Sustainability becoming the new marker of UAE’s real estate transparency: JLL

Sustainability becoming the new marker of UAE’s real estate transparency: JLL

In line with its commitment to rapidly decarbonize cities and ensure that real estate evolves and adapts in a sustainable way, JLL, the leading professional services firm specializing in real estate, investment management, and development consultancy highlighted the need to embrace greater real estate transparency for a more sustainable future during a recent briefing held in Dubai.

According to JLL’s latest Global Real Estate Transparency Index (GRETI), Dubai and Abu Dhabi were the world’s strongest improvers, and Dubai joined the ‘Transparent’ tier for the first time this year.

The briefing provided an opportunity for industry experts and thought leaders to discuss Dubai’s position; what it might take to leap into the ‘Highly Transparent’ GRETI tier, and how sustainability is key to achieving high transparency.

Delivering the opening remarks, Thierry Delvaux, CEO, Middle East, Africa and Turkey at JLL said: “Higher real estate market transparency encourages higher investment levels. Therefore, inevitably, some of the highly transparent cities are considered to be preferred destinations for real estate investors -- Dubai being an ideal example of this phenomenon. With the Dubai Land Department continually striving to enhance transparency within the sector coupled with the country’s strong economic growth, and initiatives such as visa reforms, we see