UAE leads for real estate regionally
In Dubai, they found, “the quality of market data remains poor”
Dubai and Abu Dhabi are the most transparent real estate markets in the Middle East - but have a long way to go before they can match global leaders.
While the two emirates sew up first and second places respectively in the region, Dubai only bags 47th spot globally and Abu Dhabi is further back in 52nd place.
The report’s authors say the region has only achieved “limited progress from a low base” in the two years since they were last ranked. While the UAE has “reinforced its position as the most transparent real estate market in the region” they conclude there is room for further improvement.
In Dubai, they found, “the quality of market data remains poor”- something which must be addressed if the emirate is to be promoted from the ‘Semi-Transparent’ category it was ranked in this year. Lebanon showed the biggest improvement in the region, while Egypt was the only market to decline in transparency.
- Regional property boom leads to massive growth in allied sectors -Value of real estate projects in the ME region has crossed $1 trillion mark
- First Gulf Bank hosts UAE Real Estate and Regional Investment Markets seminar for its First Wealth clients
- Abyaar Real Estate Development Looks Forward to a Bright Real Estate Future in the Region
- Asteco launches region's first real estate application of Quick Response codes in its new property listings
- UAE leads Middle East on Global Internet e-intensity index