According to the latest research from JLL, Dubai and Abu Dhabi have emerged as the world’s most improved real estate markets, securing 3rd and 4th places respectively for progress in market transparency. This marks a significant achievement, reflecting the UAE’s commitment to enhancing the real estate sector’s openness and digitalization.
The improvements in both cities’ real estate markets can be attributed to increased government efforts to promote data transparency and implement digital transformation initiatives. These advancements aim to boost investor confidence and create a more accessible, transparent market environment.
Dubai, which moved up one spot to 28th on the Global Real Estate Transparency Index, is the only city in the MENA region classified as “Transparent.” Notable initiatives such as the Real Estate Innovation Incubator and the Dubai PropTech Group have played a pivotal role in Dubai’s rise in the rankings. Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department, highlighted that the city’s progress demonstrates its dedication to creating an innovative and trustworthy real estate ecosystem. He emphasized that transparent practices attract global investments, enhance market trust, and contribute to sustainable development—key goals aligned with Dubai’s D33 Economic Agenda.
Abu Dhabi also saw notable improvements, climbing four spots to 41st place and earning a “Semi-transparent” status. The Emirate has embraced AI technology to expand its digital services, including a new real estate platform that integrates a wide range of property services.
While Saudi Arabia’s market ranks lower on the transparency scale, the report acknowledged the country’s efforts to enhance institutional frameworks and improve transparency, suggesting strong long-term potential.
The Importance of Transparency in Real Estate
Transparency plays a critical role in the evolving MENA real estate landscape, helping stakeholders make informed decisions as urban growth accelerates. According to JLL, markets that are more transparent tend to experience higher levels of transaction activity and market satisfaction, as buyers and sellers are more likely to engage in mutually beneficial exchanges.
The report also highlights the role of AI-powered tools in driving productivity and transparency in real estate markets. However, concerns about the potential for anti-competitive behavior due to pricing algorithms were also noted, underscoring the need for careful management of these technologies.
JLL’s Global Real Estate Transparency Index, published biannually in partnership with LaSalle Investment Management, surveys market performance, data governance, regulatory frameworks, and sustainability measures across 90 countries and territories worldwide.
The UAE’s real estate sector remains one of the most dynamic in the world, with cities like Dubai becoming prime destinations for high-net-worth individuals seeking luxury investment opportunities.
