The UAE continues to lead the way in enhancing real estate transparency, with Dubai and Abu Dhabi ranking among the top global improvers in the 2024 Global Real Estate Transparency Index (GRETI) by JLL.
Dubai secured the 3rd spot for improvements between 2022-24, while Abu Dhabi placed 5th, highlighting their strides in scaling digital services, implementing robust anti-money laundering (AML) measures, and enhancing market data availability.
Dubai rose one position to rank 28th globally, making it the only real estate market in the MENA region to be classified in the “Transparent” tier. This progress underscores the effectiveness of government initiatives like Dubai REST, a smart platform that enhances access to real estate services and urban planning data.
Marwan Ahmed bin Ghalita, Director-General of the Dubai Land Department, emphasized that Dubai’s advancements in GRETI reflect its vision of becoming a global leader in real estate, aligning with its Economic Agenda D33.
Abu Dhabi also made significant progress, climbing four spots to rank 41st in the “Semi-transparent” tier. The emirate’s use of PropTech and AI, particularly through its DARI platform for real estate transactions, demonstrates its commitment to digital transformation.
James Allan, CEO of JLL Middle East and Africa, noted that both cities’ improvements point to a broader trend of transparency and innovation in the UAE, fostering a favorable environment for sustainable investment and urban development.
News Source: Emirates News Agency
