

Issa Ataya, CEO of Alef Group, expressed support for the rental index, emphasizing that such initiatives contribute to a more transparent market environment. He remarked that the index “will improve trustworthiness in the emirate’s market,” suggesting that market participants like his company would benefit from such developments.