Realty Check: UAE real estate sector becomes more transparent – ZAWYA

Realty Check: UAE real estate sector becomes more transparent – ZAWYA

The UAE's real estate sector became more transparent as both Dubai and Abu Dhabi introduced fresh measures, improving their global ranking as well as maintaining their top regional position in the Mena region.According to JLL's Global Real Estate Transparency Index 2020, Dubai, which was ranked 36th, further strengthened its position as Mena's most transparent real estate market, climbing three places up the global ranking. Abu Dhabi - ranked 48th, recorded substantial improvement in transparency, becoming one of the top performers globally on the back of its robust sustainability initiatives.After UAE, Saudi Arabia is the most transparent market followed by Egypt, Morocco, Jordan, Bahrain, Kuwait, Qatar, Oman, Tunisia and Lebanon. In addition, the UAE (Abu Dhabi) is the largest improver in transparency index across South, Southeast Asia, Western Europe and Mena in the last two years.According to JLL's Global Real Estate Transparency Index 2020, Dubai, which was ranked 36th, further strengthened its position as Mena's most transparent real estate market, climbing three places up the global ranking. Abu Dhabi - ranked 48th, recorded substantial improvement in transparency, becoming one of the top performers globally on the back of its robust sustainability initiatives.The UAE's real estate sector became more transparent as both