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UAE – The real estate markets in Dubai and Abu Dhabi have been named the world’s biggest improvers for 2022, JLL said in its latest Global Real Estate Transparency Index (GRETI).
Dubai ranks 31st globally on the list, securing three positions, marking its entry into the transparency category, while becoming the only real estate market in the MENA region to be featured.
Meanwhile, Abu Dhabi moved up one spot in the global rankings at 45th and maintained its position in the translucent category.
Dubai’s record is due to enhanced digital services and data delivery processes through the Dubai Real Estate Self-Service Transactions (Dubai REST) platform, such as service fee management, automated valuations and transaction databases.
Sultan Butti bin Mejren, Director General of Dubai Land, said: “As the global economy recovers, we recognize the need to focus on improving market transparency to make better decisions to support developers and investors.”
He added: “Today, investors from around the world are increasingly looking at real estate investments in Dubai, and we at Dubai Land are committed to increasing transparency in the industry.”
Thierry Delvaux, CEO of JLL Middle East, Africa and Turkey, said: “Faster progress and greater global alignment between industry initiatives and standards is needed to deal with , consumers, investors and the public are under increasing pressure for greater transparency.”
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