How Dubai is becoming more transparent to attract real estate investors

SourceArabian Business
SectorReal Estate

Dubai and Abu Dhabi are the most transparent real estate markets in the MENA region, according to the latest Global Real Estate Transparency Index from JLL. The index is considered a useful indicator of a city’s overall ‘real estate investment health’ and comes despite continued concerns surrounding over-supply and the ongoing economic impact caused by the global Covid-19 pandemic. Dubai’s increasing attractiveness as an investment hub was recognised as the emirate climbed up three places to 36th. Overall, the real estate sector contributed 7.2 percent to Dubai's GDP last year According to the report, the most significant initiative launched in 2019, and a key contributor to Dubai’s ranking, was the creation of an official residential transaction-based index, Mo’asher, by the Dubai Land Department (DLD) in partnership with the private sector. “Mo’asher constitutes a potentially important more...