UAE leads for real estate regionally
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.
- Lebanese real estates move to greater transparency
- Worldwide real estate progresses with transparency
- Jones Lang LaSalle Study: UAE boasts world’s highest travel and tourism economic activity per capita
- Major real estate fund established by AIG and Istithmar JV
- Jones Lang LaSalle expands into Middle East with acquisition of RSP Group