Real Estate transparency index are Dubai
The ‘Transparent’ tier is exclusive to Dubai, keeping it as the only real estate market in the Middle East and North Africa region.
- The transparency of the global real estate market has significantly improved in the UAE in recent years.
- Dubai and Abu Dhabi managed to move up into the top five globally in terms of real estate transparency this year.
- As per JLL’s most recent 2024 Global Real Estate Transparency Index (GRETI), Abu Dhabi came in at number five and Dubai at number three for the gains they made between 2022 and 2024.
Dubai moves up one spot
- The improvement in Dubai’s ranking indicates how well government efforts are working to improve market transparency and create a more stable real estate climate in the area.
- With the help of the smart real estate platform and Dubai REST interface, the city has significantly improved its digital services. It also made land information and urban planning systems accessible.
- This emphasizes even more the emirate’s dedication to ongoing real estate practice improvement.
- IN line with Dubai’s goal of being the world’s top real estate destination, transparent and open business procedures foster international investment, strengthen consumer confidence, and promote sustainable growth, said bin Shalita.
- Abu Dhabi moves up four positions.
Abu Dhabi now ranks 41st globally on the global real estate transparency index, up four points from 2022 at the “Semi-transparent” level.
- The emirate has increased the scope of its digital offerings by utilizing AI and Protect.
- Through its DARI platform, this has also optimized real estate operations.
- Together with transaction databases, the platform also offers development, sales, and leasing management capabilities.
- In the MENA area, the UAE has established itself as a pioneer in technology and innovation.
- According to James Allan, CEO of JLL, MEA, “it is creating a conducive investment environment that supports transformative urban development projects by ramping up commitments to sustainability.”
- According to Allan, the UAE’s real estate markets are moving toward better efficiency and openness, as seen by Abu Dhabi’s notable advancements and Dubai’s ongoing advances on the worldwide real estate transparency index.
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