Greedy landlords will be prevented from hiking rents excessively with the imminent introduction of a rental index for Dubai's property market, a leading industry analyst said on Monday.

Peter Penhall, CEO of property portal Gowealthy.com, rubbished industry concerns that the index would allow landlords to bypass the 5% rent cap.

Dubai's Real Estate Regulatory Agency (Rera) plans to introduce an index setting a range of appropriate rents for properties across the city in an effort to control rocketing rental prices that are fuelling record inflation.