DLD, JLL to Create ‘Commercial Property Price Index’

SourceDubai Chronicle
SectorReal Estate
CountryUAE

Dubai Land Department, DLD, has signed a memorandum of understanding, MoU, with Jones Lang LaSalle, JLL, a leading professional services firm that specialises in real estate and investment management, to create a ‘Commercial Property Price Index’ , CPPI. The agreement signed between Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, and Thierry Delvaux, CEO of JLL MEA, will see the establishment of an official commercial property index, which will act as a reliable source of data for use by investors, agencies, and institutions. Also, the index will allow investors to monitor commercial market performance when making investment decisions and portfolio management. The partnership will see the two entities work towards continuing to improve Dubai’s transparency and overall real estate investment health. Majida Ali Rashid commented: “This partnership with JLL consolidates our commitment to strengthening the real estate sector in Dubai, the emirate’s position as a real estate leader on a global scale, and DLD’s partnerships and relationships with the private sector. DLD continuously introduces initiatives and products to help boost transparency ...read more...