DLD, Property finder launch Dubai house price index.

Dubai Land Department (DLD) and Property Finder have signed a memorandum of understanding (MoU) for the launch of Dubai's first official sales and rental price index.

The collaboration will create an index called 'Mo'asher,' which translates to index in Arabic. The first edition of the index will be unveiled during the third week of September and will be available on DLD's and Property Finder's websites. The MoU was signed by Sultan Butti bin Mejren, director general of DLD, and Michael Lahyani, founder and chief executive officer of Property Finder.

"Signing a partnership with Property Finder aligns us with an entity that enjoys an established reputation for leading people to property, especially as we are collectively...